Bitcoin must change or bleed to death from high fees
I noticed something today, to spend 11 USD I had to pay the equivalent of $13 USD. Look at my pic below.
Bitcoin needs to change or it will bleed to a slow death while people migrate to other Altcoins.
that is just exodus. the fee is huge there.
just use coinbase they pay most of the fee for you
I would have to use Xapo, Coinbase won't operate where I live.
I wonder if Exodus takes fees from it's desktop application... not that I mind. It would be an interesting biz model.
Answer: Exodus does not take fees for profit, but it seems to inflate the transaction fees to speed up the sending of bitcoins. see their answer
There's a hard fork ahead!
What is it called, when is it happening, what's the result ? Are you talking about Segwit ?
Aug 1st, not sure what it means yet but Bitcoin is splitting in 2
its not guaranteed so dont get worried. yet
I have to agree with you. It's very annoying paying out huge fees on exodus.
This 'high fees' situation unfortunately will persist unless a suitable solution on scaling (with effect on payment fees) can be agreed upon. This pressure is needed to come to a resolution eventually.