Bitcoin for the rich, not the poor - We are talking about the miners fees

[Kakmakr]

The situation with the Blockchain <higher miners fees> lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

This is how the Blockchain is for poor people :




And this is what it is like to have enough money to pay the higher fees :



The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :



Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Edit : For the people who are too lazy to read the content of the thread, we are talking about the miners fees, not about the price of Bitcoin. ^grrrrrrr^

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[xhomerx10]

That's why Dogecoin was invented.  I'm okay with Bitcoin being for the rich and famous 

[Xester]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

[asuryan180]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

Lol that's great to hear buddy,did you also buy bitcoin back then or how did you get out of your debt?I sometimes think about what it could have been if I found it out then but it doesn't make me any good since it won't change the situation right now.

[Herbert2020]

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

sadly this is what has happened to this technology lately. and it is mostly because bitcoin is littered with politics, and people who want to take control of it and also many who want to make more money from it.

That's why Dogecoin was invented.  I'm okay with Bitcoin being for the rich and famous 

i doubt there are many bitcoin users like you!

[harizen]

And this is what it is like to have enough money to pay the higher fees :

The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :

Premier class is limited so even a billionaire have lots of money to pay for seats if it's already fully booked then they will go the same line with the average persons.

Kinda same with bitcoin transactions, if a person will put a decent fee, they will just increasing the priority but what if there's a lot who did the same. Waiting is still the result.

[xhomerx10]

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

sadly this is what has happened to this technology lately. and it is mostly because bitcoin is littered with politics, and people who want to take control of it and also many who want to make more money from it.

That's why Dogecoin was invented.  I'm okay with Bitcoin being for the rich and famous 

i doubt there are many bitcoin users like you!

 I'll be more than willing to sell the rich and famous my bitcoin when the time is right.

[shield132]

Why not the poor? hah, mostly poor people are trying to do some illegal activities and bitcoin is great thing for illegal payments, they become rich after that. Paypal and some etc cards have monthly fees (as I know and also mine has) and bitcoin isn't depended on bank, wallet can be saved in computer, hard drive and etc, plus it's better for investment, I mean buy bitcoins and save it for some months or if you have nerves, for years.

[Fraxinus]

Why not the poor? hah, mostly poor people are trying to do some illegal activities and bitcoin is great thing for illegal payments, they become rich after that. Paypal and some etc cards have monthly fees (as I know and also mine has) and bitcoin isn't depended on bank, wallet can be saved in computer, hard drive and etc, plus it's better for investment, I mean buy bitcoins and save it for some months or if you have nerves, for years.

Yeah exactly,I think that BTC is for all,everyone can profit and it's just dumb to say BTC is for the rich,well buddy,make sure to get rich as well,then everyone would have no reason to complain BTC is made in such a way that it doesn't care how much cash you have,you can make big profit

[vnvizow]

Well to an extent maybe, I suppose the transaction fee for 50 million btc is the same a 0.0005 btc. But it's not like the current fee problems are eternal, and the fees are still lower than other fiat options.

[Gloiri]

Who said its just for Rich people. ? bitcoins is for everyone anybody and everybody can use it. every person have rights. all we want just a struggle to gaining BTC. once you enter bitcoins world you'll come out with big profit

[Fredomago]

Yes OP logically we can say that because of its certain price now its very expensive for poor nations or people to take advantage of using it but in the best practice its also just a currency which everyone can have even you are poor you just needed to have some time to earned it.

[NorrisK]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

I hope they paid there taxes over the years.. Would suck if they put all the money in houses and cars to only end up with a tax bill they cannot afford.

I don't agree that bitcoin are only for the rich though. Yes, they can easily get in at any price, but the start of bitcoin was equal for anybody.

[Fireblade]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

yes bitcoin is giving opportunities to poor people to make more and more money. at least one can get some money from a signature campaign without investing any money at all, and can get their pocket money for fulfilling their daily uses. but some time it is also give good opportunities to invest small amount of money and get a very very good income from it.

[ralle14]

The situation with the Blockchain lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Idk, recommended miner fees as of now are still low (ranging from 30 cents) compared to credit cards that have processing fees of like $5 above. If bitcoin favors the rich then fees should be skyrocketing with like $2 per transaction.

[BTCLovingDude]

The situation with the Blockchain lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Idk, recommended miner fees as of now are still low (ranging from 30 cents) compared to credit cards that have processing fees of like $5 above. If bitcoin favors the rich then fees should be skyrocketing with like $2 per transaction.

average transaction size is about 500 bytes and with 140-150 satoshi per byte we are getting closer to paying $1 per transaction (currently about 82 cents) and all this is because block size is small.

if there were no solution then it was acceptable to pay such high fees, but the problem is that there are solutions for fixing the problem... but none of them are being adopted.

[Doms]

The situation with the Blockchain lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Idk, recommended miner fees as of now are still low (ranging from 30 cents) compared to credit cards that have processing fees of like $5 above. If bitcoin favors the rich then fees should be skyrocketing with like $2 per transaction.

I agree with your observation. It is not as if only the rich can afford to pay for faster transactions. And those transactions cannot be made faster than they would wish because of the current block size. Also, these charges are still relatively smaller compared to what money transfer and remittance centers charge but I still see people (rich and poor) go to such centers.

[1Referee]

Don't forget that current situation is just the beginning as throughout the years pools will more and more depend on income through fees. People will just have to shift priority. If you for example transfer $1000 from one place to another nearly instantly, then it's definitely worth to include $0.50-$1 in fees. But if you buy a drink somewhere for $1.5 and you include a fee of like $0.50, then obviously it doesn't make much sense to use Bitcoin as preferred currency. Current situation shouldn't be that surprising as you could have seen this become reality years ago. People just have to adapt to the situation and realize Bitcoin is not a micro transacting tool anymore, unless you're willing to pay for it.

[Senor.Bla]

Don't forget that current situation is just the beginning as throughout the years pools will more and more depend on income through fees. People will just have to shift priority. If you for example transfer $1000 from one place to another nearly instantly, then it's definitely worth to include $0.50-$1 in fees. But if you buy a drink somewhere for $1.5 and you include a fee of like $0.50, then obviously it doesn't make much sense to use Bitcoin as preferred currency. Current situation shouldn't be that surprising as you could have seen this become reality years ago. People just have to adapt to the situation and realize Bitcoin is not a micro transacting tool anymore, unless you're willing to pay for it.

