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Author Topic: i think bitcoin will not be common for small transcitions  (Read 2444 times)
mantra
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June 09, 2017, 03:55:26 AM
 #61

Yes, indeed for a big transaction fee problem is a big problem and there is no solution, I think if it becomes a problem if some online wallet lower their transaction fee, the fee is very much if we compare with other altcoin, for example dogecoin, transaction fee only some Satoshi.
tittensor
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June 09, 2017, 04:38:37 AM
 #62

Yes, this is one of issue Bitcoin need fix soon, when the price of Bitcoin raised up, I very happy but in now, I need spend 2.5$ for a transaction if I want confirm normal, not low or fast. I hope Bitcoin can fix this issue soon, wait Segwit success!
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June 09, 2017, 04:45:19 AM
 #63

Transaction fees are a nightmare for me... Sad Since I do not have a lot of Bitcoin, the total fees that I paid is a significant amount that I have. Last time, there used to be this tipping service called ChangeTip that I LOVED to use. Simply just create a ChangeTip account, deposit some Bitcoin, give away free Bits (100 satoshi) to other accounts without any fees, and I believed that helped alot to promote Bitcoin back then. But sadly they discontinued and now back to my nightmares...

There might be a time where suddenly the fees shoot up and people who only store a bit of Bitcoins would have a hard time. I don't see how SegWit can solve all these problems, honestly. There are just too many transactions. Sad

Maybe create some 2nd dimension blockchain.. ahahahah


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hardtime
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June 09, 2017, 05:43:50 AM
 #64

At this point in time, or any time where the TX fees are too high like this-- Bitcoin will be completely unusable for people that are going to want to do simple thing with it such as Buying a Coffee, buying a small toy, anything cheap and inexpensive is going to be a waste to buy with Bitcoin when you have to pay another $3.00 on top of an item where that is going to leave a huge dent in the percentage of the item.

Kinda sad that this is what we've gotten too with Bitcoin, but hopefully the miners are able to come to some sort of scaling solution and we're able to get these TX fees down with. I think it's a bit much to have a $1-3 fee on pretty much any tx which is the issue we have right now.

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ethereumhunter
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June 09, 2017, 06:24:24 AM
 #65

Yes, this is one of issue Bitcoin need fix soon, when the price of Bitcoin raised up, I very happy but in now, I need spend 2.5$ for a transaction if I want confirm normal, not low or fast. I hope Bitcoin can fix this issue soon, wait Segwit success!

i think its not problem if we should pay the fee for one transaction because with bitcoin price now, spending $2.5 its still small amount depend on how much we want to send. i think what we want to send is more than just $10 and if the fee is $2.5, then i think many people will agree and not thinking that is a big fee. i hope that the issue of blockchain will fix soon so we can make transaction without worried for waiting too long.

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