3 ms·
Not much of a use case unless you want to move large amounts. https://ycharts.com/indicators/bitcoin_average_transaction_fee https://ycharts.com/indicators/bit
by sireat 5y ago
Not much of a use case unless you want to move large amounts.
https://ycharts.com/indicators/bitcoin_average_transaction_fee https://ycharts.com/indicators/bitcoin_average_transaction_f... - and current $1.76 is considered low compared to $50 per transaction craziness. So you have to go offchain
Again, I paid BTC for a laptop 9 years ago and it made sense for me then since it was mined BTC from 11 years ago.
In order to use BTC you need to obtain BTC and transaction fees kill any normal day to day use case.
This leaves BTC for less than legal uses where you do not care about fees.
So BTC itself might not qualify as a scam but as a mega enabler of scams and illegal activity.
EDIT: that $1.76 is just a on-chain fee for the network, most stores will charge you extra to use BTC since they do not care about BTC they want to cash out immediately so they use a 3rd party.
So unless you get paid in BTC you have very little reason to use BTC for payments.