Avg BTC trans cost $USD25.65 “The cost of mediation increa…

Twetch · February 22, 2021

Avg BTC trans cost $USD25.65

“The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions”.

BTC’ers hosting whitepaper, hope their sheep don’t read it.

Replies

Twetch · February 22, 2021

Meanwhile Bitcoin transaction costs DECREASE the more it’s used.

Twetch · February 22, 2021

Exactly. Using the analogy of a bus limited to 7 seats vs one with practically unlimited number of seats, the latter would be able to charge customers less the more customers there are. Upon hearing this my BTC mate replied, “but, but, but number goes up”.