Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bambam on December 24, 2017, 02:46:31 AM
-
What is your opinion on Bitcoin fees and the time it takes to process a single transaction?
-
For the Bitcoin fees & time it takes to process a transaction, Fee is too high and time is not only very delay but it is uncertain. I am very much disappointed.
-
Yes I think bitcoin transactions fees are very high. It's need to reduce for fair competition. But transactions process is not same for all time's. Sometimes it takes very long time but it's not a big deal. I think security concern is the main focus points.....
-
Fees are absolutely outrageous. I wouldn't mind a long wait time if it weren't for the still high fees. For $22 I should get instant transaction
-
I just bought into bitcoin so that I can invest in altcoins. The transfer fee and cost is very high for the amount I want to invest, at least with coinbase. Do other sites have lower fees?
-
The Lightning Network is a proposed solution to the bitcoin scalability problem. The network would use an off-chain protocol and is currently under development. It would feature a P2P system for making micropayments of digital cryptocurrency through a scale-free network of bidirectional payment channels without delegating custody of funds or trust to third parties.
-
For the Bitcoin fees & time it takes to process a transaction, Fee is too high and time is not only very delay but it is uncertain. I am very much disappointed.
I think depending on the Bitcoin that is sent right, if Bitcoin is sent it will cost too much
but if the bitcoin that is sent is a little then the shipping cost is also a little.
-
Bitcoin fees and processing time is higher than most recent developed cryptocurrencies because it is the first crypto currency to be created. Subsequent coins used the bitcoin technology to develop coins that offers better features resolving the bitcoin shortcomings like speed, scalability and cheaper transaction fees amongst others.
-
I wish they were cheaper, but you have to understand the fact that they cost money is a necessity to some extent. If transactions were free people could flood the network with mindless transactions over and over and no one could transfer anything, similar to a DDOS attack on a server. You must have fees, otherwise other tokens that compete with you are incentivized to shut your network down whenever they want so people stop using it. Ethereum experiences this to some degree, when their network gets clogged it really sucks, so maybe their fees are too small. One way or another, fees are a necessity though, in my opinion.
-
What is your opinion on Bitcoin fees and the time it takes to process a single transaction?
I think bitcoin is higher transaction fee and slower transaction speed. It is my opinion.
-
What is your opinion on Bitcoin fees and the time it takes to process a single transaction?
I think Bitcoin is too high transaction fee. It is disadvantages of bitcoin. It is my opinion.
-
Bitcoin is expensive for all the transaction costs, because Bitcoin is now too expensive.
So if you send Bitcoin it is better to convert it first with altcoins like NPXS or DOGE.
-
in my opinion, the cost of bitcoin and the time it takes is clear for very high costs, and the time needed is not in accordance with the costs I have to spend on high costs but the process is slow
-
Sometimes it takes a very long time but it's not a big deal. I think security attention is the main focal point. I think bitcoin transaction costs are very high. This needs to be reduced for fair competition. But the transaction process is not the same for all times.
-
What is your opinion on Bitcoin fees and the time it takes to process a single transaction?
Yes I see.Bitcoin is high transactions fee and slower transaction speed. I think Bitcoin should improve about that.
-
Of course, the leader of the crypto currency should now have instant transactions and almost zero fees. What kind of leader is he, if he has the smallest bandwidth - seven transactions per second. This is ridiculous. Bitcoin was too much praised. He does not deserve to be a leader for a long time. While he keeps at the expense of his former popularity, however, the situation is changeable.