“Fast transactions” and “cheap commissions” are no more

“Fast transactions” and “cheap commissions” are no more

Bitcoin.org moderators removed these statements from their web page. Now on the main page of the site, instead of “cheap commissions” there is the inscription “fraud protection”, and instead of “fast P2P transactions” - “P2P transactions”.

Although the website has been developing for several years, there have been no changes to either the content of the page or its design for a very long time. One Github user, Cobra-Bitcoin, wrote a post saying that a lot of the site's structure and, of course, the fee system still needs to change.

“The website has always emphasized low transaction fees. Obviously, no one expects unreasonably low prices, but the current fees simply do not allow people to exchange Bitcoin with peace of mind. Due to the growth of the altcoin market, the Bitcoin market continues to fall. I also hope that the cost of fees will go down. with the advent of Segregated Witness.”

 When withdrawing Bitcoin using Coinbase, the client loses $6 in fees for every $10. That's right, 60% of your amount goes to fees. A year ago, such a transaction would have cost no more than one dollar. Add in the fact that the average Bitcoin transaction confirmation time is now 11,400 minutes, and you can quickly see why users are losing interest in using Bitcoin. At a time when governments are bunglingly trying to regulate Bitcoin exchanges and software developers are trying to beat each other to developing the next revolutionary altcoin, the community is desperately in need of a solution to problems such as sky-high fees and excessively long transactions.

It is also clear that the moderators need to make some more changes to the web page.


According to https://www.ccn.com

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