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by max51
43 days ago
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>Bitcoin attempted to replace cash, but failed because the transaction costs are orders of magnitude too high. The current fees are less than 0.40$. It may be too high for a starbuck coffee, but that's way lower than the fees charged by a credit card provider if you are purchasing something over 50$. On a 2%+0.10$ structure, you only need to transfer around 15$ before your credit card fee is higher than the current average BTC tx fee. |
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