The Downside of the Hype of Bitcoin Make each Transaction VERY SLOW with a Higher fee's. - GoFuckYourself.com

Brian mike · 04-23-2021, 07:44 AM

Some sites seem now to push toward using Litecoin (LTC) as their official crypto payment currency.

Litecoin (LTC) is a cryptocurrency that ranks among the top 10 in the crypto market cap. It was an early source-code fork of Bitcoin, created back in October 2011. Litecoin (LTC) addresses the shortcomings of Bitcoin in scaling to facilitate micropayments. The Litecoin (LTC) network processes a block every 2.5 minutes, rather than Bitcoin’s 10 minutes. This allows Litecoin (LTC) to confirm transactions way faster than Bitcoin and at much lower fees. The average transaction fee for Litecoin (LTC) is now ~ $0.50.

Slow transactions and network fees for Bitcoin and Ethereum payments are no longer sustainable for most users.

what ya think ?

Micky Mack · 04-23-2021, 07:57 AM

Very true. Bitcoin does take forever to confirm even when you use a higher fee.

Tasty1 · 04-23-2021, 08:10 AM

Doge is best.

Not normal the fees for Ether and BTC. A bank transaction or transferwise is much cheaper. Maybe Ether 2.0, Or maybe another coin will take over the ether position. Bitcoin is only for big amounts or Hodl as investment or trading as i see it.

Brian mike · 05-01-2021, 07:53 AM

thanks for the input guys

We are now playing with Litecoin (LTC)

iceboi · 05-01-2021, 08:03 AM

You might want to check out Algorand. Confirmations take less than 5 seconds and fees are less than 1¢.

This is one of the best eth competitors now. Along with Cardano and Solana.

Brian mike · 05-01-2021, 08:17 AM

Quote:

Originally Posted by iceboi

You might want to check out Algorand. Confirmations take less than 5 seconds and fees are less than 1¢.

This is one of the best eth competitors now. Along with Cardano and Solana.

Will look into those too, thanks for the tips

Pink24 · 05-01-2021, 04:16 PM

I am a member of the r/bitcoin subreddit. I once posted that I wanted to join a website. The fee to join was like 0.10$ or something. I tried to send BTC by Electrum and the fee was around $5. They didn't like it and deleted the post.
How is it in any way reasonable to charge so much to send bitcoin?
Even if you are patient and want to wait a few days it doesn't get any better.

I want to know what the best crypto is for day to day transactions that is likely to get accepted everywhere.

Or, can Bitcoin fix these issues with lighening? Fucked if I know.

ZTT · 05-01-2021, 08:02 PM

You should read r/buttcoin instead.

klinton · 05-02-2021, 01:08 AM

xrp is one of the the fastest and one of the cheapest, yet its a token.

there is also nano...

zijlstravideo · 05-02-2021, 05:36 AM

Quote:

Originally Posted by klinton

xrp is one of the the fastest and one of the cheapest, yet its a token.

No mining involved, that's the difference in speed and transaction costs. Same with Stellar (XLM).

celandina · 05-02-2021, 06:57 AM

Watch and weep

jscott · 05-02-2021, 07:23 AM

Quote:

Originally Posted by celandina

Watch and weep

You trying to spam these videos on all crypto threads? why not bump them all ?

This is what "noncoinerism cope" looks like. Should've taken more time to study Bitcoin, it's technology, money, inflation, etc. Instead just machinegun spamming a vid that supports your anti-BTC garbage.

jscott · 05-02-2021, 07:25 AM

Quote:

Originally Posted by klinton

xrp is one of the the fastest and one of the cheapest, yet its a token.

XRP is fast and cheap, no doubt, it's very similar to Paypal.

Fast like Paypal
Cheaper than Paypal
Centralized like Paypal

... also why now and forever they'll have issues with SEC.

Pink24 · 05-02-2021, 12:25 PM

Yeah, I bought some XRP years ago but I don't feel it. As jscott says it's too centralized.

Ok, let's imagine for a second that it's the year 2029. Fiat is on it's last legs. A dying relic if you will.
By some miracle Crypto is being used by more than 20% of the worlds population. They are using a crypto that is decentralized, super fast and almost totally free.

