Isn't it obvious though, that when the fees are high, making a small transaction doesn't make any sense. But it doesn't mean we will go on the argument that Bitcoin should increases and be a big blockers, we have that kind of Bitcoin forks and they seem to die down already.
And it's not Bitcoin's fault that the fees are getting ridiculous, it's a deliberate attack on the network itself and just trying to put pressure on the devs and other individuals. Anyhow, for now, it's better not to do another small transactions and the best thing to do is wait for the mempool to clear.
Also there is a option called LN (Lightning Network).
bitcoin has no technical reason to be restrained. its dev political motivated. when you follow the funding and roadmap plans of core devs it is their plan to segregate and migrate people away from native use of bitcoin. bitcoin core added an exploit 8 years ago, which is being abused 2years ago to cause these annoyances/attacks and core devs have had 8 years of knowledge of the exploit and a few years of seeing the annoying results of its impact. but all they care about is migrating people away from using the bitcoin network.
even those performing the attack/annoyance are funded by the same groups promoting the segregation of majority/trying to push people into migrating people over to the other network(rich/poor divide)
anyone telling people to:
use another network
stop using bitcoin
wait weeks, month, years and hope the utopia fixes itself
is not a ally/friend of bitcoin
if they think their reasons are justified that spending $50 for 1 tx is fine but spending $50 spread over several years for a hard drive to store decades of transactions is some how bad economics.. those fools have their maths the wrong way round, and no understanding of math/economics of utility
as for the 'do nothing, just wait' i think 8 years of waiting for the promises of bitcoin scaling to offer more transactions of cheaper fee is enough waiting. lets accept it the promises made 8 years ago have not been met. and no, other networks are not the solution. they are the diversion
other networks only provide small niche sub services of options. and should not be thought of as the ultimate replacement utility.
its funny how those that support other networks are the solution where 'small' transactions should occur. but in same breath they dont want the 'small' transactions of bloat/spam to be stopped
anyone promoting to not censor junk, but to sensor genuine bitcoiner utility have thigns the wrong way round
bitcoin HAD rules to articulate every byte as having purpose. those rules have been softened and many transactions always have been:
'dropped', 'scrubbed', 'evicted', 'orphaned', 'pruned', 'unrelayed' and many other terms that made bitcoin clean and purposeful.
suggesting bitcoin should be filled with junk but actual use should be delayed/migrated elsewhere is a social-con, a social abuse of trying to suggest bitcoin shouldnt be used by bitcoiners
so if you use the main chain and do a 1 sat I think the lowest fee is 162 sats per tx.
which means at 100 mill a btc the fee would always be at least $162 usd.
at 10 mill a btc the fee would always be at least $16.20 usd
at 1 mill a btc the fee would always be at least $1.62
at 100 thou a btc the would always be at least 16.2 cents
so we are pretty close to 100 k a coin this means buying a 2 dollar item and paying at least 16 cents is pretty much going to be the lowest we ever pay.
and this means the main blockchain simply cant work for small tranasctions.
who wants to pay 16 cents on two dollars on a good day. no one really.
thus there are three realistic choices once btc gets to 100 k.
use doge
use ltc
use ln
it is simply not that the stats fees are high this is that a sat has more and more value.
somewhere in the 100k to 1 million a btc smallest fee will be not practical.
I am not paying 16 cents to 1.62 for one or two dollar btc moves.
we are at 10-11 cents for the lowest chain fee of 162 sats. I have zero desire to pay 10 cents to send 1 or 2 dollars.
I just sent 100 usd in LTC to buy a Nano 3 my send cost was under 1 penny
if btc was letting 1 sat I would have spent 10 cents.
