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RE: How much of a future does bitcoin have with $16 transaction fees?
Despite the high fee, i believe btc has made name for itself, they have a solid brand
Most people would rather go with the efficiency of a good crypto with prospects even with its high fee
#speaking from experience
Brand? lol
Yea brand, dont you know what that is?
This is tech and things change very quickly. Look how Myspace had a brand with huge following then let it go due to well many developmental reasons.
Yeah... I believe you, and i am still very much shocked at how Myspace went down, however, i dont see bitcoin in that light, their high transaction fee shouldn't translate to them losing followers to the retent of collapsing
I think if the pressure mounted on them becomes much, they will definitely reduce the fee, but they still doubtfully remain one of the best as far as crypto is concerned at this very moment
Thanks for your input🙌
Thanks for your post. There's a very long story how Bitcoin development became centralized that most Bitcoin Investors are not aware of. I highly doubt the block size will ever be raised on Bitcoin Core and its very unlikely Bitcoin's Lightening Network will solve scaling problems anytime soon.
Perhaps "brand" is not the term some would use but the meaning is
correct.reasonable. Time will tell. Those who move millions on a weekly basis still have no problem with Bitcoin fees. It's all a matter of use cases. Buy houses and cars with bitcoin. For VPS or coffee, forget it.