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Well, there was about a month or two when Bitcoin looked more like a store of value than a medium of transaction at any rate. Fees are starting to look increasi
by makomk 9y ago
Well, there was about a month or two when Bitcoin looked more like a store of value than a medium of transaction at any rate. Fees are starting to look increasingly more reasonable now that the insane growth and massive speculation has stopped. (There's reason to suspect that during the worst of that period, a rather large proportion of transactions were to and from Coinbase/GDAX - not helped by the fact they don't batch withdrawals and have enough revenue to just throw money at transaction fees, which of course drove up fees for everyone.)
- chocolatebunny 9y agoI haven't been keeping up with this. What's the bitcoin transaction cost now?
- makomk 9y agoThey were under a dollar after dropping for several days straight, not sure where they are now or where they're going to end up either in the short term or once SegWit finally comes into widespread use. (It'll probably take a while for the transaction cost estimators and average transaction fees to catch up in any case; there's a lot of software generating very slow, conservative fee estimates.)
- takeda 9y agohttps://bitinfocharts.com/comparison/bitcoin-transactionfees.html#6m https://bitinfocharts.com/comparison/bitcoin-transactionfees...
- deleted 9y ago[deleted]
- Jach 9y agoIt's a bad idea to use the "average" for a measure of what the fee is "right now". https://bitcoinfees.earn.com/ https://bitcoinfees.earn.com/ is a much better source.
- takeda 9y agoYes, but that one gives values in a currency that no one who doesn't already know the answer to this question would know or care about.