That is the point. Bitcoin was very promising to be the currency for all and not only the rich, but with the rising fees we can forget about it. Bitcoin is still a nice technology and for big amounts still good enough, but i see it more as an store of value then a daily based currency. The fact, that we have the technology to do micro transaction for almost no fees leads me to the believe that another cryptocurrency will come along and claim that sector. I think it is very likely to see Bitcoin being used for big transactions and some altcoin for micro transactions and daily use for smaller stuff. You can see it as pocket money if you will. And as long as the fees stay low it will be heavily used by the poor. The best part seems to be that once people are familiar with the whole cryptocurrencies and realise that you can change and do not have to stay forever with one. So if the people decide the fees are getting to high, they can just switch to the next one. This might bring the negative aspect of having a couple smaller cryptos which can be seen as inconvenience, but bring the positive aspects of a free market and competition, that would provide low costs and innovation.

[20kevin20]

I do not think it is for the rich. Why would it be? Fees are not a big problem because we actually have a choice. You can pay $10, $1, $0.10 or $0.01 in fees.. if you wish, you can go even under that amount. I am not rich and I afford using Bitcoin without problems. Many of us here are actually not rich.

[pedrog]

There are a lot of alternatives to bitcoin, some are quite stable and more suited for small and fast payments, you don't have to depend on bitcoin.

[sportis]

Don't forget that current situation is just the beginning as throughout the years pools will more and more depend on income through fees. People will just have to shift priority. If you for example transfer $1000 from one place to another nearly instantly, then it's definitely worth to include $0.50-$1 in fees. But if you buy a drink somewhere for $1.5 and you include a fee of like $0.50, then obviously it doesn't make much sense to use Bitcoin as preferred currency. Current situation shouldn't be that surprising as you could have seen this become reality years ago. People just have to adapt to the situation and realize Bitcoin is not a micro transacting tool anymore, unless you're willing to pay for it.

Of course like is the situation currently none will use the bitcoin network if he buys a cheap drink because he is not willing to pay high fees. But if he wants to send money in another place or want to buy something from online store then bitcoin is the best solution. There are also cases, although it is not the norm, where some clever entrepreneurs offer better prices if you buy something with bitcoins than another online payment because if customer uses paypal or web banking sellers are paying fees to bank or paypal. The way I see it after some years from now when the incentive of mining blocks in the future will be very small or almost negligible only the tx fees will be the main source of profit for miners.

[loreykyutt05]

well I agree with you but not on the bitcoin theme ! bitcoin has been very welcoming to every social status you have , well I agree with you that those who have higher amount of miners fee process their transaction fast but in doesn't really affect the output of it ! It  still gonna be confirmed and what the amount you transacted will eventually go to your receiver !which is also happening to the people who uses bitcoin with low transaction fee the receiver also get the same exact amount of what they sent ! Actually I really dont see the essence of paying higher transaction fee if you still gonna have the same output .

[OrangeII]

Well, I feel bitcoin created for everyone, whether it be from among the poor, or the rich, everyone is entitled to have bitcoin if you want. however, everyone has a different way of looking bitcoin. everyone can have a bitcoin, but it must be equipped with a great effort.

[MMA]

Why not the poor? hah, mostly poor people are trying to do some illegal activities and bitcoin is great thing for illegal payments, they become rich after that. Paypal and some etc cards have monthly fees (as I know and also mine has) and bitcoin isn't depended on bank, wallet can be saved in computer, hard drive and etc, plus it's better for investment, I mean buy bitcoins and save it for some months or if you have nerves, for years.

i think most of the people who are involved in illegal activities do not have any knowledge about bitcoin. i think using bitcoin for illegal activities may be very rare. those people are financially weaker and still want to earn money using legal ways they have good opportunities to use bitcoin and get good profit from it. they just need some skill, either as designer or some other working skill and they can find good job in bitcointalk.org. and can get good money.

[arsyah18]

bitcoin for all men in this world, and I'm sure anyone has the right to have bitcoin. and did not see who you are and where you are

good

[mace15]

As what I have read in your statement, Bitcoin literally is not for rich people nor for the poor. It is for all people who believes in bitcoin and wants to use bitcoin. Bitcoin is decentralized and not for discrimination. All of us here can easily use bitcoin, may earn big and become millionaire someday. This is should be the way it is in the world of bitcoin.

[Sundark]

There are a lot of alternatives to bitcoin, some are quite stable and more suited for small and fast payments, you don't have to depend on bitcoin.

So you are suggesting that we should switch because now fees are 10 cents too high? It is not the way of fixing things.
Bitcoin miners should realize soon that current situation is not exactly favorable for bitcoin's community.
Which in the end will cause miners to lose money too, less overall transaction equals less bounty from fees.

[1Referee]

That is the point. Bitcoin was very promising to be the currency for all and not only the rich, but with the rising fees we can forget about it. Bitcoin is still a nice technology and for big amounts still good enough, but i see it more as an store of value then a daily based currency. The fact, that we have the technology to do micro transaction for almost no fees leads me to the believe that another cryptocurrency will come along and claim that sector. I think it is very likely to see Bitcoin being used for big transactions and some altcoin for micro transactions and daily use for smaller stuff. You can see it as pocket money if you will. And as long as the fees stay low it will be heavily used by the poor. The best part seems to be that once people are familiar with the whole cryptocurrencies and realise that you can change and do not have to stay forever with one. So if the people decide the fees are getting to high, they can just switch to the next one. This might bring the negative aspect of having a couple smaller cryptos which can be seen as inconvenience, but bring the positive aspects of a free market and competition, that would provide low costs and innovation.

Correct, there are enough alternatives that people can make use of in the crypto world. Same basically goes up for people that complain about Bitcoin not offering anon features while Bitcoin has never been a fully anonymous currency, and probably will never be. Nothing prevents them from diving into Monero for their privacy minded transactions, but instead, they blame Bitcoin. I have to note that fiat related payment platforms get better and better, where payments come through instantly without any fees, etc. In local stores it doesn't really make sense to use of crypto to pay for things since fiat does the job pretty well. That's why I don't understand why certain people think that Bitcoin can greatly help people in poor countries as currency. It's pure nonsense.

[Mometaskers]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

First adopters luck I believe. I heard years ago they were practically giving away btc. I know someone who said he actually printed paper wallets but misplaced them. Needless to say he was very disappointed when the price hit 40k in our currency and then he remembered he used to have coins.

