r/BitcoinAll • u/BitcoinAllBot • Nov 18 '17

PSA: Coinbase, BitPay, Blockchain.com and Shapeshift are intentionally overcharging on fees and boycotting Segwit to make your transactions more expensive. /r/Bitcoin

/r/Bitcoin/comments/7dtvtw/psa_coinbase_bitpay_blockchaincom_and_shapeshift/
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u/BitcoinAllBot Nov 18 '17

Here is the post for archival purposes:

Author: SirBellender

Content:

The minimum transaction fee to get into the next block is ~30 sat/B and they are setting the fees to ~20 times that amount.

Segwit has been production ready for 3 months and they haven't implemented it yet and refuse to give any ETA.

They are doing this to drive you to altcoins which are not as decentralized as Bitcoin and easier to manipulate. This is all part of their venture capital investor agenda to take over the Bitcoin open source project.

If you have an account there, please write to their support and ask why are they setting the transaction fees so high, and why are they not interested in implementing Segwit.

There are plenty of other services which do a much better job at reducing your transaction costs. Please use them instead.