Post
Topic
Board Bitcoin Discussion
Re: John Nash created bitcoin
by
dinofelis
on 19/04/2017, 05:56:42 UTC
If fee is fixed at 0.001 BTC minimum, then yes we have a problem.
But if fee is fixed at particular %, in this case is (0.001 * 1000000) / 1000000 = 0.1%, then the fee for buying an i-phone will be 0.00000012, or 12 satoshis.


Ok, but then the fee is not "proportional to the bitcoin price" as I thought you said.

Quote
You may say bitcoin is anonymous bla bla bla...... but hey, that's up to your understanding.
My understanding is that bitcoin will be the BEST surveillance system.

Oh, but I fully agree with you.  I always say that bitcoin is by far LESS private than fiat.  Bitcoin is a privacy night mare.  It is absolutely NOT anonymous on the contrary.   This is why people doing dark markets with bitcoin, tumbling on an FBI tumbler, are out of their mind.

This is why I only consider seriously anonymous coins, like monero, and to a lesser extend, zcash (lesser, because not compulsory anonymous).  (DASH is a joke in that respect).

But people will soon learn this, and it will be another reason to avoid bitcoin.