Don't forget that current situation is just the beginning as throughout the years pools will more and more depend on income through fees. People will just have to shift priority. If you for example transfer $1000 from one place to another nearly instantly, then it's definitely worth to include $0.50-$1 in fees. But if you buy a drink somewhere for $1.5 and you include a fee of like $0.50, then obviously it doesn't make much sense to use Bitcoin as preferred currency. Current situation shouldn't be that surprising as you could have seen this become reality years ago. People just have to adapt to the situation and realize Bitcoin is not a micro transacting tool anymore, unless you're willing to pay for it.

That is the point. Bitcoin was very promising to be the currency for all and not only the rich, but with the rising fees we can forget about it. Bitcoin is still a nice technology and for big amounts still good enough, but i see it more as an store of value then a daily based currency. The fact, that we have the technology to do micro transaction for almost no fees leads me to the believe that another cryptocurrency will come along and claim that sector. I think it is very likely to see Bitcoin being used for big transactions and some altcoin for micro transactions and daily use for smaller stuff. You can see it as pocket money if you will. And as long as the fees stay low it will be heavily used by the poor. The best part seems to be that once people are familiar with the whole cryptocurrencies and realise that you can change and do not have to stay forever with one. So if the people decide the fees are getting to high, they can just switch to the next one. This might bring the negative aspect of having a couple smaller cryptos which can be seen as inconvenience, but bring the positive aspects of a free market and competition, that would provide low costs and innovation.

May your words come true. Poor people sending remittances would definitely be affected but hopefully by the time the fees begin to match those of traditional money transfer methods altcoins are already a viable alternative to btc and have the same level of support, for example when it comes to cash-out options.

[talkbitcoin]

i disagree with the subject being like this because bitcoin transactions are still cheap which makes bitcoin still for everyone. but at the same time we can't ignore the problem at hand which is small block size and inability of bitcoin to handle all these transactions which is making the fees go up.

we are a long way away from those scary pictures but if we continue down this path of fighting over control instead of developing bitcoin we will get there.

[zend7]

You are totally wrong. Bitcoin is not for the riches or the poor, it's not divisible like the services you are mentioning. Bitcoin is decentralized , that means no one controls it, different from the services you have put up in your pictures.  Rich and poor have nothing to do with it, Bitcoin is for everyone who likes this technology. Some adopt it immediately and are happy with it(that blonde in first class), some continue to use that train in your last picture (i.e use FIAT).

[Arvydas77]

You are totally wrong. Bitcoin is not for the riches or the poor, it's not divisible like the services you are mentioning. Bitcoin is decentralized , that means no one controls it, different from the services you have put up in your pictures.  Rich and poor have nothing to do with it, Bitcoin is for everyone who likes this technology. Some adopt it immediately and are happy with it(that blonde in first class), some continue to use that train in your last picture (i.e use FIAT).

I agree with you that Bitcoin is not for the riches or the poor people. All the dynamics shows that Bitcoin is the best for speculators and continues to rise only because of that pumped harder by media hype. Also the so-called Bitcoin angel investors are concerned about the price BTC, naturally, they are trying to push it up. But Bitcoin is not suitable for microtransactions and mass adoption. Other crypto will take a lead in the future. Created or still to be created in the future. 

[shamzblueworld]

I agree to the topic and of course as you said that is the case with almost everything in this world. But one hope or silver lining for people with less money is that bitcoin can make them quite rich. It has done so already to many people and can certainly make anyone rich overnight(maybe not exactly overnight). So although there are some benefits for  having money, its not a losing cause for poor people either.

[NeuroticFish]

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Actually yes and no.
If you are poor you will change Bitcoin into local currency and goods very fast because you need them.
Else you afford to keep the Bitcoin in the wallet long enough to get nice profit or even buy or trade.
It's not that much about rich and poor, it's about poor and not so poor (which is way different from rich).
And even less about tx fees. If you are poor you will optimize your transactions to not pay those fees.

It's just another asset. Yes, many poor people come thinking of Bitcoin as the seed for the tree with gold leaves. No, you have to work for it, you have to be smart about it, you have store or "buy low sell high", concept indeed, not for the poor. More for the middle class imho, since imho the rich should be busy managing their money, not investing in something so new, uncommon and highly volatile (ie risky).

[carlisle1]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

well that's the good thing that bitcoin can bring to people's lives even if they are poor but at least they have a good knowledge regarding with the technologies and they are exploring to the broad of the internet then that would be their advantage . going back to the year 2009 each bitcoin only worth 0.0001 USD according to some article that I just read while ago on reddit, and with that value if they bought a bitcoin back in that days with a few dollars then they will surely become a millionaire if they kept it since the day after they bought it. it's great that they belong to the people who have become successful with bitcoin .

[paul gatt]

I totally agree with your opinion, an absolutely correct thinking. High cost of your transaction will be implemented quickly, in contrast, cost will not be processed, and the situation was so clearly happening, more than 60000 transactions not confirmed, all payments freezes, and if you are a rich person, you will not have to wait. Blockchain are making a distinction between rich and poor. This is worse

[philiveyjr]

The situation with the Blockchain lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

This is how the Blockchain is for poor people :


And this is what it is like to have enough money to pay the higher fees :



The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :


Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

As of now, I still think that bitcoin is affordable for transactions for anybody. Be it rich or poor. Its not like it takes forever to confirm a transaction and it still takes lesser time than a lot of banks when it comes to international transactions and also the fact that its still cheaper.

[requester]

Bitcoin is making me rich day by day before my PC was having only 2 GB DDR3 ram but now I have 4GB DDDR4 ram and it was all possible because of bitcoin. and now I am dreaming of buying 12 DDR4 ram and all these credit goes to bitcoin it had made my day by allowing me to earn my pocket money which my parents couldn't give

[piloder]

Accepting smaller amount of bitcoin from different transactions and trying to send them out will cost pretty much high due to big size of that transaction but for normal 1 input = 1 output transaction with size less than 200 bytes 20000 satoshi or even less fee is enough to get confirmed within next block.

Sending 1000$ through paypal will cost you anything around 30-40$ in fees
Sending 1 BTC will still cost you only 0.20$ so bitcoin is still way cheaper than other payment processors.

[neochiny]

Every technology favors the rich! why not become one? it ma not be easy but not all millionaire
became a millionaire in one night.

If you keep whining about being poor and not being able to afford everything that
you want or treated differently because you're poor then why not make bitcoin as a
stepping stone to becoming rich surely there are bitcoin users who became rich because
of bitcoin right? 

[bitbunnny]

The perspective that Bitcoin is for rich comes from fact that the Bitcoin price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn Bitcoin, not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

[jovs]

Every technology favors the rich! why not become one? it ma not be easy but not all millionaire
became a millionaire in one night.

