Quote:
Originally Posted by anondev
Forget about BTC. It's not suitable for payments due to high fees, slow transactions and spoiled codebase.
I don't think there are a lot of idiots who will pay 15$-50$ fees for 1$ sign up and will wait days for transaction confirmations to get paysite access. So, forget about this Bitcoin shit as payment option.
Almost any other crypto is pretty good idea, but people still not ready to use it.
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This post just goes to prove that some people have no idea what they are talking about.
The fees involved with bitcoin transactions are tiny. You can literally send millions of dollars for less than a buck.
If you are talking micro transaction like a $1 then the fees are fractions of a penny.
The costs arise when you want to convert your bitcoin to USD or some other fiat currrancy but this doesn't affect the end user.
Confirmation times are also near instant. It's upto you, as a site operator to decide the risks. Sure, you could wait for 10+ confirmations (just to be sure) or you could just wait for 1, or possibly 2. I doubt many would double spend to save a couple of dollars.