☠☠☠ Will High Transaction Fees Be The Downfall Of Bitcoin? ☠☠☠

[Mike Mayor]

It's getting crazy with fees of like $10-$20 I mean I can go out to a restaurant for that. It's like giving away a really nice free meal Everytime you make a transaction. I could get a few of game with that or pay for Netflix or Hulu or something. When you think of it like that it is crazy. I bought shoes the theeday for 0.005btc and paid 0.001 fee that is 20% the I there thing I bought was 0.014 and was 0.0012 fee. That's crazy that's like 8% off a largish transaction. If you not making transactions of over $250 at least then you losing a lot of money.

[ShortCoins]

Well said Mike. I never thought to look at the fees like that.

There is so much one could buy with just the fee money alone. Oh man. These growing fees are no good at all 

[tickledlicker]

This could possibly happen as the price of bitcoin continues to grow high, of transactions fees also skyrocket then less people would be interested in using them at all.

[BelieveInBTC]

Bitcoin transaction fees are definitely too high. However, if more people used SegWit, this problem would be smaller. We shouldn't increase the blocksize because SegWit adoption would be even slower! Lightning Network is almost there, I hope it will solve the problem of slow and expensive transactions. Right now, people are using Bitcoin despite huge costs. Bitcoin can't die easily.

[melonbtchunter]

Yes, of course it is too much. Even what fee get higher, Because bitcoin is increasingly increasing day by day and the problem is that for Bitcoin Micro transactions. I do not think people are responsible for this. Those who think of Bitcoinon only a little bit of Fake to raise prices.