Bitcoin, Blockchain, Banks
In the last few days I have been thinking about the raisment of the transaction fees for BTC.
Actually Bitcoin was started to get away from the banks, the high transaction fees, to make faster transactions all around the world and of coursre the anonymity Bitcoin brings to us.
The raisment of the fees maide me think abit more about this aspect of the digital currencies and that there are also Banks in crypto. Not the kinde of Banks we knowe but Banks as Wallet Providers and the Blockchain.
Yes the fees are lower compared to the Bank fees. But let us look back in time... How high have the fees been? And how often have they raides tem?
We now had the first big raisement in Bitcoin transaction fees.
But will it be the last one?
We will see...
What are your oppinions?
It is my opinion that when the amount of transactions being processed by a single block of bitcoin is heightened the fees will drop. The recent talks about segregated witness implementation should make this possible without any issues. I hope that this is the case as well because the fees being so high are quite inconvenient. Have fun out there and good luck with your future posts!