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Each bitcoin transaction costs about $50 now. They're quite a bit more onerous to use than cash, thus people use "exchanges" which are controlled by for-profit
by cultus 6y ago
Each bitcoin transaction costs about $50 now. They're quite a bit more onerous to use than cash, thus people use "exchanges" which are controlled by for-profit private interests.
- flotzam 6y ago> Each bitcoin transaction costs about $50 now. That's off by a factor of 18 even if you want it to be fast, according to https://bitcoinfees.earn.com https://bitcoinfees.earn.com "The fastest and cheapest transaction fee is currently 110 satoshis/byte, shown in green at the top. For the median transaction size of 224 bytes, this results in a fee of 24,640 satoshis." = .0002464 BTC = $2.81
- Wheaties466 6y agoI just processed a bitcoin transaction and paid ~1.52 in fees. That was this morning.
- deleted 6y ago[deleted]