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Author Topic: Delay your Bitcoin transaction for this week| Volunteer campaign  (Read 481 times)
usekevin
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May 10, 2023, 11:34:24 AM
 #41

Due to the raise in bitcoin transactions fees,most of the signature campaign are struggling to pay their participants.It doesn’t mean they are scammers,they are hard to afford the fees.For each participant they are forced to pay 5$ as minimum fee.If the campaign had 10 participants,the transaction fee will be 50$ which is additional burden to them.For the faster transaction of the bitcoin,the fee will be ten dollars minimum.So to pay they are forced to pay 100 dollars which is not the needed one for the project team.In addition,most of the transaction was not confirmed and delaying a lot.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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May 10, 2023, 11:35:13 AM
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 #42

For how long? I don't see this going away unless ordinal is done for, and that's never going to happen any soon, if ordinal is up and running there will always be higher transaction fees to be paid for sending Bitcoin on the network, do not expect this to be going away any time sooner. I will be using Bitcoin to move money around only when the amount I got is good enough for the transaction fee, for now, I quit.
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May 10, 2023, 12:12:45 PM
 #43

I'm also in the crowd that says this is a bad idea. We already have morons from Ethereum Twitter calling for boycott of the Bitcoin network to support Ordinals (whatever that degenerate call for action means), so this is only going to help them.
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May 10, 2023, 12:21:21 PM
 #44

Maybe if those who rarely make bitcoin transactions temporarily stop bitcoin transactions it won't be a problem. But for those of us who do bitcoin transactions every day, this is really unavoidable and we still have to use it even at high fees.

The solution I use is to keep transactions as low as possible at a reasonable limit and use paid acceleration. But if you have no interest in an urgent bitcoin transaction then well waiting and being patient until the hype dies down is a good thing.
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