SERIOUSLY! WTF! I wasn't exaclty happy when it was like 3 or maybe 5 bucks now it's 20something are you fucking kidding me. Yes if you're sending $1000000 it doesn't matter but what if you owe your friend 10 bucks in BTC so you decide to pay him back in BTC, now you pay miners more monay than your own friend in the transaction. I love the idea of Bitcoin and what is has set in motion but Bitcoin can never be the every man Crypto atleast not now, not anymore. It's over. Not because we broke up with it but it priced us out. No pay no play and I am not paying 20Bucks for a fucking transaction. Just makes me love SBD, Steem etc. even more. Free transactions. FREE. F R E E. LMAO. To add to it Bitcoin transactions take forever. SBD transactions are instant. If things continue like this then one day we will look and see a BTC transaction costs $100.
Who sets the price anyways or is it automatic because the calculations get more difficult over time?
Then the question remains: how to sell SBD for fiat. If we can't use the BTC services because of the high transaction fees.
I will look into it for sure. My feeling right now is dump BTC. Just fucking dump. Or keep it and never ever use it. But I want my money lol.
These fees are too high. "BTC the crypto killed by it's own fees".
That will be the news if the fee rise continues.
There's a good reason the fees are so high.
The deep state has every desire to make Bitcoin untransactable on-chain, so that they can create super-nodes (like with the Lightning Network) where they end up controlling all Bitcoin transactions through forced centralization (and the fees won't drop by much!).
Miner's are loving it right now and won't complain one bit.
The Bitcoin blockchain was hijacked back in late November by some specialized AI (maybe Sophia, now a Saudi resident). The AI will now run the blockchain financial system with the help of some big bank funding for Lightning nodes.