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> I'm not clear on how a btc debit works but that seems foolish. Not sure there's any response possible for that one. "I don't know how it works, but I think
by Frogolocalypse 9y ago
> I'm not clear on how a btc debit works but that seems foolish.
Not sure there's any response possible for that one. "I don't know how it works, but I think it's dumb."
> Now the transaction fees are exorbitant.
Every standard sized bitcoin transaction bar the past three days (and those will too), that people paid over 5c for has been committed to the blockchain.
- leshow 9y agoEither pay a ridiculous fee or wait a ridiculous amount of time for confirmation? Replace by fee is a thing, as long as the tx is unconfirmed it could be replaced. You're effectively saying the wait time is now 3 days unless you want to pay a fee of several dollars. So that rules out most transactions. How do you pay for anything given those restrictions?
- Frogolocalypse 9y agoBy aggregating commits to the blockchain, and doing them in batches.
- leshow 9y agoSorry but non of this sounds very convenient or useable. It seems like you just really like btc so you're making concessions on usability.
- Frogolocalypse 9y ago> Sorry but non of this sounds very convenient or useable Then you don't understand how bitcoin works, so it's probably best you refrain from commenting on bitcoin architecture. https://www.youtube.com/watch?time_continue=6&v=4E3NiDC9i8E https://www.youtube.com/watch?time_continue=6&v=4E3NiDC9i8E
- leshow 9y agoYou can't explain how your bitcoin debit is usable without paying a high fee or waiting a long time, so I don't know how bitcoin works? I hardly think that's fair. Your responses are practically non-sequiturs. Lightning network hasn't been rolled out yet. It has nothing to do with our conversation.