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by adrianN
3288 days ago
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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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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.