Post
Topic
Board Bitcoin Discussion
Re: Everyone is celebrating about the fourth halving but what is this?
by
larry_vw_1955
on 25/04/2024, 00:40:29 UTC


I understand and agree with what you’ve said, indeed, Bitcoin wasn’t created to compete with the current system in regard to being cheaper with transaction fees.
alot of people think because it's "digital" it was designed to be "cheaper". nonsense. in this case. with crypto.

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However, how much it costs is not irrelevant to everyone.

of course not. but being able to send money cheaply or even cost effectively there's no guarantees for that in the bitcoin protocol and there never will be. and its sad that people have to try and "time" when they submit their payment so they can get a cheaper fee. it's like being reduced to a beggar.

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For some, it actually matters for how much they are transacting, or would you rather make a transaction and pay a transaction fee equivalent to the actual value transacted? Depending on the amount being transacted, the transaction cost may be a cause for concern.
ask the designers of bitcoin why they set it up that way then. it wasn't me.  Angry