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Paying $15 to Send $25 Has Bitcoin Users Rethinking Practicality

6 pointsby mbgaxyzover 7 years ago

2 comments

freechover 7 years ago
You know how much I&#x27;m justified to spend to protect myself from loosing 2% of my money in one year, due to the central bank adding 2% to the money supply?<p>If my time horizon is 1 year?<p>That&#x27;s right: 2%<p>If my time horizon is x years?<p>-0.98^x + 1<p>15$ in transaction fees is nothing.<p>Also, props for the title, which mentions the money sent as if that were relevant for the transaction fee, as if the transaction were a percentage of that.
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Rallerbabsover 7 years ago
Baloney. Transactions have been very cheap for the past few months.<p>Fees only go high when big blockholes are logjamming the mempool with spammy 1 satoshi transactions, in a misguided attempt to further their big block agenda.