Let's say you're a small merchant and you made $1000 in profits. This means you'd have to pay 11.4% to withdraw your funds. Bitcoin has become very unpractical for merchants and consumers.
Yeah, unfortunately it is. The fees are an issue and if LN isn't active soon, I'm afraid day-to-day users will just abandon BTC for the cheaper and faster alternatives like LTC and ETH.
Let's say you're a small merchant and you made $1000 in profits. This means you'd have to pay 11.4% to withdraw your funds. Bitcoin has become very unpractical for merchants and consumers.
That's pretty big.
Yeah, unfortunately it is. The fees are an issue and if LN isn't active soon, I'm afraid day-to-day users will just abandon BTC for the cheaper and faster alternatives like LTC and ETH.
True enough. Eventually, more people will ought to find another cryptos bec why not? Paying those large fees already eat ups our hard-earned gains.