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,
$ .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,
Well, these have been the byproducts of the unsettled debate/rift (whatever you want to call it) between the Bitcoin Core and Bitcoin Unlimited. If they don't come to an agreement, these problems will persist and plague the BTC community. Being decentralized doesn't mean you have to pay for high transaction fees. Anyway, even if we are experiencing these problems, the adoption of BTC by the community is still there.