Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
notme
on 31/07/2015, 08:29:07 UTC
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Quote
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...




except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times


you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...


Somebody has to pay all the THs of mining power burning all the electricity 24/7...


https://blockchain.info/charts/cost-per-transaction

Your point still stands with the $10 the actual data shows...there is no reason to be hyperbolic.