Replying to Avatar Seth Michael Steele

The average #Bitcoin transaction fee is currently ~5,315 sats ($1.41).

A person opting to pay 19 #BTC ($509,536) for their transaction is certainly an outlier, not to be mistaken for a necessary action, and not to be taken as an indication of the overall functionality of the network.

While this was likely a user-end mistake, I think it’s important to keep in mind that block space’s value is critical to the well being of the network in the long run, as it increases miner compensation and therefore security, specifically in times of high transaction demand.

Simple.

Genius.

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RealJohnDoe 2y ago

Bitcoin is designed to have low #transaction #fees. When you compromise that you compromise #Bitcoin..🤔

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