>15 dollar fee per transaction
how can anyone unironically defend this dinosaur coin?
>15 dollar fee per transaction
how can anyone unironically defend this dinosaur coin?
ikr
Hey look kid this is grown up transactions more sophisticated sfuff than using your allowance to buy a piece of hubba bubba
whats even more unnerving is the fact that it's mooning right now. Sure the miners are making bank but it aint gonna last. No one is going to pay all those fees when other coins exist.
Im enjoying the gains but i've put in a stop loss sell order at 4100 just in case the bubble pops tonight.
shits unreal.
no one uses BTC
Everyone just hoards it and defends it that it is a store of value like gold
dollar fee per transaction
Where did you get this bullshit number from?
>no one uses BTC
>over 2bln dollar 24 hr. volume
yes, fees are $15 because no one uses it
>Shitcoin bagholders still don't can't comprehend the simple fact that their chains aren't secure
The entire volume is just people trading it back and forth to each other. I can see why normies think crypto is a ponzi scheme. Especially when people say transactions don't matter and BTC should be a "store of value" rather than cash. Because that means absolutely fucking nothing and anything with a price and liquidity can be a store of value.
The increased number of possible transactions were supposed to lower not raise the price of the fees.
Think of it as the gold standard to digital currency.
Eventually, it will get removed and fuck everything up...but not in our lifetime.
Just use it to buy LTC
ltc is just another shitty segwit coin.
eth is the only other option for normies right now because they can just buy it on coinbase and send it to whoever.
SO MUCH THIS. UPVOTE
Except BTC is a trust-less system sustained solely by the people utilizing it, just like anything in the free market the more it is utilized - the more expensive it becomes until the price is reduced by some technological innovation that improves the system aka scaling solutions. It may be another coin that solves the problem first and surpasses BTC by volume but since that hasn't happened yet it's pointless to blame BTC for failing at something that no other coin has actually succeeded at this scale.
> eth is the only other option for normies right now because they can just buy it on coinbase and send it to whoever.
You can literally do this with LTC
BTC is a big old piece of shit, but its the only coin the exchanges dont drive down everyday. Find Bill Shihara and assasinate him and do the crypto world a favor
wmx.wmtransfer.com
fee 0.8%
>dinosaur coin
BTC with segwit and LN isn't Bitcoin. It's a brand new coin.
BTC is an ETH/LTC/bitcoin mutt.
yea. and who needs a mut when you can have a purebred? literally why not just use eth?
yeah it will die very suddenly by chinese swapping over to something else by suddenly i mean like so subtle like a ninja.........watch out for the prices
you dont even know what segwit does you fucking retard, you bought the core shills propaganda
Since when were fees $15?
except that nothing can actually utilize segwit for any meaningful purpose yet
instead of just giving us a functional coin with 2MB blocks, they've just kicked the can even further down the road
you don't even have to buy into the second-layer conspiracies to realize this was a terrible move for the users AND the miners
it's always neo and bch, they play ring-around-the rosy with those three coins, goading noobs into selling low
>send it to whoever
just what do you think the purpose of LTC is? to own them and never send them to anyone?
Segwit removes certain proof of work from the chain
LN puts the transactions on a private third party ledger
Fire those reasons, BTC isn't bitcoin. The central purpose of bitcoin was using a universal public ledger.
your retarded as fuck. is your reading comprehension that bad? or did you really just fucking cherry pick a piece of what i said and try to construe it as something else?
Jesus.
Unironically BTC is starting to look like the tulips.
> Over hundreds of shitcoin with better technology and faster
> At least ten of them are backed by huge corporations
> They're all still priced lower than BTC
Is BTC just waiting for a crash to 3 digits or something?
wmx.wmtransfer.com
fee 0.8%
Eth didn't do anything bitcoin did.
Bitcoin want just hype. It was a revolutionary idea to cut out the middleman and send direct payment bypassing the banks. It made the banks or any third party guarantor redundant at best.
LN is funded by bankers who want their cut. BTC, LN, blockstream, Thymos censoring reddit, the same group is behind all of it and they want to end bitcoin.
> your retarded
> your
WEW
welcome newfriend
>LN is funded by bankers who want their cut. BTC, LN, blockstream, Thymos censoring reddit, the same group is behind all of it and they want to end bitcoin.
This. The question for me is whether the people that understand and care about this will continue to use bitcoin or whether they'll just switch to Monero.
