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by insertnickname 1959 days ago
>Today almost no one accepts it as payment. Exactly because it is unstable.

Or because transactions became too expensive.

1 comments

It’s like using a wire transfer (~$30 fee) for every transaction. Most people use credit cards or other “delayed settlement” payment methods even with existing fiat currency, so it’s not really fair to compare Bitcoin blockchains transactions to this. Sidechains and other enhancements can easily make low-risk Bitcoin transactions as fast as existing fiat payments.