That was only a quick spike in the fees. Right now, it's back to 4 sat/vB.
And I don't fault people for timing their transactions. It's unfair to call them cheap for making the most of the rise and fall of the network traffic. And who wants to pay exorbitant fees really? At "$105 per transfer", you don't actually want people to use Bitcoin as designed. Aren't you yourself bothered paying this high a fee for your ordinary transactions? Would you not mind paying a fee that's more expensive than what you're buying?
well you need to support bitcoin miners. they rely on transaction fees more and more over the coming halvings. if you're going to try and cheap out on fees, i don't think they're going to like that. unfortunately it was a very quick spike but at least they got something but i know they want more. and no i'm not bothered by higher fees since i don't use bitcoin for daily transactions.
Miners are not the only subsystem in the Bitcoin system. You have to consider other people who use the network, and some businesses that use it for transactions. So you expect them to pay a high transaction fee because you want to support miners. Will you buy gas at a high price because you want to support gas-producing nations? Regarding timing transactions, that's the new normal and there is nothing wrong with doing it. If you know you can pay fewer fees in a few days, why would you pay high if it is not urgent?
Your logic is quite off. I'm using the right crypto because I'm paying high transaction fees? That doesn't sound reasonable. And proof of work is the reason? I use LTC at times. It's proof of work and its cheap.
that's cheating though if you're avoiding btc because ltc is cheaper. why not just use ltc exclusively? if it's good enough for transferring your money around then it's good enough for storing it there.
You just said he should have used Bitcoin because it is POW and he mentioned that LTC is proof of work. Is there any rule that says Bitcoiners should use only Bitcoin for transactions? Because I support petrol cars, I shouldn't use cheap electric trains for transportation. I support Bitcoin but it wouldn't stop me from using altcoins.
