Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 06/04/2016, 22:32:37 UTC
i disagree, i believe that is a serious problem. i own a bunch bitcoins, however, i am not going to lie to myself and try to convince myself or anyone else that there is nothing wrong with bitcoin. clearly, to anyone with intelligence, there is a problem with bitcoin taking 75 minutes to clear. online business might find bitcoin useful, however, starbucks will find it annoying.

it takes 10mins to clear if you have the appropriate 5cent fee...


starbucks will still find a 5min wait annoying.. i wouldn't pay .05 more a transaction for my coffee just for hell of it tax... that fee is not set in stone. it is going to continue to increase if the bloatchain continues to grow bandwidth. which is part of the argument of the "cripple coiners" who want to cripple the bloatchain to increase the fees. ... how much is .05 in bitcoin anyways.


If you were able to support your own lame conclusions, you should be able to make simple calculations in order to show that you know what the fuck you are talking about.

It's similar to your failure and refusal to provide sufficient information regarding your coinbase limit problem.. you fail and refuse to engage in basic research and/or knowledge and selectively pick your facts.

By the way, at this time, $.05 is about a tiny bit above .0001 BTC... look at bitcoin's exchange rate.. it is about $421, and therefore, .1BTC would be $42.10, and .01 BTC would be $4.21, and .001 BTC would be $.421 and .0001 BTC would be $.0421  etc etc etc


i don't have time for it atm. maybe next week i have some extra time to calculate how much my fee should be. next week it might take .06 to complete a transaction in 5 mins. you missed the point.

seems to be a fairly minor problem (and likely premature) in the whole scheme of things....

at this time, transferring value around seems to work pretty good to have $10k or even $30k moved around for less than $.10.. even if it is not clear whether in the future it will cost $.04, $.05 or $.06 .. .and whether such transferring could be done for free or if it could possibly cost $1 under some circumstances in 5 years. 

There is a lot of unknowns in the worlds, and it is not the end of the world to have various unknowns that will likely be known (or at least better known) at a later and more relevant date.