1HSjHJ1vidAbjhRiUqRvgzs8ZDpUL7sCcr (1034) ·
Although BTC transaction fees have increased, we are by no means near the levels of 2017 / 2018.
I am however optimistic more people see how broken BTC is, and if a decent % realise Bitcoin (aka BSV) is the solution and original system, then great!
Replies
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
Nearly all activity is offchain now plus segwit and batching. Some … are paying $100 for WBTC too lol
Honestly does it matter if fees are $20 if price is 40k?
1AhDkqvhHUfYs7ZzpM6NFUnGq7mzh5Y7qA (3433) ·
And it's not the average joe or usage that drives up the price obviously: https://twitter.com/PositiveCrypto/status/1358810044901564416
1ExP8Lp55td1Wsb1RghgeCVnb6jrUEYgjV (4086) ·
Doesn’t matter if fee is $500... when price is $100k.
1Nn558ubb9hj7sDJGfAr2eX72BpsTeMAuA (2361) ·
Yes. A $20 fee to send $20 is a joke.
18vpEJWiweHmiyKoKQUTeBAujaWyQrK6c9 (3934) ·
It does if you only want to send $20
1ExP8Lp55td1Wsb1RghgeCVnb6jrUEYgjV (4086) ·
Absolutely, my point (though not articulated) is the moon boys are thinking, “I will buy now for 42k... then I will use BTC as electronic cash by spending it to buy Tesla when it gets to 100k, so I don’t care about paying a $500 fee”.
1HSjHJ1vidAbjhRiUqRvgzs8ZDpUL7sCcr (1034) ·
It always matter.
Cost, always, matters.
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
cashapp, square, lightning
all custodial but nobody cares
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
paypal
1HSjHJ1vidAbjhRiUqRvgzs8ZDpUL7sCcr (1034) ·
However, that is an entirely different argument.
When considering on-chain peer to peer transfers cost will always either allow for growth or constrain it.
Low on-chain fees are essential to vibrancy in the economy.
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
the way its going soon you wont have anyone to do nano txs with when remaining svers ragequit
maybe the leftover religious bcashers
18vpEJWiweHmiyKoKQUTeBAujaWyQrK6c9 (3934) ·
Wasn’t the big selling point of Bitcoin that you don’t need middle men like pay pal and square to send payments for you, Hence peer to peer electronic cash system
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
yes.
now nobody cares.
1ExP8Lp55td1Wsb1RghgeCVnb6jrUEYgjV (4086) ·
Do you think the BSV Maxis will start to notice ‘Houston, we have a problem’ when Amazon announces they have BTC on their ledger or will the Maxis only admit there’s a problem when Apple announces they have BTC on their ledger?
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
somethin something BTC is for criminals who want to ruin Craigs legacy
18vpEJWiweHmiyKoKQUTeBAujaWyQrK6c9 (3934) ·
Regardless of which Corporations buy BTC, you still can’t do anything with it. Which is why your using a platform built with Bitcoin.
1AhDkqvhHUfYs7ZzpM6NFUnGq7mzh5Y7qA (3433) ·
And it's not the average joe or usage that drives up the price obviously: https://twitter.com/PositiveCrypto/status/1358810044901564416