[prepend]

I don’t think there are two sides.

I don’t think I’m self-righteous when I say that the use cases for crypto just aren’t there yet as they require a non-speculative environment to be viable.

I like the idea of smart contracts and general ledger. It’s useful for buying things in theory. But at $10+ for a transaction fee that’s impossible. I’ve been waiting over 10 years.

I think this is pragmatic. And I don’t think it’s self-righteous to roll my eyes when some crypto fan tells me to just wait. Especially if they are financially bound up in convincing people to raise the price of crypto.

I do care where people spend money as it affects me and people I love. Lotto is bad. Spending lots of money on lotto is bad.

“Betting” on crypto is driving up the price and crowding out real use cases.

Also, ethically, pump and dump schemes are bad. I feel bad that victims lose money. I want these schemes to stop. I’m not self-righteous in my anger. I don’t care that much, I just want the SEC to investigate and prosecute.

[dqpb]

> But at $10+ for a transaction fee that’s impossible

Algorand transaction fees are a fraction of a cent.

[prepend]

That’s great news, but the major projects like BiCoin and Ethereum are super expensive to do transactions.

I hope Algorand takes off as micropayments are a really nice use case and I’d like to be able to use it.

Just simple stuff like sending $20 worth on a paper wallet to niblings for their birthday. I just want to stop using cash.

[rjakobsson]

I’m sorry, but you are vey misinformed regarding the transaction cost of Bitcoin.

[prepend]

What’s the best way to check out transaction costs.

This site [0] shows the average transaction cost at US$1.675.

And the same site [1] shows ethereum at US$3.916.

This is much lower than the last time I checked. But still impractical for any real uses. A few dollars per transaction is bad, especially when the price can fluctuate 20% per day.

Here’s the blurb from their site “ Average Transaction Fee is at a current level of 3.916, up from 3.227 yesterday and down from 17.67 one year ago. This is a change of 21.36% from yesterday and -77.84% from one year ago.”

[0] https://ycharts.com/indicators/bitcoin_average_transaction_f...

[1] https://ycharts.com/indicators/ethereum_average_transaction_...

[N1H1L]

> “Betting” on crypto is driving up the price and crowding out real use cases.

Additionally, that betting has cascading effects of GPU markets, and uses a small nation's worth of electricity every year. If that bet was contained only to the participants, then it's fine. But it's not.