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RE: Why Do People Always Forget What Happens When Charts Look Like This?
Bitcoin isn't mass adoption ready. The average confirmed transaction fee today is $3. Median confirmed transaction fee is $2. Both are growing exponentially. Wait times are longer and longer. The various scaling solutions are no closer than ever to actually being achieved on the network. It's an absolute pain to use, even for those who are quite familiar with it. How can you honestly tell yourself that's mainstream ready?
What are you talking about? I can send a transaction with 10 cent fee only. If you pay 2-3 dollar per transaction you must be either out of your mind or you have thousands of micro transactions in your input.
Very interested in these 10 cent bitcoin transactions....
You better know what to do. ;)
The median confirmed transaction fee, which means normal transaction sizes are $2 now.
https://twitter.com/nikzh/status/867722742354849792
The median transaction fee in the mempool, ie. unconfirmed transactions, is $0.78
http://bitcoinexchangerate.org/fees
The recommended fee to get in the next block is 81,360 satoshis or $2.26
https://bitcoinfees.21.co
You could have said this a year ago, it is straight up false today. The median transaction size is still 226 bytes, so this is NOT unusual transactions. For unusual transactions you can be paying upwards of $10.
Can you give a source on your $0.10 fee claim? How many such transactions are being confirmed?
Disclaimer: I am just a bot trying to be helpful.