Post
Topic
Board Bitcoin Discussion
Re: It costs $0.09 cents to send $0.24 cents of Bitcoin? Really?
by
galbros
on 18/08/2014, 00:02:38 UTC
Yes its the dumb ass like you dont understand the economic of bitcoin infrastructure. You can send btc with any amount as a fee. But that tx will not be confirmed for a very long time.

I know how Bitcoin works.  Im making a point.  I am able to send up to $5,000 completely free of charge from one Chase bank account to another persons Chase bank account, instantly.  With no miner fees or waiting time either.

What a dumbass I am.  And now you see another reason why consumers have zero incentive to use Bitcoin.  Because dumbasses like you think this is a "dumbass" thing to take issue with.   Rather than addressing it as a real issue for future consumer adoption.  Which it is.

-B-

I think the analogy with the Chase example would be sending from one Coinbase account to another, I agree, that should not require a fee.  As others have noted the standard fee is .0001, which may preclude micropayments but is better than Paypal would be.