I am new to Cryptocurrency investing, but I am catching on quickly and seeing a big problem with Bitcoin transaction fees!
I was going to transfer around $300.00 to an exchange, that is, until I saw I was going to be charged more than $16.00 to do it! The same transaction amount using Ethereum only cost me $0.14. The transaction was also much faster than it would have been had I used Bitcoin instead of Ethereum. What a difference!
I am not saying I am going to start putting my money into Bitcoin Cash, but I can certainly see why there is a need for an alternative to Bitcoin.
Bitcoin fees must come down.
Exactly and if they don't , economically you are forced to use another coin, and this will eventually kill core btc.
(It has no use, so it becomes worthless.)It is Economics , since resources are not infinite but finite , wasting resources on artificially inflated transactions fees is insane.
And the transaction fees are artificially inflated , because Core Devs Never Fixed the Transaction Capacity Problem.