If you keep whining about being poor and not being able to afford everything that
you want or treated differently because you're poor then why not make bitcoin as a
stepping stone to becoming rich surely there are bitcoin users who became rich because
of bitcoin right?  

This is why bitcoin isn't only for rich people. It can be used by poor people to become rich. It gives an opportunity for poor people to get a sideline that would help for assistance in making a business or paying such bills. In bitcoin, everyone is equal. There is really no favor for such one person. Only we ourselves have the power to make ourselves from poor to become rich. Use this platform to create an innovations that would suceed in the future.

[Juggy777]

I partially agree with op here. There is no doubt that those who pays the fees get vip treatment but then the people are not really rich. They earn like we do and pay a price I would not call them rich just as of now, I would rather call them smart as they have learnt the art of making more money than we have, otherwise they would not be able to afford the fees. Bitcoin was never about the rich and poor. The core values were a decentralised currency and people are free to choose to earn it or pay fees with it so for me they are not rich at all ya but they do get vip treatment cause they can afford it.

[AUDREY23]

that's what sets it apart where the position of people in a brighter financial future and that barely fit, from the image had been seen if we a lot of money a lot of convenience gained, another case with barely fit to be willing to queue up and jostle, therefore bitcoin was created in order to equalize the difference mentioned

[Zadicar]

The perspective that Bitcoin is for rich comes from fact that the Bitcoin price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn Bitcoin, not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

You are right bitcoin now on its price we could really say that it is really expensive for now and a normal or average person and yes only rich could able to afford to buy it but same as you said there are lots of ways on how to earn it without the need of buying it and those things you already mentioned.

[Ewinsane]

The perspective that  is for rich comes from fact that the  price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn , not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

i don't think that it is only for rich and i think the price of the  doesn't matters on this issue..... i think there are many platform which you mentioned above from which anyone can earn a decent amount of it......

[Babayega31]

Well, I think that bitcoin is not just for the rich but the poor also could earn and use this kind of currency. We could not be sure that a poor has no ability to gain profit with bitcoin and I believe that there's a lot of poor people has intelligent minds which can do competitions with even richer bitcoin earners. Those poor people will be more hardworking for money and their experiences will be used in achieving goals for digital currency future success as a user and investors.

[abel1337]

Well, I think that bitcoin is not just for the rich but the poor also could earn and use this kind of currency. We could not be sure that a poor has no ability to gain profit with bitcoin and I believe that there's a lot of poor people has intelligent minds which can do competitions with even richer bitcoin earners. Those poor people will be more hardworking for money and their experiences will be used in achieving goals for digital currency future success as a user and investors.

I agree , not all bitcoin user is rich , It is like me I'm in a middle class zone , I'm not too rich and I'm not too poor , it's just we can gain something but we need to save and earn money to gain something. Im using bitcoin to earn extra income , maybe it can qualify for me as a job because I earned money here more than my real salary.

[Kakmakr]

The situation with the Blockchain lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Idk, recommended miner fees as of now are still low (ranging from 30 cents) compared to credit cards that have processing fees of like $5 above. If bitcoin favors the rich then fees should be skyrocketing with like $2 per transaction.

Agreed, but at the rate it is going now we will soon see those prices. The $0.30 US can buy a loaf of bread in say, Afghanistan at $0.24 <2014> See : http://www.nationmaster.com/country-info/stats/Cost-of-living/Prices-at-markets/Loaf-of-bread/Fresh,-white

My point is, the whole system is engineered to favor the rich and if you are getting paid in US dollar, then $0.30 would not be a problem.

Bitcoin is supposed to be a <cheaper> alternative P2P cash payment network, but it is not. The majority of the poor people will transfer small amounts. So this adds up to a lot of money if you stack these transactions up and when you convert it to a local <3rd world> currency. < Example : 5 tx's per day @ $0.30 per tx = $1.50 x 30 days = $45 monthly = 187 loafs of bread in Afghanistan > <== You can feed a whole village on that.

Do not think in terms of 1st world currencies, when you think of Bitcoin fees, because there is a world of difference between 1st world & 3rd world currencies and what you can buy for say $0.30.

 

[e-coinomist]

The perspective that Bitcoin is for rich comes from fact that the Bitcoin price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn Bitcoin, not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

"Bitcoin price is currently very high" which makes one fell is both cheerfull and troubled somehow. A thousand dollars are not unaffordable for people originating from industrialized countries. And comparing world's population against total amount of available coins one should not even think in "whole bitcoin denominations".
I once owned just a half one, and that has been like hundred dollars back in those days.
So the questions isn't at all about if thousand is much. More about if it can be sustainable. Usually we reached that level only on short spikes, not prolonged timespans lasting days.

[margarete11]

Hello I am a poor but I am still using bitcoin , I know where are you getting from that only rich person can afford a fast transaction due to they can afford to spent huge for mining fee well basically its right but transaction time in not important , what important is it gets confirmed even I just sent a low fee compare to the high paying fee we will have the same output in no time , what I sent they received ,what they send I received that is very simple logic of bitcoin and that is not dependent on the transaction/Miner Fee .

[Wandering Soul~]

The rich-get-prioritized-first situation is always been in our society despite the equal treatment projects going on for years .
Waiting for that to be realized will take too long so the trick should be to accept and adapt through it . Make the situation right now a motivation to move to the upper class as there are many ways to earn . But the miner fees are so cheap . If you're transacting frequently . Pick the urgent transactions that requires high fees and the others who are left should be payed with normal fees ranging 20-30K satoshis .

[Betwrong]

I do not think it is for the rich. Why would it be? Fees are not a big problem because we actually have a choice. You can pay $10, $1, $0.10 or $0.01 in fees.. if you wish, you can go even under that amount. I am not rich and I afford using Bitcoin without problems. Many of us here are actually not rich.

I agree. Normally I pay around $0.2 for transaction and it gets its first confirmation in 10 minutes. Yes, there are some exceptions, but only in rare cases. And of course it is possible to pay much less than $0.2, but it's risky in my opinion unless you are ready to wait 30 hrs for the first confirmation.

[CraigWrightBTC]

I don't think so, although the fees transaction is increasing but (not all the amount of bitcoin be sent become fees)
and the value in bitcoin is increasing too, we can see bitcoin's price is increasing.
so bitcoin is for every one the poor people can put the money in bitcoin without losing the value
is like put the whealty in fiat money because of the inflation.