Nothing like the tulips. Bitcoin as it was, was a revolutionary means of currency exchange because it bypassed banks. BTC doesn't do this anymore.
BCH is now bitcoin.
>public ledger
>direct transactions with out double purchase, bc of public ledger
> original proof of work standards
> block size modified for today's market at 8MB
>no (((segwit)) ever
...
Lol, Monero scales worse than Bitcoin. Cucker Ver is on record saying he doesnt care if Bitcoin becomes Paypal 2.0 and You-Know-Wu wants to co-opt Bitcoin for his PBOC masters
>tfw the jews got Bitcoin
Will we ever be free of those central bank kikes
Hurts to watch the price continue to rise and have no holdings in it or have some altcoin you know deep down inside despite all the shilling is going nowhere doesn't it?
Sour grapes af
BCH will free us from Jewish oppression.
BTC will survive
Source????
>Will we ever be free of those central bank kikes
Use bch and you're free. It's exactly what bitcoin was.
bought and tipped 100k
I'll believe that when I see it. Fucking BCH shills: is there anything worse?
BCH is Chinese Oppression, Jihan is gaming difficulty and stealing hodler monies
BTC will start using a private ledger.
Bitcoins central product was the means to transact without needing a third party ledger.
No, you'll have imaginary bankers following you around and fucking you over in every single aspect of your life forever. You've angered the jews and now you're cursed.
Try to refute my argument. Pro-tip: You can't.
Lightning uses third party oversight, segwit removes proof of works. BTC is now an alt coin.
BCH is now bitcoin.
BTC is a ponzi scheme / tulip mania now
BCC is a legit replacement though
you're right that there has to be a value proposition in order to store value. once upon a time it was cheap, fast, peer to peer transactions. BTC doesn't have that anymore, so it doesn't have a value proposition anymore. BCC will pick up the whole market cap and keep moving forward though
the purpose of LTC is to be yet another pump and dump scamcoin, all the hype is bullshit
there can only be one coin in the end. it will be a variant of bitcoin. right now, we have two contenders: one with $15, 6 hour transactions and one with $0.01, instantaneous transactions
time to make your bets
People are already waking up to this. BCH will pick up steam very slowly until the day it takes off, no one will see it coming.
dream on you BCC shill
no one wants BCC this chink Jihan controlled shitcoin
enjoy your ponzi bags
fair market price of BTC is now $0 because it no longer has a value proposition
can't store what you don't have
How can you be so completely oblivious to BTCs baggage at this point? Nobody is this fucking stupid.
Do you disagree with this:
?
you got that backwards. the jews greeed took over there sense of survival. they hurt so many people for so long the real and only answer is to exterminate every last jew on earth and finally have a planet WITHOUT A SINGLE JEW. GLOBAL PROSPERITY. restoration of America. The end of the international banker crime spree. THE JEWS MUST BE EXTERMINATED for the benefit of all earth
>fair market price of BTC is now $0 because it no longer has a value proposition
This 100%. Anyone who didn't see it will get flattened.
They aren't. The most common fee I have seen is 0.0005 BTC which is currently ~$2.70 AUD, he's probably complaining that fees aren't being adjusted for BTC value increase
bit beside the point though
BTC has a fair market value of $0 if the long term fee trend is greater than $0.20 or so
credit cards will give you $0.30 transactions with all kinds of perks like clawbacks, points, extended insurance, etc.
IF btc fee > $0.30 THEN btc true value = $0
>inb4 muh black market
other altcoins do this better than the btc alt coin. monero etc. btc headed for zero if it doesn't change direction
You think the group that comes into power after you kill the jews will be any less greedy? No. The people in power aren't evil cutthroats because they're jewish. They're like that because you need to be a sociopath obsessed with money and power if you want to be on top. If you're anything less than that you will get walked on and disrespected before you even get to be manager at a small corporation, let alone a top position in the entire fucking world. There will never be truly people at the top, they just don't have the personality that it takes to get there.
there will never be truly good people at the top*
So... Instead of new money... New values?
That's going to be way hard to implement
everyone wants a jew coin then?
They are if you want your transaction done in under 2 hours
.0005 fee is 4 hours
Yeah, it's also a problem that buying shit with BTC to fiat means that fees and rates will vary between service providers, rather than just paying a fee on a fiat to fiat service like credit, which, as you said offers more benefits. I guess it's because banks are more competitive than BTC exchanges in terms of volume and users. I'd like to know how much some of these exchanges make off their fees compared to their own setup and upkeep expenses.
