Bitcoin Transaction Fees Have Skyrocketed – How To Deal With That? (deepd.tw)

Bitcoin price has soared during the past few months, which was also associated with a sharp rise in transaction fees. Currently, on average costs around $ 20 to send a transaction across the bitcoin network. This has forced many businesses and individuals to refrain from using bitcoin, especially that the fees tended to be below $ 2 a couple of months ago. Many people use bitcoin as a currency, not as a speculative asset, so for those, these inappropriately high fees represent a major problem…

Bitcoin

Bitcoin is 'something regulators need to deal with but not ban,' says former FDIC chair

Amid threats of a potential ban on cryptocurrency, former FDIC Chair Sheila Bair said digital currencies such as bitcoin should be more tightly monitored but not stopped. "It's something regulators need to deal with but not ban," Bair told CNBC's "Fast Money" on Thursday. Bair, who said she does not own …
Google Alert – bitcoin

It’s not a big deal to say “I was wrong”. Sticking with what’s wrong when you know what’s right is a big deal. (reddit.com)

I believe that the NYA signatories went into the deal thinking they were reaching a reasonable compromise. For various reasons it is clear now that what the NYA represents is bad for bitcoin. The mature and rational adult thing to do is to admit that things didn’t turn out as they expected and to move forward based on what you now know that you did not know before. The only defence for proceeding with NYA that I hear are that the signatories “keep their word”. That’s not sensible. There is…

Bitcoin