3 ms·
For a lot of people Bitcoin was what was going to disrupt the online payments market, removing the monopoly of the credit cards. Ridiculous transaction fees and
by ramblerman 9y ago
For a lot of people Bitcoin was what was going to disrupt the online payments market, removing the monopoly of the credit cards. Ridiculous transaction fees and slow payments don't help that goal.
The digital gold narrative is newer and perhaps more powerful but I wouldn't call the transaction fees irrelevant.
- CyberDildonics 9y ago> The digital gold narrative is newer and perhaps more powerful but I wouldn't call the transaction fees irrelevant. The digital gold narrative comes from the blockstream|core|/r/bitcoin narrative that is desperate to keep the block size limit from expanding because their entire business plan is based around it. Anyone with common sense can see that a currency without fluid transactions is not very valuable, but with the constant and excessive censorship on /r/bitcoin and bitcoin talk some people have bought into thinking this somehow makes sense.