Post
Topic
Board Bitcoin Discussion
Re: Bitcoin microtransactions are it's eventual demise?
by
DeathAndTaxes
on 04/02/2014, 21:54:30 UTC
This is why I still support litecoin even with the ASIC drama going on.  Paying $5 in bitcoin is not really feasible right now given the $.40 fee but paying $5 in litecoin is a $.02 fee.  I think they compliment each other, for now, until the BTC devs figure out a better fee scheme than what exists today.  Their is room for a single crytpo wallet that lets people store and use the various coins that make it through this year with valid support/dev.

and if you get paid in BTC, your "salary" doesn't go down every month, you still make the same in fiat terms, bitcoin is just worth more.  Ask Andreas if he minds...

What $0.40 fee?  Average tx size is 682 bytes.  At 0.1 mBTC per KB that is $0.08 rounding up to nearest KB (current version) and $0.05 using actual size (planned for future version).