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They should probably focus on implementing segwit instead of these shenanigans. BitPay lost a lot of credibility when they published instructions telling peopl
by brndnmtthws 9y ago
They should probably focus on implementing segwit instead of these shenanigans.
BitPay lost a lot of credibility when they published instructions telling people to "upgrade" their Bitcoin wallets by switching to btc1, which was a hardfork that failed spectacularly. What they did was bordering on fraudulent.
- x775 9y agoSure, and a 40% transaction fee reduction sounds great in theory, but with a median fee of ~$28.58 (https://bitcoinfees.earn.com/ https://bitcoinfees.earn.com/) it will still inarguably leave BTC at a significant disadvantage compared to virtually every other available payment option. Mind you, this calculation is done at current prices and network congestion; the numbers can only be expected to increase assuming further adoption. Not viable.