RE: Will Bitcoin value continue to go up?

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Will Bitcoin value continue to go up?

in bitcoin •  8 years ago 

Let's say they lower the fees and more people start to use it. Wouldn't a higher number of transactions attract more miners making the chain faster?

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8 years ago by

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      ·  8 years ago 

    Don't they need to have more miners first in order to speed up the transactions and lower the fees?

    In order for it to be used in the real world they need to do something about transaction speed first. It's impossible to buy something with it in a supermarket.

    Good news is that they now have segwit2 which makes the lightning network possible so perhaps we will see it happen.

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