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Even at that amount it's not really worth it. I paid with Bitcoin for a $70 purchase the other day and paid $2.50 in fees. I won't do that again. Compare that
by mattm 9y ago
Even at that amount it's not really worth it. I paid with Bitcoin for a $70 purchase the other day and paid $2.50 in fees. I won't do that again. Compare that to the past when my fees would be less than a penny and not worth worrying about.
As for lightning network, let's wait and see once it's actually completed. Can Bitcoin afford to wait that long? The core developers are taking an awfully big risk when Bitcoin cash had shown that bigger blocks are not an issue.
- thisacctforreal 9y agoWith Stripe it would have cost $2.33, at 2.9% + $0.30
- charlesdm 9y agoThough it wouldn't have taken hours, potentially up to a day, to complete the transaction.
- wyager 9y agoIt takes 90-180 days for a credit card transaction to clear, while it takes a bitcoin transaction ~10 minutes. You’re comparing the wrong thing. Retailers typically just eat the CC chargeback fraud costs, while bitcoin stores don’t (because the transaction clears pretty fast anyway).