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by asah 2562 days ago
Don't forget high transaction costs for BTC.
2 comments
sowbug 2562 days ago
Currently about 12 cents US.
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ricanare 2562 days ago
12 cents is a lot, since it is static regardless of the transaction size. Small transactions at 12 cents fee are ridiculously expensive. You need low fee + 0-conf for small transactions (e.g. BCH). 12 cents is negligible for large transactions, hence why people call it a store of value. And since bitcoin doesn't scale, transaction costs will skyrocket again to crazy transaction fees of 50-100$ easily if it starts being used.
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joshuahedlund 2562 days ago
Where are you getting this? Why does bitinfocharts.com show a Median transaction fee of $1.85 ?
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eric_cc 2562 days ago
It's definitely not $1.85 lol. You can try sending a few sats between your own wallets to test it if you're genuinely curious.
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sowbug 2561 days ago
From actual use, buying stuff online. Most recent was a year of vultr.com VPS service.
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2a96eb7d685a49c 2562 days ago
There is your problem. You are assuming BTC is Bitcoin. The actual Bitcoin, working as intended, is BCH.
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karlmcguire 2562 days ago
I'm curious how people still consider BCH a viable currency after the 51% attack done "in good faith" by a major mining pools BTC.top and BTC.com [1]. What's to stop them from doing it again the next time it's convenient?

[1]: https://twitter.com/TheCryptoconomy/status/11319624478232780...

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2a96eb7d685a49c 2562 days ago
The "51% attack" was in the financial interest to the miners. An actual attack would not be.
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