4 ms·
considering recent bad press the cost of the additional transaction fee seems like very cheap insurance
by spritefs 4y ago
considering recent bad press the cost of the additional transaction fee seems like very cheap insurance
- dragontamer 4y agoThe cost of a transaction fee varies from anywhere from $1 to $50 depending on network conditions, and those transactions can take anywhere from 10 minutes to 10 days to complete. People don't like "market rates" for transactions that change day by day, hour by hour. People also don't like their transactions getting stuck in the queue for days-and-days on end, possibly causing commerce issues. ------- Or as people used to say about a year or two ago. BTC is no longer about transactions, its now about store of value. Except now we've lost the store of value story, since BTC declined by 60%+ (on top of inflation). So BTC ain't that either.