3 ms·

>The sending costs an unknown amount, takes an unknwon amount of time, This is a downright lie. >the receiver gets something but none of you can predict how m

>The sending costs an unknown amount, takes an unknwon amount of time, This is a downright lie. >the receiver gets something but none of you can predict how much that is actually worth by the time they receive it This is just misleading, the recipient gains control of the transmitted bitcoin almost instantly. Confirmation delays are known.

chx 7y ago
I do not lie. > The sending costs an unknown amount Here's you can see historic daily average Bitcoin transaction fees both in dollars per transaction and in satoshis per byte https://bitcoinfees.info/ https://bitcoinfees.info/ > takes an unknwon amount of time Here's the average time for one confirmation: https://coincentral.com/wp-content/uploads/2017/12/Screenshot-2017-12-06-15.35.05.png https://coincentral.com/wp-content/uploads/2017/12/Screensho... here > This is just misleading, But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction.
- ryanlol 7y ago
  Fees are always knowable, the real average confirmation time for transactions with appropriate fees is fixed at 10 minutes. >But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction Well yes, but this is known beforehand. There are many mechanisms you could use to hedge your risk here.
  - chx 7y ago
    > There are many mechanisms you could use to hedge your risk here. Do you even hear yourself? We started from very easy to use and now we are at hedging strategies...
    - ryanlol 7y ago
      I don’t think I’ve ever said it was very easy. I don’t really have all that many good things to say about cryptocurrencies. I was merely objecting to your false claims. Bitcoin & co. have enough problems as is, there’s no need to invent imaginary ones.

chx 7y ago

I do not lie. > The sending costs an unknown amount Here's you can see historic daily average Bitcoin transaction fees both in dollars per transaction and in satoshis per byte https://bitcoinfees.info/ https://bitcoinfees.info/ > takes an unknwon amount of time Here's the average time for one confirmation: https://coincentral.com/wp-content/uploads/2017/12/Screenshot-2017-12-06-15.35.05.png https://coincentral.com/wp-content/uploads/2017/12/Screensho... here > This is just misleading, But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction.

ryanlol 7y ago
Fees are always knowable, the real average confirmation time for transactions with appropriate fees is fixed at 10 minutes. >But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction Well yes, but this is known beforehand. There are many mechanisms you could use to hedge your risk here.
- chx 7y ago
  > There are many mechanisms you could use to hedge your risk here. Do you even hear yourself? We started from very easy to use and now we are at hedging strategies...
  - ryanlol 7y ago
    I don’t think I’ve ever said it was very easy. I don’t really have all that many good things to say about cryptocurrencies. I was merely objecting to your false claims. Bitcoin & co. have enough problems as is, there’s no need to invent imaginary ones.