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Saturday, May 13, 2017

Bitcoin Transaction Fees: 31 Percent Think $1 Rate Not Sustainable

Bitcoin Transaction Fees: 31 Percent Think $1 Rate Not Sustainable

Entrepreneur Vinny Lingham’s transaction fee poll has revealed the community believes $1 fees are not “sustainable” long-term.

1,781 people responded to the poll on Twitter, which asked: “Transaction fees for Bitcoin are now greater than $1 on average, & rising. Assuming no 2017 Segwit/Block size upgrade, is this sustainable?”

Of those who cast votes, 31 percent believed such rates were unsustainable, with an equal proportion stating indifference.

Just 23 percent thought the fee amount was sustainable, and another 15 percent claimed not to know.

Full story at http://bit.ly/2pvwoQP

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