Ninjastic
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Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
larry_vw_1955
on 23/05/2023, 06:53:34 UTC
Quote from: Volgastallion on Today at 01:48:56 AM

Exactly, no one complained strongly about a fee of one dollar, the complaints begin to arrive when they are worth 10 dollars, the problem is that surely you are going to put another one there but, since "it is only temporary, do not complain"
i don't know how temporary these higher fees are. i just know that i used to think ethereum was great because it only costed a penny to move whatever amount you wanted. those were the days. but then we got a rude awakening and it went something like this: "ethereum doesn't exist to help you pay low transaction fees for sending a few bucks around the world, you might have to pay way more than it would cost you to use western union or some other more traditional service." that's when i knew that cryptocurrencies were designed wrong.  Shocked

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But the reality is that people who move small amounts are killed by that. Imagine the scandal you would make yourself if, in the traditional system, JP Morgan charged you $1 for transferring $10 to a friend to eat a pizza.
the solution is simple. don't use JP Morgan to send money to a friend so they can eat pizza. send it some other way. that's your only real option. no one is forcing you to use JP Morgan just like no one is forcing to you to use bitcoin, right? whether someone wants to use bitcoin or not is up to them but if it doesn't make financial sense then they are just kidding themself that bitcoin is a good match for their needs...that's what i learned with ethereum and you only need to learn that lesson once.

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So what? That claim is legitimate, but we can't complain about the 10 usd fee?
please do complain. i like seeing people complain about the high fees because i'm not using bitcoin if it costs me $10 to send $100.

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It seems that we do not measure everything with the same rod
it seems like it should be easy to have a maximum transaction fee on a network. the problem is even if that were possible, that would require centralization which goes against the philosophy of bitcoin. you would need an oracle that told you what 1 satoshi was worth in a certain fiat currency like the becoming more worthless everyday US dollar...