Is bitcoin broken?

[Timeme]

as regards the high fees at present, I thought the idea of bitcoin was to use in place of dollar(whatever).
How can I buy something for 10 dollars and pay more than the value of the transaction in costs, people will not stand for it.
Something has to alter, and very fast, people once bitten will shy away.
In another thread people are saying wait, the fees will come down, do they really think so?
Once miners get used to high fees they will not give them up willingly.
The argument that the bitcoin value has gone up, so fees must go up is wrong, sending 10 dollars worth of bitcoin is sending 10 dollars worth of bitcoin, whether the value of 1 bitcoin is 200 or 20000.

The lightning network could completely change this problem, and if the lightning network can completely solve the problem of overcharge, the price of BTC will go up further.

[Ismat Morshed]

No,I donot think that Bitcoin is broken.It is one of the best coins in the world.It's value is to much and so high.It is widely used all over the country.Many people who are involve in it.So it is very powerful  coie.

[bitfools]

on the one hand BITCOIN is a hack, and has been broken since birth

on the other hand, its working exactly as planned,

bitcoin is a crypto-bank, its not a lottery, or a place to get rich quick,

so all these pathetic day traders are getting taxed to shit for their transactions and they're bitching,

who cares, they're making big money getting rich they say, so what if they pay 10% to back to the miners for fees? so what?

if the transaction level backs off and the day-traders find another way to churn bitcoin buy/sell transactions then that will off-load the tx's now, and the price will drop

the pathetic day traders brought this situation upon to themselves

they want it all, they want to make 100% a day, with no fee's, ... go back to the bank boys, or clone your own coin

[budz0425]

on the one hand BITCOIN is a hack, and has been broken since birth

on the other hand, its working exactly as planned,

bitcoin is a crypto-bank, its not a lottery, or a place to get rich quick,

so all these pathetic day traders are getting taxed to shit for their transactions and they're bitching,

who cares, they're making big money getting rich they say, so what if they pay 10% to back to the miners for fees? so what?

if the transaction level backs off and the day-traders find another way to churn bitcoin buy/sell transactions then that will off-load the tx's now, and the price will drop

the pathetic day traders brought this situation upon to themselves

they want it all, they want to make 100% a day, with no fee's, ... go back to the bank boys, or clone your own coin

What a thought! You are right since bitcoin is not regulated by anyone especially government so it was a mere broken. It is us users and investors who binds it and if we will not take care of this one we will truly broke this kind of opportunity and will missed out the future.

[TradeCrypto]

Bitcoin is not broken but still the high price of bitcoin is going to break good market before people used to invest more in bitcoin but because of the high price of bitcoin people are start thinking to invest in bitcoin , this is the major reason I can say bitcoin is going to brake its good market.

[Kakmakr]

Bitcoin react like a Dam wall under pressure. The water is the users in this scenario, because the more users you have, the higher the pressure on the wall. The Dam engineers know how much pressure the Dam wall can handle, so they are building side channels to relieve the pressure.

Other Alt coins are building smaller dams without side channels. <Example : BCash> 

[SUDARMONO]

actually a decrease in transaction costs is indeed necessary, it is true that the current high cost because it is influenced by high bitcoin prices, and for small capital owners the current cost may be very burdensome, hopefully there is a future solution later

[Retro6]

Bitcoin react like a Dam wall under pressure. The water is the users in this scenario, because the more users you have, the higher the pressure on the wall. The Dam engineers know how much pressure the Dam wall can handle, so they are building side channels to relieve the pressure.

Other Alt coins are building smaller dams without side channels. <Example : BCash> 

Dam thats a good explanation. I can see what your saying and am very impressed with building smaller dams without the need for side channels.
Go Alt.coins!

[yashjaat]

This is not impossible.

[phoenixpills]

A lot of users now are having trouble with the rise of bitcoin transaction fees. There are also many theories about why this has risen as much.