Recently there has been a lot of discussion regarding Bitcoin transaction fees and the time it takes to confirm transactions. This conversation can be seen on the front page of the subreddit r/bitcoin over the past week, and nearly every day on the r/btc forum . The two highlighted topics within the debate are whether or not fees are too large at the moment and if over 10 minutes is too long. Some people have said to have been waiting for six hours or more for one confirmation, and some are paying much larger fees to move their Bitcoin. ‘I don’t Care What Side of The Debate You Favor, Jaded Vet’s Could Be Kinder to Newbies’
The price of Bitcoin has got everyone amped up as it touched over $700 per BTC the other day and is wavering just below that range as of press time. Of course, when the value lifts there are signs of more transactions taking place within the network. This consists of people selling off to make gains, people buying more in anticipation for increases, day trading, and day-to-day common purchases and transactions.
Within the network, we have seen large amounts of buying on Chinese exchanges and LocalBitcoins and record daily volumes in numerous other countries around the world. The world economy is shuddering, and new users globally are appearing left and right within our community. Some people are just learning about the cryptocurrency for the first time and are investing a tiny bit or a whole lot of wealth into the market. One thing is for sure new people eager to be educated on the subject most likely don’t need to be badgered or made fun of. Lately, the animosity has gotten so bad that users are scaring away new Bitcoiners. No matter what […]