[d@nte]

Why not the poor? hah, mostly poor people are trying to do some illegal activities and bitcoin is great thing for illegal payments, they become rich after that. Paypal and some etc cards have monthly fees (as I know and also mine has) and bitcoin isn't depended on bank, wallet can be saved in computer, hard drive and etc, plus it's better for investment, I mean buy bitcoins and save it for some months or if you have nerves, for years.

i think most of the people who are involved in illegal activities do not have any knowledge about bitcoin. i think using bitcoin for illegal activities may be very rare. those people are financially weaker and still want to earn money using legal ways they have good opportunities to use bitcoin and get good profit from it. they just need some skill, either as designer or some other working skill and they can find good job in bitcointalk.org. and can get good money.

In fact, I think that most people who engage in illegal activities still prefer to use fiat currencies instead of using Bitcoin. Also, I think Bitcoin is not as anonymous as some people think, that's why there are coins like Monero, and other coins being developed to provide better anonymity.

[sir.humus]

Rising Bitcoin transaction fees is good for the network. Low transaction fees are unsustainable as they do not provide incentive for miners to continue processing transactions.
Right now, we have subsidies, so we don’t really need any transaction fees, because of subsidies, miners are willing to mine. But later on, as the subsidy goes away, we definitely need to figure out a balance between miners and users of the network.

[jtipt]

I do not think it is for the rich. Why would it be? Fees are not a big problem because we actually have a choice. You can pay $10, $1, $0.10 or $0.01 in fees.. if you wish, you can go even under that amount. I am not rich and I afford using Bitcoin without problems. Many of us here are actually not rich.

I agree. Normally I pay around $0.2 for transaction and it gets its first confirmation in 10 minutes. Yes, there are some exceptions, but only in rare cases. And of course it is possible to pay much less than $0.2, but it's risky in my opinion unless you are ready to wait 30 hrs for the first confirmation.

The fees are not much a standard 80sat/byte usually confirms the tx within 10 to 15 minutes. If you are impatient, then a little higher fee like 90-100sat/byte might confirm it sooner but since the average block time is around 10mins a faster confirmation cannot be guaranteed.  

[megynacuna]

The situation with the Blockchain <higher miners fees> lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

This is how the Blockchain is for poor people :




And this is what it is like to have enough money to pay the higher fees :



The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :



Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Edit : For the people who are too lazy to read the content of the thread, we are talking about the miners fees, not about the price of Bitcoin. ^grrrrrrr^

The situation is alarming guys, we need to do something before it's too late, the monetization of Bitcoin transactions must stop do that all can have free and equal access to transaction confirmations. I will suggest a thorough review and if possible a reverse of the current rates if possible.

[positivezero]

Honestly i dont understand why bitcoin is for the rich and not for the poor, since bitcoin is an open source then of course many people can know about bitcoin, not only for the rich but also for the poor. Bitcoin is a kind of currency that will help to the people earning some money especially for the poor, this is the chance for them to have some money even in a simple way.

[romero121]

The perspective that&amp;nbsp; is for rich comes from fact that the&amp;nbsp; price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn , not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

i don't think that it is only for rich and i think the price of the&amp;nbsp; doesn't matters on this issue..... i think there are many platform which you mentioned above from which anyone can earn a decent amount of it......

In reality bitcoin is truly for the rich and very few in the poor category using bitcoin for their needs and earning. Without investing, earning good from bitcoin is not at all possible. So poor people using bitcoin is something which can earn a small amount for few bills.

[jakelyson]

That is just the way the world functions, even on cryptocurrency. The rich will always have the advantage since they have more spending power. Anyway, the fee is not yet that high anyway. I spend 65sat per bytes as fee and it got confirmed with in 20mins. That is good enough for me. Not too expensive, not too long wait.

[pedrog]

There are a lot of alternatives to bitcoin, some are quite stable and more suited for small and fast payments, you don't have to depend on bitcoin.

So you are suggesting that we should switch because now fees are 10 cents too high? It is not the way of fixing things.
Bitcoin miners should realize soon that current situation is not exactly favorable for bitcoin's community.
Which in the end will cause miners to lose money too, less overall transaction equals less bounty from fees.

You don't have to switch anything, you can do whatever you want.

As you can see with the bitcoin price right now, fees aren't really a problem, miners are happy and everyone is happy with increased value, some use cases are price out because increased fees, in these cases people don't need to be stuck with bitcoin and go out of business or lose a lot of money to transfer small amounts of money, there are plenty of other alternatives out there.

[Gembul]

I do not think it is for the rich. Why would it be? Fees are not a big problem because we actually have a choice. You can pay $10, $1, $0.10 or $0.01 in fees.. if you wish, you can go even under that amount. I am not rich and I afford using Bitcoin without problems. Many of us here are actually not rich.

Agree with you, I personally not rich people who use bitcoin. almost 3 years using bitcoin and have never having problems related to my poor or rich. you might think bitcoin too relieve the rich because only burdened fee small and without taxes. but the other hand it is also fun poor people because relieve they also. thank you.

[mrjoy15]

The perspective that&amp;nbsp; is for rich comes from fact that the&amp;nbsp; price is currently very high so only rich ones can afford it. But I wouldn't agree with that because you can also earn , not just buy it and that is available to everyone in different forms like freelancing, trading, signature campaign, even gambling if you are lucky and smart enough to stop on time.

i don't think that it is only for rich and i think the price of the&amp;nbsp; doesn't matters on this issue..... i think there are many platform which you mentioned above from which anyone can earn a decent amount of it......

In reality bitcoin is truly for the rich and very few in the poor category using bitcoin for their needs and earning. Without investing, earning good from bitcoin is not at all possible. So poor people using bitcoin is something which can earn a small amount for few bills.

Exactly that's I'm also believe.You are poor that's mean you can't afford such of big amount for investment/unable to afford or others purposes so you guys can't expect big return from it.As a result,you are limited in tiny income which only meet up yours mobile bills or something else.In future,its not guaranteed that Bitcoin will be the solution a good live like rich peoples has belonged.

[avikz]

I somewhat agree with your point about the miner fees, but that is everywhere in this world. You pay a better price for the services, you will get red carpet welcome. Or else you will have to suffer. Be it airlines or be it trains.

But considering the fact, that bitcoin is way more costly than any other crypto currency, this little fees hardly bothers people unless and until you want to transfer a very small amount. But for bigger amount, bitcoin fees is nothing. There are many people who are millionaire now becaue of bitcoin, I don't think they would mind to pay such miner fees for confirming the transactions they undertake.

