So many unconfirmed transactions in Bitcoin! Is it rise to altcoins?
One of the greatest benefit of Bitcoin is that its fast and secure.
However, the current scenario tells the different story.
The Bitcoin transactions are taking huge time to get confirmed.
It's currently at more than 200k and the list keeps growing.
Check the real time status here : https://www.blockchain.info/unconfirmed-transactions
If the same will continue, probably people will stop using bitcoins and may divert towards altcoins.
Solution
Pay more fees.
Problem in solution
There are thousands of wallets with low amount of Bitcoin that can't cover the fees, if fees will grow like that than those Bitcoin wallets will literally become unspendable.
It may result in millions of dollars worth unspendable Bitcoins.
Good point man, i never actually thought of that, so much deserted coin.
Even if bitcoin has enormous potential, I think there are already other alternatives that will move the attention from him for a while.
DASH baby...merchants will begin to accept it at faster pace than other cryptos IMO.