Hacker News new | ask | show | jobs
by singularity2001 3170 days ago
"making it a great fit for micropayments" except that you currently have to pay about $4 for any transaction to come through ... eventually
2 comments

Absolutely not true. I paid $0.40 cents on a $5.00 transaction yesterday that was confirmed within an hour. I could've easily paid the same $0.40 cents to move $50,000,000.00.
> $0.40 cents on a $5.00 transaction

Visa or Mastercard is cheaper than that

Actually it is in the same ballpark. 2.9% + 30ยข is a usual price in US for a small business.
Yea let me transfer money to another account through ACH....

3 day....

Let me transfer it with Eth or BTC...

1 hour or 40 seconds later...

ACH vs BTC is a strawman battle that glosses over Paypal, Venmo, Square Cash, Facebook Messenger Payments, Zello, AliPay, and a few dozen others.
bitcoin won't censor or freeze your transactions tho.