[Vikingr]

Due to the fees of bitcoin transaction you are saying that bitcoin is for rich and not for poor? then tell me for whom the banks and other remittance institutes where amount 1000% higher fees is collected for the transaction compare to bitcoin fees. I think you have to compare its fees with your other older payment methods.

[Pettuh4]

The fees are so high and I don't know what the miners even do differently to warrant so much? It's gradually creating a gap between the rich and poor and there's the need to look at it again.

[noormcs5]

Oh, I see and I get the point of OP,we cannot really deny the fact that if you can pay high fee you can get your money instantly unlike making and paying just minimum amount for fee you gonna wait for almost hours before you get your money in your wallet. But then the title did not matched to topic, the bitcoin is for all, whether you are rich or poor as long as you can provide things that needed to access bitcoin.

[BrewMaster]

sadly this is turning into reality for bitcoin, and some times it almost feels like miners and developers don't care about these issues. and despite all the nonstop talk about "block size debate" so far nothing has changed.

[webtricks]

Seriously!! I mean paying miner fees will widened the gap between rich and poor!
OK, tell me one thing. Poor is poor, if he couldn't pay higher fees, he doesn't even trade the higher amounts. And paying fees 0.0001-0.0005 BTC behind transaction worth 0.01-0.05 BTC is still the cheapest than lethargic banking system! If you can't imagine poor paying several bits in fees then don't even imagine him trading 4-5 BTC! BTC is currency meant to curb high banking fees and it is successful by now!

[crairezx20]

I think for me its not a problem to pay for high fee just they improve the speed of the transaction and delay ..
Since this is the only problem of our transaction every year the fee is increasing and if you are paying low amount of fee your transaction will slow depends in the size of the transaction.. like other said this is still no end block size debate..

[jaberwock]

Bitcoin is for the hodlers, so they won't lose everything with miners fees.

Bitcoin has not been designed to be constantly moving around with no reason, but to be some kind of reserve currency, like gold

[savioroshan]

Offcourse bitcoin is not for the poor. Bitcoin cannot be purchased by the poor. Look at the bitcoin's price .By paying so much price how can a poor buy the bitcoin. Why speaking about the poor even a middle class average man cannot afford the bitcoin.Bitcoin is made for the rich person to become more rich.Ah if one knows to mine , he can get bitcoin by mining. But still I has to pay high amount of electricity fees as well as need expensive equipments. In my opinion bitcoin is not for the poor , its for the rich.

[allthingsluxury]

There are lots of alt coins out there atm that could fill your needs. This is true is almost every aspect of society, and is what it is. I don't believe it to be an evil thing.

[Superzpay]

If someone will have bitcoin then he will not be poor as he will earn a good income with bitcoin and will be able to pay the fees of transaction the same as other rich people pay. I myself now earn a good income from bitcoin and now I am not caring for the higher fees of bitcoin transaction etc. So bitcoin is same for everyone.

[Daniel91]

If someone will have bitcoin then he will not be poor as he will earn a good income with bitcoin and will be able to pay the fees of transaction the same as other rich people pay. I myself now earn a good income from bitcoin and now I am not caring for the higher fees of bitcoin transaction etc. So bitcoin is same for everyone.

It's ideal scenario but not for everyone.
Some people will just try to collect some free btc through faucets, some games etc.
So, for them, any fee will create problem.
It seems that fees increasing and confirmation period is longer day by day and I don't like it.

[chaser15]

It's ideal scenario but not for everyone.
Some people will just try to collect some free btc through faucets, some games etc.
So, for them, any fee will create problem.
It seems that fees increasing and confirmation period is longer day by day and I don't like it.

That is their problem anymore. Then try to find to maximize their bitcoin earning knowledge and not only stuck at the idea of getting bitcoin through faucets or whatever micro earnings method is that.

Oh, I see and I get the point of OP,we cannot really deny the fact that if you can pay high fee you can get your money instantly unlike making and paying just minimum amount for fee you gonna wait for almost hours before you get your money in your wallet. But then the title did not matched to topic, the bitcoin is for all, whether you are rich or poor as long as you can provide things that needed to access bitcoin.

No it's not always an instant even you pay a higher fee. Remember that bitcoin transactions are continous and most of them have higher fees. We can see that it was just making the line of priority so much long. In other words, first come first serve depends on the fees lol.

[babsalt1975]

The situation with the Blockchain <higher miners fees> lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

This is how the Blockchain is for poor people :




And this is what it is like to have enough money to pay the higher fees :



The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :



Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Edit : For the people who are too lazy to read the content of the thread, we are talking about the miners fees, not about the price of Bitcoin. ^grrrrrrr^

I like the way you have illustrated the bitcoin blockchain issue. It is very true that when you have enough money, you will get first class service, and when you less money, you have to scramble with the rest for the same service. Like in the past one month, the blockchain has been clogged by transactions with smaller fees and it could take a whole day for a transaction to be confirmed. Paying higher fees guarantees that your transaction gets confirmed within a very short time.

[fikihafana]

i guess it will be always like that no matter currency, money will make money, rich will richer

[SvenBomvolen]

   Bitcoin as another currency is for all of us, but people with more wealth can earn more, and they can spend money in every form on fancy things, privilege of the rich people.
   Its the system, we cant beat that, we can only try to find a way to get rich.

i guess it will be always like that no matter currency, money will make money, rich will richer

And bitcoin cant do nothing to change all that.

[Kprawn]

Yea, it might look like Bitcoin is getting more expensive, but this is just while we are under a spam attack... things will soon return to normal and

then everyone will be paying lower fees. I do not know how long it will take for these people's funds to run dry, but they will eventually run out of

funds to spam the network. We might also see some scaling solution soon... so let's not run into senseless conclusions like this. 

[cpfreeplz]

Hahahahahahhaha. I must be fucking rich. I just spent like 15 cents on a transaction. Only peasants spend 5 cents. Holy shit it's like anything else in the world, higher fees will take priority. There's no rich or poor it's just being a cheap bastard vs paying what you need to for the TX to go h in a decent amount of time. You can still pay your 20 sat/byte. Just don't expect it to be a priority transaction. Fuck you whiney butches are annoying. It's still the cheapest way to send money. Let us know if you find a 100% efficient method to send coins overseas with a zero fee that can be produced millions of times.

[Victorycoin]

Well to an extent maybe, I suppose the transaction fee for 50 million btc is the same a 0.0005 btc. But it's not like the current fee problems are eternal, and the fees are still lower than other fiat options.

