Quote from: danherbias07 on August 24, 2017, 11:58:56 AM

Quote from: cjmoles on August 24, 2017, 05:15:06 AM

Quote from: Ilsk on August 24, 2017, 02:45:49 AM

Here there is a cool experiment, using a Bitcoin bidirectional payment channel to do transactions off-chain and exchanging secrets and commitment transaction on Twitter.

Have a look at this thread: https://twitter.com/FedericoTenga/status/900541985790078976

Well, that's a lot better than paying on the blockchain! Right now the fee for a standard (within 6 blocks) transaction is ~5.44 USD (https://estimatefee.com/). Who's going to purchase a cup of coffee with bitcoin at that rate? It's getting ridiculous! It's beginning to look like there may be a problem with the bitcoin protocol....something else surely needs to be considered here.

Almost 2 cups of coffee again just for the transaction fee. Hell I would not use that too.
Why it is the damn coffee that is always use for experiments? Where are the lab rats? Grin

Why not some valuable thing that is worth the pay. But truly, changes should be made on how much a fee should really be, specially when the transaction is just a low amount of satoshis. Undecided

LOL because coffee is the elixir that gives the developers the power to code all night long and produce awesome inventions like the blockchain technology.