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Bitcoin Pizza accepts Bitcoin this time
- amelius 5y agoWorld's most environmentally unfriendly pizza.
- loudandskittish 5y agoProblem is, you could end up spending $3.8 billion on pizza.
- meowface 5y agoNeal Stephenson, eat your heart out
- russellthehippo 5y agoYeah it's actually kind of funny - real HODLfolk would never spend crypto when they could spend fiat
- wannabebarista 5y agoI didn't realize that Bitcoin's transaction fees had dropped enough to make this somewhat feasible: https://ycharts.com/indicators/bitcoin_average_transaction_fee https://ycharts.com/indicators/bitcoin_average_transaction_f....
- gruez 5y agowhat changed? Usually when there's a run-up in price, transaction fees skyrocket. I always thought it was from all the people transferring to exchanges to cash out, but why not this time?
- kaetemi 5y agoMore systems have been switched over to the segwit native addresses, which have cheaper transactions. A simple transaction can be as low as 30ct nowadays.
- gruez 5y agoUnder the best case comparison (legacy P2PKH compared to native segwit), segwit is only 50% smaller. Under more realistic comparisons (P2SH segwit vs native segwit), the difference is much smaller. Is a 100% increase in transaction volume (more realistically I estimate 50%) enough to make the network go from congested with sky high fees (I remember periods where the clearing rate was 200+ sat/byte) to almost zero congestion?
- neb_b 5y agoThe lightning network is getting more popular. More people are using that for smaller transactions