Post
Topic
Board Economics
Re: Why do you use Bitcoin? A report to determine it's competitive advantages.
by
alex0909
on 14/08/2015, 16:45:26 UTC
Excellent poll choices. I wish there was a choice for "side step KYC", but I guess "decentralization" and "ease of access" covered that.


Thanks ! I appreciate, but i also had nice inputs from the community.

Perhaps we need a definition of what "low transaction fees" means. Low compared to other payment methods? For what amount?

Because personally I would consider even $5 / tx to be a low transaction fee. Others may think 0.2$ / tx is no longer a low transaction fee.


My point of view, is that transaction fees does not include the block subsidy of 25 BTC. It is the small network fee that would speed up the process. I consider that as long as it is ten times cheaper than CC's it is a valide point.

My report points out the huge fees and risk of credit cards.

Keep the votes coming Smiley