Post
Topic
Board Altcoin Discussion
Re: why don't speed btc up a bit.
by
hvezdasmrti
on 26/05/2014, 09:48:33 UTC
I dont agree at all, all other coins are useless for transactions if you dont want to pay high fees, they are usable only for MICROtransactions and tiny transactions.

You can buy e. g. doge for 71 satoshi, but you cant sell it for 71 again, you will sell it for 70 or you have to gamble and hope that the coin goes up in value (bad idea when sinking like now). So if you transfer e. g. 0.05 BTC you will pay 0.05 x (71/70) fee = 0.000714 BTC So you pay 7 times more than if you sell directly your BTC and pay 0.0001001 BTC fee. So this way is profitable only for sending really ridiculous amount of coins below approx. 0.005 BTC. But what you will sell for 0.005BTC? Pizza costs 0.015BTC (cheapest margheritta)  Grin