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Author Topic: will BTC vanish in transition process?  (Read 136 times)
tanjian1998 (OP)
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December 06, 2017, 05:23:37 PM
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if the transition fee more expensive than present in case the legal sites are baned which had happened in china,what is the possible effect on BTC price and usage?will BTC vanish in transition process?
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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December 06, 2017, 05:57:19 PM
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I think this is one of the most important issues that bitcoin is facing right now. The high transaction fees are preventing from bitcoin being used more often, in my opinion. It's not going to cause bitcoin to vanish (because you don't vanish overnight with this high a market cap) but it definitely is one of the factors which is preventing bitcoin from growing in different directions.

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