Post
Topic
Board Bitcoin Discussion
Re: It costs $0.09 cents to send $0.24 cents of Bitcoin? Really?
by
Ekaros
on 19/08/2014, 23:12:36 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-

You can send 5.BTC from your coinbase account to mine with no fees.  Try to send $0.05 , $5.00 or even $5,000 from your account at chase to any other bank, or convert it from USD to Chinese Yan.

You can also send that $0.24 with no tx fee or for that matter $0.005 if you wanted.  If the app that you are using doesn't allow you to change it, that is not a problem with the block chain rath with the app you are using.

I'm pretty sure I can transfer my 5€ to an other account in Europe for free. The currency conversions are bad still though.