3 ms·
High fees In 2017 during an explicit attack on the network with spam, such that the spammer doesn’t have much BTC anymore. I haven’t paid over 1sat/vB for years
by randomhodler84 5y ago
High fees In 2017 during an explicit attack on the network with spam, such that the spammer doesn’t have much BTC anymore. I haven’t paid over 1sat/vB for years. It’s the cheapest it can be onchain. Negligible. Ethereum on the other hand is broken with it’s gas calculation model with the unit of account being worth so much. Don’t touch ethereum these days, it’s bad.
- knorker 5y ago2017 is not the only time this has happened. It was $62 in Apr 2021, for example. CC payments and bank transfers are also way faster than bitcoin, even when bitcoin isn't having an outage. In the US bank transfers are slow, for some reason, but in Europe they're not.
- randomhodler84 5y agoBitcoin has not had an outage since 2013. Actually, you will find settlement time is actually much longer than instant SEPA, and other methods have 1 and 2 and 3 day transfer times too. The instant thing is an illusion granted by centralization. But of course your are talking about banks because you are missing the point of the exercise.
- knorker 5y ago> not had an outage You just said 2017. I said 2021. And there's also at least 2018. > You will find that I will not find that, because i told you what my experience is. > Illusion Illusion or not, it's real. /s > Missing the point of the exercise The point being lying and contradicting ir sequential sentences to pump a pyramid scheme. Cryptocurrency on is not fit for any of the stated purposes, and HN will ban us both if we continue, so i bid you good day.