Slow payments and fees solution???

[Wandering Soul~]

If I want to really want to save miner fees, I will have to make xapo which is an online wallet my wallet  which is a NO cause I'm not fond of it .  The current online wallet I use now is for just converting my bitcoins into my local currency .

Solving the issue about confirmation time and fees will really take a long debate because the system now has also an advatage for special situations where you want to prioritize your transaction as well as for the miners to have more income . Although what others have said in this forum about first come first serve is nice, we just have to set a minimum fee, I just doubt that miners will accept it .

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[Meowth05]

Yeah i just do this for a fast transaction pretty good you have a choice for your transactions if you wanted a fast transaction you can just pay high fees that pretty much fair for me and also a good feature for manu bitcoin wallets.

[ralle14]

Let me know what you think about xapo or your experience or opinion about it

I've used them before mainly because of the faucets but I eventually stopped after I found this forum.Afaik xapo should only charge you fees if you made a bitcoin transaction with a non xapo account. I don't think this is a good solution to save miners fee because you can't back up your bitcoin wallet on xapo, there's a chance your bitcoin could be stuck/lost once the site goes down. For group transactions I use blockchain/electrum to save fees.

[hologram]

Let me know what you think about xapo or your experience or opinion about it

I've used them before mainly because of the faucets but I eventually stopped after I found this forum.Afaik xapo should only charge you fees if you made a bitcoin transaction with a non xapo account. I don't think this is a good solution to save miners fee because you can't back up your bitcoin wallet on xapo, there's a chance your bitcoin could be stuck/lost once the site goes down. For group transactions I use blockchain/electrum to save fees.

All the online wallet transaction has been consuming 0.0004 btc for a single transaction. Are you sure that xapo is consuming less fees for transaction as a network fee as the mentioned amount is lower.
I noticed in blockchain, As every transaction has been completed there is some bits always remaining in the wallet. May I know, What's the reason for that.

[Sk_Ezaz]

Miner fee is compulsory.if you don't give minimum fees the transaction will take long time to confirmation. Use blockchain wallet for low fee or zero fee, . You can set your own fee, but if you don't give them appropriate fee its take long time to confirm the transaction.

[freebutcaged]

There is really no forcing people to keep using Bitcoin you know? there is a limit for every thing and the limit for people willing to pay fees is around $2 Personally I wouldn't use Bitcoin if I see that I can't afford it, I agree about all the decentralized and government free currency but will you pay more than what you are paying using traditional payment processors?
Everyone will eventually do some calculations and when they see there is already a service processing your transactions in less than a minute without any delays starting from 30 minutes and going as long as 48 hours, they will get cold feet, and then miners will remain with their useless and cheap stashes of coins.

Payment processors exist only to process your transactions unlike Bitcoin miners, they can chose to ignore your transactions, meaning there is no obligation for anyone to actually process your Bitcoin's transactions.

[Netnox]

Miner fee is compulsory.if you don't give minimum fees the transaction will take long time to confirmation. Use blockchain wallet for low fee or zero fee, . You can set your own fee, but if you don't give them appropriate fee its take long time to confirm the transaction.

The fee required for instant confirmation is rising, due to the increase in the number of transactions. Even the implementation of Segwit is not going to help in the long term. We need a permanent solution.

[LegendOF45]

This is a problem that continues to grow, the fair if more and more users then the transaction to be slow. I think this is a weakness of the bitcoin side because it does not anticipate the magnitude of the transaction.

[jonald_fyookball]

The solution is to petition the miners to raise the blocksize..right now they are a little unsure what to do  -- please tell them we want more capacity.  The core roadmap is not being accepted because core already lost the trust of the miners.... so lets just ask for 2mb hard fork, its very freakin simple.

[Senja Kemuning]

Here's the thing I love about our speed, i.e. it is not possible at low cost can make transactions fast. the solution to getting a fast transaction is cost.

[allthebitandbobs]

I just dont used bitcoin to transfer money unless i really have to .I used a altcoin with a lower fee and faster transfer time.If i am stcuk to use bitcoin i make sure i transfer alot at a time .Small transctions will kill you  with fees

[1Referee]

The core roadmap is not being accepted because core already lost the trust of the miners....

Miners not seeing a solution in Segwit (which indeed is not a solution) doesn't mean they have lost trust in the Core team - it's just something that plays in your mind, and that's it. Thing is that Segwit is by far the best option that we have right now. If the miners that signal BU support right now were really seeing value in BU, they would allocate enough hash power to initiate a hard fork. Let's be honest, if you have zero confidence in something, why would you not directly act and shift over to something that works better? In this case, simply because BU isn't better.

