Re: BTC, Transaction Fees now $ .60 , Now Cheaper to send a Money Order
BTC officially sucks,
$ .60 fee to send BTC, this is on top of a $2 cost to convert from FIAT to BTC.
So now the Minimum Cost to send $20 of BTC is $2.60 .
That is a 13% fee of the total amount.
It is now cheaper to send money by using a Money Order than BTC, and with the large # of unconfirmed transactions,
mailing a money order may be faster.
BTC is Now Slower than the US Postal Service,
This will make Google wallet most popular than bitcoin as an alternative to send and receive money online $ .60 fee to send BTC, this is on top of a $2 cost to convert from FIAT to BTC.
So now the Minimum Cost to send $20 of BTC is $2.60 .
That is a 13% fee of the total amount.
It is now cheaper to send money by using a Money Order than BTC, and with the large # of unconfirmed transactions,
mailing a money order may be faster.
BTC is Now Slower than the US Postal Service,
I don't know what happened, but it will broke bitcoin users with that increasing fee. Something is need to be fix.