That's true, fee is still lower compared to fiats, but cheap fee is one of the corner stones of Bitcoin and now it has started to increase, if not properly addressed, someday there would be little or no difference with fees we see with the fiat currencies. It should be called to mind, that the root cause of the myriad of problems confronting our financial systems in the first place, is the fact they were structured to favor the rich to get richer at the expense of the sweat and blood of the poor. My belief however, is that Bitcoin is different and actually came to address all those anomalies. Bitcoin is classless!

[daddybios]

It is not necessary to shift all their misfortunes on somebody else, country, power, fate, miners fee... Poverty is a deliberate choice of the person. Bitcoin is also not a curse. That's all I wanted to say.

[BitcoinBarrel]

Yes because free market isn't "fair". You can afford a computer, internet and have the knowledge to use Bitcoins (not to mention having the BTC for the transaction) yet complain about a measly 10-20 cents?

[dothebeats]

The thing is, even though the fees are increasing for the current time, still we can't deny the fact that these increases for the fees are still sustainable and still is nice for moving large sums of money. Though it sucks that it would take a couple hours before you get your tx confirmed if you pay for a small sum but it is what it is; you get the service that you paid for.

[South Park]

The situation with the Blockchain <higher miners fees> lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.

This is how the Blockchain is for poor people :




And this is what it is like to have enough money to pay the higher fees :



The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :



Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^

Edit : For the people who are too lazy to read the content of the thread, we are talking about the miners fees, not about the price of Bitcoin. ^grrrrrrr^

That is the way any new technology begins, at first cell phones were big and very expensive, you needed to have a car and 3000 dollars, which was a lot more money back in the day to have one, now they are really cheap and affordable to more people, give time to bitcoin and it will eventually be able to reach the masses.

[Creepings]

That my friend is the sad part of our world. Everyone I mean anyone would really favors the rich and I think the technology is till swinging in favor of them. Who can buy good gadgets, who can buy sweet cars, who can buy houses with voice recognitions, who can have a WiFi in their houses, rich people are. Mostly poor people are satisfied with the simple things that they have because they are more humble than the rich, and mostly they are the most helpful than the rich.

[LeGaulois]

The guy is talking about the fees, not about the bitcoin price and if bitcoin is for rich or poor.
Nor the technology used or what friends are able to buy  as gadgets ect, it's not the point... He got a point and summarized pretty well with the images. I found it funny, better than a long text article. It's true the fees are making 2 different groups

[franky1]

the problem of fee's is the old 'priority mechanism

(input_value_in_base_units * input_age)/size_in_bytes
target = 57,600,000

where someone with say 10btc($10,000)

100000000 *144 / 250 = 57,600,000 - gets priority

but someone with just 1btc($1000) with the exact same 'bloat' has to wait 10 days.
but someone with just 0.1btc($10) with the exact same 'bloat' has to wait 100 days.

the other thing is sgwit solves NOTHING
malicious spammers and scammer even after segwit activation will avoid using segwit keys. and so they can still bloat, malleate and spam the network.
malicious spammers and scammer even after LN public release will avoid using LN contracts. and so they can still bloat, malleate and spam the network.

rather than segwit. which only benefits those that use segwit keys (meaning malicious people just avoid segwit keys to remain malicious)
rather than LN. which only benefits those that use LN (meaning malicious people just avoid LN to remain malicious)

i see a new 'priority formulae' being used onchain of bitcoins mainnet.
this is what i see as the logical punishment for bloating/respending spammers. whilst rewarding moral normal transactors, whether rich or poor

one which includes a CLTV voluntary option. where users gain priority points if they voluntarily agree to put their funds into a 1-day maturity. but those avoiding the one day before respend or have bloated transactions pay more to get into a block sooner.

EG
if you really need priority you agree that once confirmed you cant respend for a day.
it also means you can be selective of priority. by only putting a 142block wait if your happy to wait a couple blocks because it wont be priority for a couple blocks by not paying quite enough fee. allowing the age/maturity/fee variables to give a better flag of desire.

obviously those moral users that actually need to spend more than once a day could see the niche of LN as a way to transact often and cheaper.
and those that dont spend every day get priority and not need LN or to CLTV mature funds, because they are not spending everyday, anyway.

here is one example of a formulae that does not care about how much people are spending (not a rich gets priority, poor are victimised old formula), but rewards people willing to wait a day, have lean transactions. and penalises those that want to respend often or have bloated transactions



basically
if your transaction is 2x a lean tx. you pay twice as much. if 44x a lean tx you pay 44x
if you dont want to mature your funds for 144 blocks and only want to wait 1 block you pay 144x.
if the tx is both 44x bloated and wants to respend the very next block after getting confirmed then it costs 44x*144X


though my formulae is not finalised or perfect for every utility. i see how changing the priority formulae can cause more benefits for good people and penalise the bad, without making it used just to be snobby about rich vs poor. due to it no longer rewarding the rich with points just for being rich, which the old formulae done

[buwaytress]

Perhaps not using the choiciest of words (or perhaps this is franky's deliberate choice!) but I am all for a revision, or at least, a reexamination of the fee formula(e).

Yes, it represents among the lowest of digital currency but that simply means it's the best among competitors. There needs to be more incentive for miners to mine lower priority txs... not just with coins?

[Kakmakr]

Hahahahahahhaha. I must be fucking rich. I just spent like 15 cents on a transaction. Only peasants spend 5 cents. Holy shit it's like anything else in the world, higher fees will take priority. There's no rich or poor it's just being a cheap bastard vs paying what you need to for the TX to go h in a decent amount of time. You can still pay your 20 sat/byte. Just don't expect it to be a priority transaction. Fuck you whiney butches are annoying. It's still the cheapest way to send money. Let us know if you find a 100% efficient method to send coins overseas with a zero fee that can be produced millions of times.

Arrogance is surely one of your strong points, you must be an American. ^lol^ Bitcoin is not just about remittance, you idiot, it is a payment network. If we wanted free transactions, we can sign up with Xapo or one of those services that offer off-chain solutions, but then we have to sacrifice privacy and security. < centralized service are less secure & and has to adhere to AML/KYC regulations >

At this stage, even M-Pesa is looking better than Bitcoin. The whiney bitches < or butches?> of the world, will fill your big pockets even more, because there are billions of them out there. < but I reckon, they are supposed to be excluded, because they do not count? >

[Senor.Bla]

I really wonder how people post in this Thread opinions like "It is just xy cents. Who cares? That is nothing...". There is a bigger picture to it. Just because you do not see it, does not mean it is not there. The best part is when the same people post hoe great Bitcoin is, how bright its future will be. They mention the coming mass adoption and the low fees.
The fees are rising and this will continue with a growing user base. Ironically it is a good thing for the rest of the users, if the poor have to drop out because of to high fees, as the drop in users will be a small relief to the growing user base. But this is still not a good thing. Also Banks and other Payment systems are not just watching, they are developing them ad their solutions too. The head start Bitcoin had with its fast and cheap transactions is melting and lately Bitcoin is running in the wrong direction. 

