the thing is high fees hurting bitcoin IMAGE.
thats the biggest down side
There are no high fees in bitcoin.
fine then,
the endless debate with 0 progress for years is hurting bitcoin image
better?
the simple fact that the video "what is bitcoin" where it says "no fee", which now needs to be changed to "only ~5cent fees"
is a huge setback.
Americans (I guess you are also exhibiting the same pattern even if you are a Canadian) always blow my mind. They are burning fuel by the gallons, they can buy all types of junk for hundreds or thousands of dollars, they've been born in such abundance and quality of life that they can afford to say things like "
ohh fuck bloat, I'll just buy a hard disk that costs 300$" (which is the wage of a developing nation worker) and the next minute they'll be saying things like "
I don't want to pay 1-2-5 cents in fees" or they'll be pushing for the massive destruction of value, such as in the case of a contentious hard fork, saying that this will somehow lift some obstacle and increase their ...value. It's plain stupidity.
Only people who are taking abundance for granted can be pushing for situations where the destruction of value can be promoted as "solution"
to issues that they are lucky enough to don't even have to care about, like the 2-3-5 cents in fees.
You know, there are very poor countries where even the 2-3-5 cents are actually money that one can do something in their life, like buy something to eat. I would respect those if they actually complained. But you know why they would not complain? Because they would understand that all alternative payment systems are asking them not 2-3-5 cents, but 100 times that. The cost to transfer around 200$ over the globe, through a bank wire, a western union transfer or paypal is
in the tens of dollars, if you include all fees and commissions.
Last, but not least, there are countries, in which people suffer from fluctuating currency rates and who appreciate Bitcoin's store of value characteristics as their national currency slides downwards. And then there are all those who already enjoy the privilege of being in a country with stable or strong currency and who are like "
fuck that, let's now destroy bitcoin's value for the lolz through a hardfork... let's fork the currency because, well... I don't like core devs".
I know I haven't directly addressed the point about the ...video and the fees, but the answer is there, between the lines.
you call me an "American" O_O, ya well your mom's a bitch and you know what that makes you!
lol! just kidding.
I'm sorry if i sound all emotional about 5cent fees... but yes i do believe this hurts the image, maybe not the fee
per say, but it's more about all the random "why are my TX not going thorught" and then asholes being like "you dumb ass you didnt pay the appropriate fee DUH! "
everything is NOT fine, sure it all works and still relatively cheap, but you can't say all this BS hasn't hurt bitcoin's image and price, in my view blocksizebitchfest has hurt bitcoin
on multiple levels. fuck there a huge devied in the comminty now, who's to blame?? idk the specific poeple dont matter, the point is blocksizebitchfest is a HUGE source of FUD from all angles and there is no end in sight.