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Bitcoin's utility is being a global currency. Like I said, Bitcoin will scale like the internet scaled which is in direct proportion to demand. Blocks aren't o
by mbmott 10y ago
Bitcoin's utility is being a global currency.
Like I said, Bitcoin will scale like the internet scaled which is in direct proportion to demand. Blocks aren't often full and if you are in a hurry then you need to pay 10 or 20 cents to prioritize your transaction.
- aliakhtar 10y agoThere is already a global currency which works great: USD. I live in Pakistan, and I regularly pay my AWS bill, IDE subscription, Netflix, VPN, and a lot of other things with USD.
- rhino369 10y ago>Bitcoin's utility is being a global currency. But it's hard to get and hard to use. It's useful for a pseudo-anonymous transfer for value. Unless I'm doing something illegal, Visa is a better option.
- Shorel 10y agoI use both. I use also MasterCard. And dollars and pesos and euros. There's always one situation where one currency is more convenient than the others. Is this attitude a remnant of the religious wars in Europe? There can be only one?
- Rmilb 10y agoThat's very true, Bitcoin doesn't solve many problems for people with access to credit banking. However, billions of people don't have access to Visa or a bank account. They only need a phone to send payments internationally.
- rhino369 10y agoThose people don't have access to bitcoin either.
- solotronics 10y agoThe fee is currently 6 cents. One interesting thing is there is an optimal fee based on the size of the block of transactions. https://bitcoinfees.21.co/#delay https://bitcoinfees.21.co/#delay