[poplolnman]

The thing is, even though the fees are increasing for the current time, still we can't deny the fact that these increases for the fees are still sustainable and still is nice for moving large sums of money. Though it sucks that it would take a couple hours before you get your tx confirmed if you pay for a small sum but it is what it is; you get the service that you paid for.

if you compare bitcoin fee with another altcoin transaction fee you will see a contrast difference on what op said was unfortunately correct , for examle look at dogecoin , it provide very small transaction fee as low as $ 0.00025 ! see? sometimes people move to altcoin because of this situation and also a very long time your transaction to be confirmed often recently.

[hajimasan]

no that much expensive if we compare it with fait currency and its online transfer process. and poor people would not have laptop or smartphone to use bitcoin and they would keep away from bitcoin. but while transacting in bitcoin we pay only $0.5 for $30 so its not that expensive the we think and obviously spending $1 and $2 with bitcoin is foolish act.

[ReLieD]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

Well it's kinda hard to believe that your poor friendS became so rich that they can buy houses because of bitcoin.
That's kinda hard to believe infact impossible to believe.
Well they can have enough money to live a basic life for around 10 years or so depending on the amount of bitcoins they have.
Well in the year 2009 when bitcoin was not even trusted that much , how much did your poor friends buy bitcoin .
A max of 20 or so.
Well that's around 20k USD and with that money you cannot buy lavish things for yourself.

[vnvizow]

Bitcoin doesnt go that way. I have friends who are poor who are now millionaires due to bitcoin. With just a few dollars they bought bitcoin last 2009 and some collect religiously in faucets to get more. And right now they are millionaires they have huge houses. Bitcoin is for the people who believe in the power of bitcoin. I am not rich yet I do bitcoin and with bitcoin I have met many online opportunities and that gave me hundred of dollars additional profit which is very helpful to my family. Thanks to bitcoin I dont have huge debt today.

Well it's kinda hard to believe that your poor friendS became so rich that they can buy houses because of bitcoin.
That's kinda hard to believe infact impossible to believe.
Well they can have enough money to live a basic life for around 10 years or so depending on the amount of bitcoins they have.
Well in the year 2009 when bitcoin was not even trusted that much , how much did your poor friends buy bitcoin .
A max of 20 or so.
Well that's around 20k USD and with that money you cannot buy lavish things for yourself.

Tell that to the miner who threw away a harddrive with a wallet containing 1500 coins back in 2009 cause he didn't believe in bitcoin's potential and then searched in the dumps for months. Or the guy who paid 50,000 bitcoins for a pizza way back.

[Amph]

Yea, it might look like Bitcoin is getting more expensive, but this is just while we are under a spam attack... things will soon return to normal and

then everyone will be paying lower fees. I do not know how long it will take for these people's funds to run dry, but they will eventually run out of

funds to spam the network. We might also see some scaling solution soon... so let's not run into senseless conclusions like this. 

are you sure this is a spam attack and not a genuine increase of the numbers of transaction per seconds? there is even a way to tell this? i don't think so

if they are still doing all these spam attacks after so many time it only means that it is actually "profitable" to do and they have no real incentive to stop

also it doesn't make sense for the miners to increase the fee because of spammers, when the spammers are actually spamming because fee is high and bitcoin don't scale, see the nosense...

[ASHLIUSZ]

In one of the quote its been described that his friend a poor guy became rich through bitcoin. This happened due to the price difference that took place from 2009. In my view such scenarios are very rare, because at the early days only few people knew about it and the potential is realized by the users few years back. At that time rich people were found much into it as they have good capital. Now little by little poor people were getting into bitcoin network.

[Senor.Bla]

In one of the quote its been described that his friend a poor guy became rich through bitcoin. This happened due to the price difference that took place from 2009. In my view such scenarios are very rare, because at the early days only few people knew about it and the potential is realized by the users few years back. At that time rich people were found much into it as they have good capital. Now little by little poor people were getting into bitcoin network.

Back in 2009 a Bitcoin was just worth cents, so you could buy a bunch for just a few Bucks. Depending on where he bought the house the price he paid could be also low. If he sold at the peak then even 10 Bitcoin might be enough. So it is possible, but here is what seems off. In 2009 nobody was buying Bitcoin (The famous Pizza was sold in 2010), You could easily mine it and i do not know about any exchange in 2009. Also most of Bitcoin was happening in the US, which makes the whole buying a cheap house theory harder. Also he would have needed the luck to sell at the right point. But life is funny, so why not.
Your other point, that only rich people where involved at the beginning seems wrong. I think it was mostly the middle class. For the rich Bitcoin was surly looking like a waste of time back then and not worth putting their money in this small experiment. In the last 2-3 year Bitcoin started to get their attention.
The poor on the other hand had probably better things to do as well and better things to spend their money on then this magic internet money.
But all this talk about rich and poor always begs the question where do you draw the line and how do you define both terms.
Just the other day i was reading that in the us about 43% new born babies are born into poverty. Nobody would expect this and it still is a difference to be poor in the us then be super poor somewhere else. These super poor will not be able to pay the fees. There are quite a lot of them and they would benefit from a secure and fee less money system a lot, but Bitcoin is to expensive for them.
Also another debate should be if even the poor that could afford Bitcoin, should accept the raising fees. I would say no. If it is possible to do it with almost no fees, then why settle for less? If Bitcoin can not or will not do it, then wait for the next thing that comes along and does that. It will only be a matter of time and maybe even replace Bitcoin.

[KuromaYoichi]

Well, things always like that in the world. Rich people have advantages because they can spend more money for something. You pay more for better service, in this case you pay more fee for faster transcation time. But i disagree if you said bitcoin is only for the rich, yes they have advantages but the poor also could earn and use bitcoin.

[iram3130]

Well, things always like that in the world. Rich people have advantages because they can spend more money for something. You pay more for better service, in this case you pay more fee for faster transcation time. But i disagree if you said bitcoin is only for the rich, yes they have advantages but the poor also could earn and use bitcoin.

Bitcoin is not only for the rich, Those who had trust in Bitcoins and bought it at the beginning are Rich now.. 
I agree that there are some problems going on lately but I guess Segwit is the answer for all those things.