Ill be honest, the endless wait for my funds to confirm (even waited 24 hours+) with a 5 USD fee, this has me and my clients transacting in NEM and Litecoin. 5 USD TX fee is more expensive than PayPal.
That's probably the truth of this entire SCAM is "Occam Razor", the simplest explanation is that the miners that control +80% of BTC in CHINA, are pushing people to pay More in Transaction fees, there is MORE money now in fee's than in mining, this is where the profit lay's.
Always a new way to make a fast-buck, changes seasonally now it fee's, yes they're getting VERY painful, but remember that BTC is a rich-mans crypto, so a $5 fee, on $5,000 USD transaction isn't bad,
The problem is these $1 transactions, paying a 0.99 fee; somebody is either stupid or its planned.
I think a combination of CHINA-ASICS colluding to drive up the transaction fee profits, but its also these 2,000 shit-coin alt btc-clones, where people buy&sell 100's of 1,000's of shit-coins a day, but they use BTC as the primary currency
The average idiot has 0.05 BTC, but that 100,000 BTC-Z
Most MORONS have been told to TRADE alt-coins, but bank in BTC's, ... what is obvious is there needs to be an established 'banking crypto' for the little people, and a use BTC for the 'rich peoples' crypto.
***
The majority of traders hold 20 alt-coin shit-cryptos they trade daily 0.01 BTC hoping that one will go to 0.5 BTC, of course it never happens, but this is the source of the ++100,000 BULLSHIT transaction per day
Sadly BTC is fucked, Satoshi would have never wanted BTC to be overwhelmed by idiots playing monopoly.
S
omething MUST be done to kill this use of BTC as the bank of "CRYPTO-GAMBLING"
The best thing is "FEES" perhaps given the same ppl, buy/sell 0.001BTC all day long, they should have to pay a fee of 0.001BTC that will put an end to this BULLSHIT, they will have to find another coin as their MAIN-BANK.
