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Is bitcoin even usable to buy things online anymore? The transaction fees are so high that it seems useless for anything but speculation at this stage. Seems

by Fuxy 9y ago

Is bitcoin even usable to buy things online anymore? The transaction fees are so high that it seems useless for anything but speculation at this stage. Seems to me that it completely lost its original purpouse if that doesn't get ajusted somehow. Say 1% of transaction value with a maximum of the current transaction fee maybe.

tehlike 9y ago
how is this comment relavant? Bitcoin is only one of the cryptocurrencies traded on exchanges.
- Fuxy 9y ago
  It's the only crypto currency some sites take as payment instead of card. Correct me if I'm wrong but i have't seen any sites taking anything else so as far as I'm aware all the other crypto currencies have only ever been used for speculation. And i believe how a currency is used is quite relevant if you ask me.
  - lagadu 9y ago
    There are a few websites that accept other tokens but they're few and far between, nothing like bitcoin.
  - tehlike 9y ago
    This is for monero: https://www.projectcoralreef.com/all-stores/ https://www.projectcoralreef.com/all-stores/ Nothing huge, but something.
- bufferoverflow 9y ago
  What do you mean? Even if you're talking about Korean exchanges only, they trade a dozen different cryptocurrencies - Ethereum, Bitcoin Cash, EOS, QTUM, Monero, ZCash, Litecoin, etc. Example: https://m.bithumb.com/wallet/P102 https://m.bithumb.com/wallet/P102
  - tehlike 9y ago
    That's exactly what i said "only one of" not "the only".