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The actual cost per transaction in Bitcoin is ~$150 now once you include both the direct transaction fee and the miner reward (inflation cost). It's an incredib
by lalaland1125 6y ago
The actual cost per transaction in Bitcoin is ~$150 now once you include both the direct transaction fee and the miner reward (inflation cost). It's an incredibly inefficient technology.
- gruez 6y ago>and the inflation costs compared to the endless money printing done by the fed that still seems like a bargain. https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
- throwaway1777 6y agoStrawman argument since there are other ways to hedge inflation.
- gruez 6y agoHow is it a strawman argument? The point is that you're factoring in the inflation cost for BTC, but not the alternatives such as USD or even gold.