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You can also look at this from another angle. I bought today $5 iTunes code using a Lightning wallet, which is the new payment layer over bitcoin, think of it
by BMSmnqXAE4yfe1 6y ago
You can also look at this from another angle. I bought today $5 iTunes code using a Lightning wallet, which is the new payment layer over bitcoin, think of it as Bitcoin 2.0. 1 second confirmation time and 20 cents fee (compared to 10+minutes wait and $3 fee with Bitcoin 1.0). The seller didn't need my name and address. Nobody knew about my purchase, and I didn't need nobody's permission to trade.
This is why Bitcoin is going to $1m, and not because of what TSA agents say.
- BTCOG 6y agoPeople often falsely tout absurdly high fees because they so choose to try to move the money as quickly as possible on a whim and choose to pay such a multi-dollar fee. Those of us who use bitcoin regularly understand that if one plans to send hours or days in advance, it's simple and straightforward to move millions of dollars at once for 25-50 cent fee, flat rate. Just because 1k people say they paid $5-10 fee to move bitcoin, doesn't mean they know what they're doing.
- BMSmnqXAE4yfe1 6y agoYou just haven't been around Bitcoin at FOMO times. I used to pay $50 fees back in 2017.