Could the Fees stop Bitcoin?
Moving small amounts of Bitcoin to collect a complete BTC is becoming more difficult every day.
The high value of Bitcoin only allows to move amounts over $ 500 to be able to pay the fees.
The big exchangers have agreed and charge 100k satoshis per transaction for any amount.
The main exchangers should charge staggered fees and allow bitcoin to be collected in different wallets.
The positive thing about bitcoin's high fees is that other cryptocurrencies such as IOTA and Litecoin have been valued, stable currencies with a great future.
Investors are looking at other alternatives and moving bitcoin less because of its high transaction cost.
Steem and SBD Steem Dollar have also acquired enormous importance in the last week, and are trending in the main exchange houses.
Steem and SBD should expand their market, such as cryptopia, a great exchanger and easy for novices.
We will see how the bitcoin ends at the end of the year.
Image by pixabay.com
No fundamental flaw can stop this bad boy. especially not over the medium term. BTC will for while survive and thrive on brand alone.
That's right, BTC is the father of the new economy.
Your points are definitely at the heart of the scaling debate. My opinion is that Bitcoin should be safely scaled and stay as decentralized as possible. If cheaper transaction fees = more centralization, then i'm perfectly fine with Bitcoin remaining the slow and expensive store of value that it is now.
Bitcoin has opened the opportunities for new projects, but in my opinion I should skim their fees slightly.