I love the work that you guys do!
But Erik, why do you say Bitcoin has no fees?
But Erik, why do you say Bitcoin has no fees?
Two answers:
1) Bitcoin can be sent without a fee. This is a fact.
2) The normal fee that is included with typical transactions is so god damn tiny that it may as well be nothing. A fee that is a fraction of a penny is not even worth discussing.
I don't know.. it just rubs me the wrong way kind of like some kind of a salesman who wasn't entirely honest with me about his product/service. Yes it's true you can send bitcoins without a fee but this has consequences, consequences that for many are not practical to deal with and therefor they pretty much need to pay a fee. And a super small fee isn't equal to no fee.
I don't know why, you can't just be honest and say "The fees are practically nothing and plus they're optional!" - that would sound a lot better to me than telling someone "Bitcoin has no fees!" and then they research it and they learn "Oh wait, seems like there are fees here after all.. Hmm if they lied about this, what else did they lie about??".
Do you know where I'm coming from?
We have a hard enough time with skepticism and wild theories as it is, I just don't see why it would be a good idea to risk making things even harder on us and our case for Bitcoin.
This wording is way better.
I hear you Hazek. Sometimes I say it in the way you described, sometimes I say "no fees". Again, because they're so tiny I don't see a signficiant difference between "no fee" and "super super tiny micro fee".
If you tell people that it has "extremely low fees" they are just as likely to think that means like, 1% or something, because that is extremely low for money transfer. Consider $10,000 transfers, and 1% becomes significant. But with Bitcoin, $1,000,000 can be sent with a "fee" of half a penny. As far as I'm concerned, this is a fee-free transfer.
See where I'm coming from?
