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by Babooster 3288 days ago
Being able to send any amount money anywhere all over the world with no fees or restrictions and with great privacy isn't interesting?
2 comments
adrianN 3288 days ago
Transactions won't be free. Somebody has to do some mining. Some googling indicates that a typical bitcoin transaction costs about two dollars today. In my experience, paying money via Paypal or credit card costs about the same.
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miguelrochefort 3288 days ago
> Transactions won't be free. Somebody has to do some mining.

Proof-of-Stake (as opposed to Proof-of-Work) will change that.

> Some googling indicates that a typical bitcoin transaction costs about two dollars today.

This is because Bitcoin reached the limit of transactions that can fit in a block, which causes a bottleneck, which increases fees. This has been fixed for other cryptocurrencies, and Bitcoin will soon (August 1st) fix it.

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lordCarbonFiber 3288 days ago
>Great privacy != public ledger of every transaction >No fees? have you even looked at the state of btc currently?
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