It cost me $2 + 12 hours to send $25 in BTC now

[ProfessionalGoogler]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

[1714781369]

1714781369

[olushakes]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

I have ways maintained that if the people that matter concerning decision making when it comes to bitcoin could not do anything fast, I see other currencies taking over I could remember how a campaign could not pay as at when due because of high fees that would run in to several dollars until when everyone started looking for alternatives, and then the bitcoin they so much get greedy with becomes worthless in their own very eyes.

[peter0425]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

Well, this high transaction fee is really a pain now. That's why I believed some people are moving away from bitcoin because of this. And I speculate that some have already did, moving to ETH that is why the price of ETH now is so high. And its so hard to see that this is not yet resolved until now. So it might be possible that ETH can overtake bitcoin because of this issue.

[Thekool1s]

I don't know in which mutli verse you are living in but the last time i checked the average transaction fee for ethereum was around $1.4 for each transaction. So it doesn't matter which coin you use, you will end up paying the same amount of fees

[Qartada]

I don't know in which mutli verse you are living in but the last time i checked the average transaction fee for ethereum was around $1.4 for each transaction. So it doesn't matter which coin you use, you will end up paying the same amount of fees

Unless you use a coin with low fees (e.g. DOGE for as long as it doesn't have a high transaction volume, and IOTA if it works out right), in which case the transaction fees will be perfectly low.

If you want to use an altcoin to pay low fees, just use an obscure one.  Even if they're not scalable, they'll be cheap for now (e.g. Litecoin).

If you want security and you want to send high amounts, use Bitcoin.

[25hashcoin]

Blame Core.

[BTCIV]

If you want security and you want to send high amounts, use Bitcoin.

That is where Monero comes in place. Agree Bitcoin is in a though position right now, something needs to be done until it's gonna be too late.

[25hashcoin]

Still no one on the dev team considers this an issue?

Nope. No one cares. They would rather bitcoin implode on itself than do anything but their slimy segwit settlement disaster. They will even tell users to use fiat instead. Fuck Core.

[OROBTC]

If you want security and you want to send high amounts, use Bitcoin.

That is where Monero comes in place. Agree Bitcoin is in a though position right now, something needs to be done until it's gonna be too late.

Monero is one of the alts that may catch on, I am keeping an eye this one.  Note that I have never bought or traded any alts, so my comment means little other than Monero is designed for privacy, which IMO will become a more important issue going forward.

But, for making larger trx, BTC works just fine for me.  I pay up.  But, at some point, many people will abandon BTC if they don't fix the scaling problem(s).

It is receiving small payments that is the problem re confirmation.

[coolcoinz]

I don't know in which mutli verse you are living in but the last time i checked the average transaction fee for ethereum was around $1.4 for each transaction. So it doesn't matter which coin you use, you will end up paying the same amount of fees

That's true fees are going up along with the price of the currency, it's natural. Bitcoin fees are going up too fast because of block size issues it's facing, but if this gets resolved we'll still be facing the problem of rising fees. It may take a year or two, but eventually we'll go back to >$1 fees.
Ether is being hyped now, but it's not better. People are putting money there to profit not because it's revolutionary.

[Qartada]

Still no one on the dev team considers this an issue?

They will even tell users to use fiat instead. Fuck Core.

Anyone who did the slightest bit of research into this statement would realise that it is a lie.

Then use fiat. Pretty sure they'll charge you more than 0.5% for the same service.

He's suggesting that fiat fees are typically higher than Bitcoin fees when sending a higher amount.  Not to mention that credit card fees (in some countries), end up being even higher than that.

[baam25]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

I know, the fees are absolutely ridiculous. Something has to give!!!  

how can I convince my friends on the superiority of this technology when it costs this much money? Only the fat cats right now are getting rich, this technology should be for the masses

we have to fight back  

[buenav]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

I agree the fees are a problem but Ethereum transactions are starting to experience some of the same problems, namely that the fees are rising due to network congestion.

[raymond541]

fees now really problem for small amount sender.$2 is really high for who want to sending under $100.fees now seems like business Blockchain.info stop their multi send option.you can now send 1 wallet to 1 wallet.someone said up above sending 3 million dollar cost $2 well this good but how many people sending 3 million dollar?
I see every block have 90% transactions are under $100 transaction.if block size not increase bitcoin will fall in big trouble.

[25hashcoin]

This is why you should boycott Blockstream and their Core influence. They have a flawed vision of bitcoin: https://mobile.twitter.com/excellion/status/783994642463326208

[1Referee]

Ethereum will take over Bitcoin if this keeps up.

Ethereum fees are not that low either. Even stronger, they are increasing on a weekly basis. I am seeing +$1 fees being pumped through basically in every minted Ethereum block, and some transactions even top $3 in fees. Just wait for it, these fees will only increase in the coming months, where at some point people will start to change their mind about how cheap these fees really are...

[Pearls Before Swine]

Makes more sense to send fiat, wouldn't it?  I mean seriously, spending 10% just to pay for something or whatever, that's insanity.  It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees.  Did you need to do this transaction with bitcoin?

I'm quite tired of this myself.  The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee.  Others are just ripoffs.

[Pearls Before Swine]

Makes more sense to send fiat, wouldn't it?  I mean seriously, spending 10% just to pay for something or whatever, that's insanity.  It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees.  Did you need to do this transaction with bitcoin?

I'm quite tired of this myself.  The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee.  Others are just ripoffs.

[TryNinja]

This is why you should boycott Blockstream and their Core influence. They have a flawed vision of bitcoin: https://mobile.twitter.com/excellion/status/783994642463326208

I believe this tweet ends up passing a wrong view of what Samson really wanted to mean.

His answer to someone on the same chain of tweets: https://twitter.com/Excellion/status/784007812896714752
that's fine in concept. But do you really think people subsisting on $2 a day are computer literate enough to safely transact BTC?

This isn't what we really need to be thinking off and it does not really justify what he is doing, but in some way it's actually true and I understand his point.

[DrMatrix]

Ethereum will take over Bitcoin if this keeps up.

Ethereum fees are not that low either. Even stronger, they are increasing on a weekly basis. I am seeing +$1 fees being pumped through basically in every minted Ethereum block, and some transactions even top $3 in fees. Just wait for it, these fees will only increase in the coming months, where at some point people will start to change their mind about how cheap these fees really are...

I have very little knowledge about all the fees structure works as far as fees increasing based on the blockchains (i am going to look into it) however, it is surprising to hear that ETH apparently has these such high fees already, considering BTC has been around alot longer.

Any experts have any predictions on what the ETH fees might be a year or two from now if it continues gaining popularity?