How are you supposed to use Bitcoin with such fees and speeds?

haveahappyday
haveahappyday

How are you supposed to use Bitcoin with such fees and speeds?
It costs $40 and takes a couple of hours to transfer $1000.

Emberburn
Emberburn

d-delete this
t.btc maximilist

TreeEater
TreeEater

i just sent some coins from a exchange and the fee was 0.001 witch is 4.7 dollars. i was on the next block. yes that alot of money for fee. but since i sent alot of money it was nothing. yes i would like to see if drop to 20 cents. but at what cost? we get that faggot that runs bitcoin cash and lies about everything? ya im good

RavySnake
RavySnake

the fees may seem large but remember that you're paying to use a decentralized system with no fucking banking jews controlling it. that's the benefit you're getting.

New_Cliche
New_Cliche

It'll be fixed with segwit and block increases, or whatever the fuck they're actually going to do.

Crazy_Nice
Crazy_Nice

this is what i see happening. when they figure out lightnet work and make it easy to use poeple will start money money around with other coins. like litecoin. but i think this is not a good option, there are very few coins that run bitocoin platform. i will not talk about the coin that will be used the most in this case, 1 min blocks and 0 fees. this is all i will say. bitcoin furture is bright

5mileys
5mileys

Good to know, I will use a lower fee.
If (((they))) truly feared crypto, they would easily attain incredible amounts. Or maybe that's what happening with some of the coins.
I believe that a global currency would be very useful to them.

takes2long
takes2long

We're still talking about Bitcoin core, right?

iluvmen
iluvmen

Hey guys, I found the pajeet!

FastChef
FastChef

if you truly believe bitcoin core is controlled by jewish bankers, sell all your BTC for BCC. we'll see who is richer by the year's end.

Ignoramus
Ignoramus

SegWit already activated.

Spazyfool
Spazyfool

It costs $40 and takes a couple of hours to transfer $1000.- 10 posts shown.
It doesn't

viagrandad
viagrandad

How big of a fee do I pay to get the transaction done within 3 hours? I need to know this.

Sharpcharm
Sharpcharm

BTC has been Taken over my dudes. Blockstream wants to suck blood out from every transaction and protect the international finance Jews.

Look into the true heir. Bitcoin Cash.

Sir_Gallonhead
Sir_Gallonhead

Do you have like 20 inputs on that account? user you are supposed to sweep accounts like that on Sundays. Otherwise you need to pay $40, yes

massdebater
massdebater

181 sats/byte as we speak

Burnblaze
Burnblaze

Shit, I have exactly 20 inputs.
Thanks for the advice.

VisualMaster
VisualMaster

It costs $40 and takes a couple of hours to transfer $1000.
no it doesn't, retard. I did a 15k tx and paid 1$ fee using segwit.

Cashcucks on suicide watch

Spazyfool
Spazyfool

That's why you pay for 20 transactions, not for 1.
bitcoinfees.21.co for future reference as to how high to set the tx fees. In BTC speaking we are lower than 6 months ago so please don't FUD.
Obviously the fees are an issue but the different scaling solution parties are working on this. Also, every coin would have massive scaling issues with the volume of bitcoin.

Lunatick
Lunatick

I hate that I'm asking what is probably a noob question, but what do you mean by this?

Garbage Can Lid
Garbage Can Lid

You don't.

You use memecoins

Doge is coming back baby

Carnalpleasure
Carnalpleasure

you received 20 transactions. then when you send the funds you will see the tx coming from a lot of different wallet, which takes space, so more fee. you need to sweep to a new address when the fees are low

Crazy_Nice
Crazy_Nice

You don't know what you are talking about. The fee doesn't depend on the amount of $ sent.

If you send 20x $1 worth of BTC to a wallet and then want to send 1x $20 from that account, it then needs to combine all 20 inputs (which all have different blockchain histories). Therefore your transaction fees will be multiplied for this combined transaction.
If you are in a situation of having a wallet with many inputs, then it makes sense to do such a combined transaction during a time of low fees. Usually Sundays. You could send to another address owned by you and use a low fee so it takes a few days. Then when you actually need it you could send it from that address and only pay 1x the fees

hairygrape
hairygrape

I'd be mad too if I wasn't holding bitcoin op.

Hang in there little buddy

FastChef
FastChef

Why wait that long? We'll see who's richer by november when the next hard fork hits. :^)

Fuzzy_Logic
Fuzzy_Logic

Where would you recommend to read about the protocol to understand it better?

Those $1000 is just some "dust" from 2013.
shit

takes2long
takes2long

Don't have a single good source. Can't remember where I first picked up that stuff. Reddit is usually good when it comes to technical questions.

Also remember to withdraw your BCH from that old wallet! Just import your private key into electron cash

MPmaster
MPmaster

Thanks for the tips.
sage