[DooMAD]

The solution is to petition the miners to raise the blocksize..right now they are a little unsure what to do  -- please tell them we want more capacity.  The core roadmap is not being accepted because core already lost the trust of the miners.... so lets just ask for 2mb hard fork, its very freakin simple.

I still think a static figure is shortsighted to put it mildly.  If there has to be a hard fork, let's make it one that doesn't result in the need for another one when we hit the new static limit later.  If people want to have all this drama repeated again in the future, then I have to assume masochism on their part.  The solution should be adaptive.  Forget the overly simplistic 'whole numbers' mindset.

[btccashacc]

Now recently i have seen many people complaining about the bitcoin transaction fees and the time to process payments. I have been using xapo as my wallet since starting and i also feel that this is the wallet for the solution to both of these issues.
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it

I was a xapo user but they locked my account for some reasons that i don't know what exactly it is so i leave it alone, but that's not a big deal since i didn't put all of bitcoins our there. Like people mentioned above it's not xapo's fault but the blockchain itself, i remember the time when we sent bitcoin simplest,faster and cheapest of course we didn't have to calculated how much fee to get fast confirmation, but now seems like annoying, i have tired to calculate how much fee should i use before do a transaction in order to get fast confirmation, i hope this problem will be fixed soon by the community.

[DoublerHunter]

I think the solution for the slow payments or confirmations and also the fees is having a lot more miners in the network to sustain the needs of the bitcoin network. We all know that the numbers of bitcoin users are increasing so it makes a lot of traffic from the network because of the transactions and the only thing that i know that can solve this problem is having an extra more miners in the network so the confirmation will be fast and the transactions will be faster and there is a possibility for bitcoin to charge a cheaper fee.

[Cherylstar86]

I think the solution for the slow payments or confirmations and also the fees is having a lot more miners in the network to sustain the needs of the bitcoin network. We all know that the numbers of bitcoin users are increasing so it makes a lot of traffic from the network because of the transactions and the only thing that i know that can solve this problem is having an extra more miners in the network so the confirmation will be fast and the transactions will be faster and there is a possibility for bitcoin to charge a cheaper fee.

Having more miners is not the right idea to have and is not a good solutions of slow payments fees, because it's a reverse psychology as what have mentioned. It will not help resolve network traffic but rather makes the problem worst, it will remain same as what non miners experiences. Blockchain networks slow payment fees has the solutions of making the services fast by means of improving the network speed, and must accept suggestions from the users so they maybe have transparency of what's been goin on; in order to make it fast payment fees transactions.

[Zadicar]

I don't use Xapo, but Coinbase wallet used the same system of free transaction and after some time they removed it, now you must pay fees there. I believe the same will happen on Xapo sooner or later, transactions can be free now for Xapo users, but aren't for Xapo itself. The only solution for this is a general solution that will afect all transactions, that is what community is trying to implement, but the opinions are divided yet about the best option.

Correct,ive been using coinbase in the past because they dont really charge you some fees when you make transfers of bitcoin into another wallet but later on they do already demanded some fees which i do really consider it too high compared on other wallet but still a good choice because it confirms in no time dont like on having smaller fees or not putting at all.I strongly believe this will also happen to xapo even though im not using it but later on it will surely demand some fees.

[OliynyK]

ive been using coinbase in the past because they dont really charge you some fees when you make transfers of bitcoin into another wallet but later on they do already demanded some fees which i do really consider it too high compared on other wallet but still a good choice because it confirms in no time dont like on having smaller fees or not putting at all.I strongly believe this will also happen to xapo even though im not using it but later on it will surely demand some fees.

It is only a matter of time that even Xapo starts collecting fees from its users as the fees are increasing they are loosing in money doing transactions and from what i understand they are not earning any profit by being a wallet,i am not sure how they are managing to put the fees,i would like to know how much money they are spending on a daily basis as transaction fees.

[Hypnosis00]

I think the solution for the slow payments and for the fee is can be done only by the core team of bitcoin because they know what is the best for bitcoin and they can fix it by applying some improvements for bitcoin. We just need to have patience for waiting for the fix and after that we can really get a faster version of bitcoin.

[susila_bai]

Now recently i have seen many people complaining about the bitcoin transaction fees and the time to process payments. I have been using xapo as my wallet since starting and i also feel that this is the wallet for the solution to both of these issues.
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it

Xapo is a web wallet and it is always not recommended to use web wallet to store your bitcoins, using this web wallet for faucet earning is good but storing the bitcoins is not safe.