Revision of High transaction fee in bitcoin.

[elevates]

In my opinion, miners have been exploitative as far as Bitcoin is concerned, the income does not flow anywhere but to them only which makes it very bad and ill-planned. This can only happen in a decentralised system where no one can do anything unless to follow such a process already structured. This is ugly to me and whenever I think about it, it is so annoying as Bitcoin encourages a monopolistic system, which I know that Satoshi didn't plan well, and had it been he didn't leave everything like he did, he would have resolved it justifiably.

How can the miners be held responsible? They don't hand pick Bitcoin transactions that have high fee. The principal of Bitcoin transaction is that if you want fast confirmation you pay higher fees. The miners cannot be held responsible for the high fees and congestion in the network. BRC20 users did all the congestion as they were the ones who were paying high fees for transaction. Don't blame Satoshi for an issue which was not created by him. If you want to blame then blame the developers who allowed the creation of BRC20 on Bitcoin main network.

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[hugeblack]

In my opinion, miners have been exploitative as far as Bitcoin is concerned, the income does not flow anywhere but to them only which makes it very bad and ill-planned. This can only happen in a decentralised system where no one can do anything unless to follow such a process already structured.

If you don't want to pay high fees, use a network or lightning network and broadcast the transaction/open channels when the fees are low, batch transactions when the fees are low, use a good wallet that supports RBF options, but the option to support some quick fixes like increasing the block size Or banning BRC20 has bad future effects.

[tbct_mt2]

If you don't want to pay high fees, use a network or lightning network and broadcast the transaction/open channels when the fees are low, batch transactions when the fees are low, use a good wallet that supports RBF options, but the option to support some quick fixes like increasing the block size Or banning BRC20 has bad future effects.

Consolidation is good to use when mempools are clear and transaction fee is cheap. Lightning Network will need an on-chain transaction to open a channel, so if demand to use it only occurs when transaction fee is expensive, it is unrealistic for small Bitcoin holders, who don't need to make many transactions.

Side chains like Liquid or Rootstock.

An introduction to Bitcoin sidechains.
Side chains

[EarnOnVictor]

In my opinion, miners have been exploitative as far as Bitcoin is concerned, the income does not flow anywhere but to them only which makes it very bad and ill-planned. This can only happen in a decentralised system where no one can do anything unless to follow such a process already structured. This is ugly to me and whenever I think about it, it is so annoying as Bitcoin encourages a monopolistic system, which I know that Satoshi didn't plan well, and had it been he didn't leave everything like he did, he would have resolved it justifiably.

How can the miners be held responsible? They don't hand pick Bitcoin transactions that have high fee. The principal of Bitcoin transaction is that if you want fast confirmation you pay higher fees. The miners cannot be held responsible for the high fees and congestion in the network. BRC20 users did all the congestion as they were the ones who were paying high fees for transaction. Don't blame Satoshi for an issue which was not created by him. If you want to blame then blame the developers who allowed the creation of BRC20 on Bitcoin main network.

I don't think you are on this planet. Why can't miners be held indirectly responsible if not business as usual for them? In a sane clime, if truly you are neutral and want the best for the system you operate, you would have called out for a change especially if it is such that is not good for that system. If it is at a disadvantage to them, won't they have called for voting for developers to swing into action?

The same I believe should be raised when the market is experiencing too much congestion that is only making the network bad and commoners are groaning. Bitcoin is not made for the rich alone who can afford the transaction fee, but for all, and it should consider the poor the most. Miners are the only ones who can vote for a change if willing, and since they've not but monopolizing and earning all the money in the network, then they are selfish and do not have that core love of Bitcoin like Satoshi but are only in for their pocket and pocket alone.

Bitcoin network was never planned in a selfish manner if the core vision of Satoshi is to be followed. But sadly, he/they is/are no more in control to put an end to this menace.

[Xxmodded]

Use transaction trough lightening network for sending bitcoin without take care with highest transaction fees or get problem network congestion, current last several days bitcoin transaction fees have back normal and get lower fees with transaction take confirmation without twenty minutes regarding with my bitcoin withdrawal from crypto casino gambling account yesterday.
Its normal during high demand with bitcoin transaction need to pay higher fees for sending bitcoin and we need more patience due network congestion. Personally highest or lower fees of bitcoin transaction is not much problem for every holder and investor keep use bitcoin as their investment assets and digital payment currency.

[Gormicsta]

There should be alternatives to these motives for general adoption.

Lightning network, Liquid Network, Rootstock etc.

If this issue is been addressed, bitcoin will prevail. The fee is deterring the adoption especially in our rural and local areas.
This transaction fee may stand as an obstacle and a repugnance to the widespread of bitcoin acceptance.

They can start as small as possible, just buy Bitcoin in centralized exchange, you will not pay transactions fees as you only pay the trading fees. Yeah I know it's bad to hold your money in CEX since it prone to many issues including bankruptcy.

But that's the only way for small holder.

Yeah, it's true that there numerous risks associated with using centralized exchanges for buying and holding Bitcoin. But On the one hand, they make it easy to get started with a small amount of money and without incurring any fees. And if we wanna put the risks involved into consideration, it'll lead us to no other option that to consider using alternatives such as a hardware wallet or cold storage solution which can be expensive and difficult to set up for beginners.

[kryptqnick]

There are different ways of looking at it. One might be for fees to be covered by merchants rather than customers. AFAIK, merchants are paying fees with traditional payment methods, so I suppose they can handle Bitcoin fees as well, excluding exceptional times of very high fees. But that's not easy to implement, and I don't think the merchants would like that. Then there are off-chain solutions that were mentioned in the thread. And then there's partial adoption, like paying for Bitcoin when ordering online and when the sum exceeds a certain amount (so that the fees are negligible).
So there are some ways of working around high fees, but no universal solution to actually fix the fees.

[Agbe]

There should be alternatives to these motives for general adoption.

Lightning network

I think Lightening Network should not be recommended because it is not everyone can use it and it is only few who understand it can open the channels and use it among themselves. I was craving to use Lightening Network since and I have tried my best but now way then another thing again who is ready to open the channels with you to use it. The process is too cumbersome so everyone like to use on-chain network so what we are asking for is for the developers to remove either the ordinals or look for an alternative way to reduce transaction fee so that the service will be ok to use. When the transaction fee is low, small scale businesses can accept bitcoin as part of their payment method.