RE: Bitcoin Transaction Fees are Dropping to $1, Can This be Sustained Long-Term?

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Bitcoin Transaction Fees are Dropping to $1, Can This be Sustained Long-Term?

in bitcoin •  7 years ago 

Right. Such a shame that segwit2x did not come about. Bitcoin still has so much mind share with people entering the market and that is all that keeps its price up. Otherwise, over the past months it has been nothing but a heartwrenching and frustrating pain to use. I literally grit my teeth when I had to move Bitcoin. Other than the mindshare and the huge hashing power backing it, Bitcoin has nothing over any other coin. I hope it does not become obsolete but I don't see moves being made to alter course.

The funny thing is that if fees do not go back up, that is a sound indicator that nobody wants to use it anymore.

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A very valid point 😁