Could somebody explain why bitcoin transaction fees are about

>>3477118
China and archaic tech

>>3477118
it's 100x more important

https://en.bitcoin.it/wiki/Transaction_fees
https://en.bitcoin.it/wiki/Transaction

You pay miners to store your transactions in the blockchain

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94KB, 600x852px

>>3477142
This, how can you not know this OP?

>>3477166
Right, but why are they astronomically higher than every other coin out there?

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156KB, 1084x687px

>>3477137
>>3477166
Iota has fixed that

>>3477118
100x more shitty than Litecoin

>>3477199
Sup dave

>>3477197
Because block size is limited. Everyone wants to get their transaction through, so they either have to up the miner fee or wait for a long time.

Fees rise with Bitcoin's increasing value.

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45KB, 317x293px

>>3477118

because it's a shitcoin controlled by (((bankers))), Bitcoin Cash is the uncorrupted continuation of Bitcoin.

>>3477237
So is there a fix in place for this?

>>3477249

Yes, the fork to Bitcoin Cash. Increased the blocksize 8x so transactions cost < ~1cent.

Meanwhile Bitcoin itself will die off as people start to realise it's fucking retarded to be paying $1 per transaction and that the blocksize will never be increased.

>>3477249
Bitcoin Cash just increased the blocksize to 8mb.
Bitcoin core refuses because they dont want to keep scaling as storage would become an issue.
That would also mean you'd have less nodes on the network running the blockchain. So their solution is side chains which are instant but they take a cut oy vey

>>3477249
newer cryptos are a lot better technically

>>3477307
>A fork of Bitcoin with changed rules is better than Bitcoin
Fucking retard.

>>3477319
>anon and his reading comprehension

>>3477329
Stop shilling altcoins

>>3477249
Segwit or Bitcoin Cash with 8 MB block size.

Just google these terms and you will find lots of information.

Also beware that there are two (or more) camps in the Bitcoin scene. Those who support increased blocksize and those who don't

See
>>3477287

>>3477341
kys faggot

>>3477341

There is nothing particularly special about bitcoin beyond brand recognition.

>>3477353
>>3477351
>ARK shills

Because nobody fucking uses them.

>>3477365
ARK is superior to bitcoin fuck off

>>3477380
>ARKUCK

>>3477394
>jewcoiner

>>3477199
>steal money from retards by pumping and dumping a vaporware shitcoin
>use the money to destroy their countries

You must really hate white people I guess. Allah Akbar!