3 ms·
Transaction fees are remarkably low (< 1$ even at 10 sats /vbyte); they were extremely high for a period of time in 2017-2018 (IIRC) , which some believe was Ro
by chromatin 5y ago
Transaction fees are remarkably low (< 1$ even at 10 sats /vbyte); they were extremely high for a period of time in 2017-2018 (IIRC) , which some believe was Roger Ver spamming the mempool during the block size wars.
As for speed, the lightning network (which is an L2 overlay using the same opcodes and enforceable on the main chain) completes payments in seconds (or less). I was shocked to discover in late 2021 how far LN has advanced since I first became aware of it a few years ago.
I won’t extensively address “The drawback of no regulation” right now, but suffice it to say that I see the potential benefits of transacting free from dystopian corporatist-government oversight outweighing the potential drawbacks, not only for disaffected groups, but for everyone.