OK first of all you're doing some mass averaging here. Thats NOT the same thing as a median!
your using median.. thats so much fail on you
4,4,5,8,16
your median is 5
average is 7.4
so your under estimating.. (your pink fluffy clouding numbers)
This makes little to no sense. "Median" the most commonly used tx fee, aka 4 cents.
secondly, lack of a fee priority mechanism that is designed to cost an individual more if they individally bloat a block by sending a transaction with one confirm over and over, causes EVERYONE to pay more
You're right; I've been paying 8 cents. Not exactly a deal-breaker.
the "free market" of a fee market is not helpful. its actually harmful
And what's your alternative?
a proper fee formulae needs to come back in play that actually treats people individually based on their circumstances...
Uh, right, I also mentioned people that pay a $1.00 fee to transact $10,000 worth of BTC. What's the holdup?
if everyone paid 4cents everyone wont get "fast" transacting
Nobody said that they will.
plus your using the same lame argument that it can cost you as little as 10cents to make a cup of coffee at home. so expect to pay that for all coffee no matter where you go
You've gone beyond reaching into delusion.
as for "not exactly expensive". im guessing your ignorant to the part of the planet where under 20cents is an hours labour
you do know that things are not like the 1980's
yea no one is going to spend $600 on an iphone.. but there are cheaper smartphones people have. oh and as for no access to internet/cellular service.. maybe you need to research Mpesa. and countries which skipped passed landlines and decades of 54k, 0.5mb-5mb broadband, fibre.. yep skipped all that and moved straight to 4g/5g
People do spend actually $900 on an iPhone... And a $40 smart phone isn't necessarily "cheap" to a lot of people BTW. All you're doing is highlighting how out of touch with the world you are.
and as for your mindset that bitcoin should only be for developed countries and rich people.. thats putting up barriers of entry and excluding people.
Show me where in the white paper it says bitcoin was supposed to be used by absolutely everybody on planet earth.
im not the one saying bitcoin is bad.
you are actually. you tear down bitcoin at every turn and offer no viable alternatives. feel free to fork a "Frank Coin" and lets see how far you get with it. Please -- instead of commenting on this forum, that's really where your time would best be served.
lets get to the point. i understand that you thinking 20cents is reasonable, because your greed is HOPING that if you get LUCKY to be a factory you can charge upto 19cents and still be seen as cheaper..
What a weird argument. Four cents Franky. The magic number is four cents.
but pushing bitcoin networks to a "its ok to be expensive for millions of people" is not open barrierless mindset. thats just selfish hope of greed
Frank. The world is a big place. Obviously bitcoin can't be viable for all of them. We're sorry to let you down.