Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 17/09/2016, 18:44:25 UTC

.......The $66 value, or whatev, has absolutely zero impact on the priority of a transaction, JJG might be surprised to hear.


Why do you seem to feel some kind of insecurity in that you want to try to battle with me regarding some point that I did not make?

For your edumacation, BMBG, that's referred to as a strawman argument, which by definition is a creature of your own creation.

I would like to point out, however, that frequently folks raise the issue of transaction amount and fee amount in the same sentence in order to clarify the current fee situation within bitcoin in which, as you pointed out BMBG, largely the fee amounts are not synchronized with the transaction amount - and so a transaction will receive a very similar levels of priority in processing based on the pure fee amount (which could be anywhere between $.02 and $.20), yet the value of of the transaction could be $66 or $66,000 .. yet people still like to disclose the value of the transaction in order to consider the value of the bitcoin network and to compare fees that may exist in mainstream fiat institutions or some kinds of attempts to electronically transmit value outside of mainstream fiat institutions.

Go home JJG, ur drunk.

https://bitcointalk.org/index.php?topic=994.msg12168#msg12168

Thanks for your historical reference and your attempt at an appeal to authority, yet what does your linked reference have to do with my discussion of the matter and various points that I made?   

Like I suggested before, you seem to be a bit deluded and you do not seem to be tawking in dee engwish... Can you splain a bit regarding what you are talking about and how it relates to any of my recent posts?