Skyrocketing Bitcoin Fees Hit Carders in Wallet

Re:Skyrocketing Bitcoin Fees Hit Carders in Wallet by icelancer on Thursday December 28, 2017 @11:07PM (#16027444)

To get threads like this created about how the mempool is packed and it costs $20 to move BTC from peer-to-peer and to drive media in that direction. For what second-order reason would someone do this? Well, I can think of a few....

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Re:Skyrocketing Bitcoin Fees Hit Carders in Wallet by xocyabencl on Friday December 29, 2017 @04:15AM (#16028528)

How can a bunch of no fee transaction attempts cause a $20 market price? It seems like the block would need to be full of transactions with high fees.

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Re:Skyrocketing Bitcoin Fees Hit Carders in Wallet by rocqua on Friday December 29, 2017 @06:51AM (#16029014)

By increasing the size of the backlog, you make it seem like high transaction fees will stick around longer. It also exaggerates the immediate issue of bitcoins low transaction rate.

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Re:Skyrocketing Bitcoin Fees Hit Carders in Wallet by qsucvatz on Saturday December 30, 2017 @03:01AM (#16034336)

Because Bitcoin used to work, and now it doesn't. Bitcoin Cash scales appropriately.

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