With who?
>BTC is a trust-less system sustained solely by the people utilizing it
Block stream and its lightning network complicate that dynamic. Especially since Blockstream and the Bilderberg group takes profits from the lightning network and this lowers profits for miners.
Recommended fees in bitcoin-qt
Is that supposed to be a good thing? Say I use 1 Bitcoin with a value of $4000. At 0.8% my fee would be $32. Not what I signed up for when Bitcoin first launched.
Remember when paying fees was up to the generosity of the user
Never again
If they're scan succeeds, they'll trade everything, or they'll try to kill it.
BTC until last night was a big threat to fiat.
They'll *take* everything
BTC does literally everything wrong. Shitty fees, shitty transaction times, inability to use smart contracts, possible multiple forks, etc..
and the price keeps fucking going up. why the fuck does this happen?!?!?!
>m-muh smart contracts
HAHAHAHHAHAHAHAHAHAHAH are you for real? Worthless stupid technobabble
posts like this make the weight of my bags several times lighter
the flippening is coming soon, i can feel it
>BCC is a legit replacement though
AHAHAHAHAHAHAHAHA
>implying this is worse than letting the bankers in
Not even the same neighborhood.
Be patient.
>implying theyre better than the bankers
wake up to yourself.
I didn't see the dgb marine.
This isnt ever going up, dude.
It can be broken down to changing the design of the coin to profit off of. Or to manipulate mining adjustments to maximize profit while not changing the coin fundamentally.
Let's guess which one is worse in the long run
The chinks are doing what every miner should be doing. Don't blame them if you're hodl'ing fiat-tier coin, the service bitcoin was based on is only available through BCH right now.
If blockstream team wasn't coopted by jews who want to kill bitcoin, they'd be doing it too. The chinks are mining the valuable coin when it's profitable, blockstream is selling out to the banks. If they just rates the block size like bcc did this wouldn't be happening.
user, if we raise the block size then BTC would be functional again
don't want BTC threatening the kikes monopoly do we? of course not. all hail blerkstream
Exactly but that will never harken because the jews have infiltrated and they want the money.
The only way they'll ease traffic problems is with soft forks trading the tx fees every time, until Lightning is the only reasonable way.
Meanwhile BCC outlaws((segwit))), raises the roof to 8mb and will raise it higher as the market grows. It's faster and cheaper and you don't need to make arrangements for the jews' approval.
You missed a few points
>hyperinflates in cycles every couple of days
>gets dumped by miners switching back to BTC once difficulty adjusts up +300% every few days
geez user, this BCC stuff sounds very anti-semitic. what becomes of the kikes if the banker monopoly is threatened?
perhaps we can start a propaganda campaign against an invented enemy like miners or something ....
>muh EDA stalling
This is literally only a problem while CoreCrap is still kicking around.
Once Bitcoin Cash becomes king there will be a fairly large incentive to mine while everyone else is waiting to reduce the difficulty....
The bock reward and about 8mb of tx worth of fees.
>what becomes of the kikes if the banker monopoly is threatened?
These are temporary things and the reason theyre possible is it's price and volume are being suppressed by censorship and dirty money.
Kek'd
NICE ANOTHER STEEMIT PERSON ON HERE IS THERE LOVE FOR STEEMIT ON HERE HELP WHY IS THERE NO Veeky Forums ON STEEMIT LOVE THE FUCKING POST BRO
...
How mach cost transaction of gold overseas and how long it go?
Name one coin that has a product and I will suck your dick
Digibyte has a minecraft server dude
Omise
SYSCOIN NAMECOIN
github.com
crypto debit cards will be mainstream years before bitcoin as a direct means of payment will, and by then one would assume they should have fixed both transaction time and fees, so it really doesn't serve as any hindrance at all
what third party?
bawww, how cute, a kiddie hipster that cant even figure out ether is a scam
to answer your question though, 90% of the value of money is in the network effect. the leftover 10% is itself 90%+ a function of transaction fees. so bitcoin cash > segwit bitcoin over time, but ethereum is not even a close contender to either.
>muh smart contracts
literally no use cases. pure hype. crypto 101 scamming
With LN you won't send BTC to the seller, you send them to LN who sends them to the seller (off the public ledger). But they'll do it in a way that feels like you're sending it directly.