Quote:
Originally Posted by Pink24
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 $1 then the fees are fractions of a penny.
Confirmation times are also near instant. It's upto you, as a site operator to decide the risks. Sure, you could wait for 10+ confirmations (just to be sure) or you could just wait for 1, or possibly 2. I doubt many would double spend to save a couple of dollars.
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Lol :-)
"goes to prove that some people have no idea what they are talking about." you wrote this is about yourself? :-)
I have the proof. What do you have? Only this lie mantra about "instant" and cheap transactions?
Have you ever used BTC for payments or you only store it on exchange to make profit?
Okay, lets check the proof: jochen-hoenicke.de/queue/#0,30d this is monthly fee/mempool tx chart. It show us that BTC mempool is always "busy" with non-confirmed transactions up to 90000 tx and fees up to 120 sat/B in some days. So, median fee for this month is near 3$ per transaction (some people pay more to get it confirmed quickly, but
never instant, because
BTC not supported instant payments.
Current next block fee of the time of writing is $3.44 per transaction. Again, I understand that there are some idiots who would pay additional $3.44$ fee for one buck sign up and will wait day(s) to get enough confirmations to get access, but I don't think that there are a lot of them :-) If you are ready to overpay, then do not think that there are a lot of fools. Of course, we have some. But not a lot
I showed you overwhelming evidence, what evidence do you have about instant lol and less that dollar transactions?