This crypto is being used in many high street stores and coffee shops worldwide.

What, GFY would that Crypto be?

I can't imagine seeing Nano in every store. What about BCH, LTC or something else?

cezar78 · 05-03-2021, 12:21 AM

Can't wait when chaturbate change crypto payments to LTC or DASH

jscott · 05-03-2021, 06:48 AM

Quote:

Originally Posted by Pink24

I can't imagine seeing Nano in every store. What about BCH, LTC or something else?

Quote:

Originally Posted by cezar78

Can't wait when chaturbate change crypto payments to LTC or DASH

A little history of BCH aka Bcash, the founders participated in an attempt to "take over" Bitcoin via the New York Agreement in 2017 (google it for more info), thus ended in a contentious fork of Bitcoin that created BCH.

If you support Bitcoin please reject BCH and BSV. Litecoin can do the same or better speed/fee anyways, even Dash, Cardano, Monero can too. Bitcoin Lightning & Liquid is free & instant right now but will need more time to become better at user-friendliness.

BCH/BSV are more centralized, less secure and are attacks on Bitcoin

04-23-2021, 07:44 AM	#1
Brian mike #Alberta51 Industry Role: Join Date: Oct 2014 Location: USA Territory (Alberta) Posts: 7,875	The Downside of the Hype of Bitcoin Make each Transaction VERY SLOW with a Higher fee's. Some sites seem now to push toward using Litecoin (LTC) as their official crypto payment currency. Litecoin (LTC) is a cryptocurrency that ranks among the top 10 in the crypto market cap. It was an early source-code fork of Bitcoin, created back in October 2011. Litecoin (LTC) addresses the shortcomings of Bitcoin in scaling to facilitate micropayments. The Litecoin (LTC) network processes a block every 2.5 minutes, rather than Bitcoin’s 10 minutes. This allows Litecoin (LTC) to confirm transactions way faster than Bitcoin and at much lower fees. The average transaction fee for Litecoin (LTC) is now ~ $0.50. Slow transactions and network fees for Bitcoin and Ethereum payments are no longer sustainable for most users. what ya think ? __________________ Tube - Cam - Escorts - Top List Menu Tab - Banner - Header Link - Blog Post DM me

04-23-2021, 08:10 AM	#3
Tasty1 Judge Jury and Executioner Industry Role: Join Date: Jan 2005 Location: South-America Posts: 9,239	Doge is best. Not normal the fees for Ether and BTC. A bank transaction or transferwise is much cheaper. Maybe Ether 2.0, Or maybe another coin will take over the ether position. Bitcoin is only for big amounts or Hodl as investment or trading as i see it. __________________ everything is fake

05-01-2021, 07:53 AM	#4
Brian mike #Alberta51 Industry Role: Join Date: Oct 2014 Location: USA Territory (Alberta) Posts: 7,875	thanks for the input guys We are now playing with Litecoin (LTC) __________________ Tube - Cam - Escorts - Top List Menu Tab - Banner - Header Link - Blog Post DM me

05-01-2021, 08:02 PM	#8
ZTT Confirmed User Industry Role: Join Date: Apr 2019 Posts: 657	You should read r/buttcoin instead. __________________ __________________

04-23-2021, 07:57 AM	#2
Micky Mack Registered User Industry Role: Join Date: Dec 2019 Posts: 7	Very true. Bitcoin does take forever to confirm even when you use a higher fee.

05-01-2021, 08:03 AM	#5
iceboi Confirmed User Industry Role: Join Date: Oct 2017 Posts: 302	You might want to check out Algorand. Confirmations take less than 5 seconds and fees are less than 1¢. This is one of the best eth competitors now. Along with Cardano and Solana.

05-01-2021, 04:16 PM	#7
Pink24 So Fucking Banned Industry Role: Join Date: Aug 2019 Posts: 1,436	I am a member of the r/bitcoin subreddit. I once posted that I wanted to join a website. The fee to join was like 0.10$ or something. I tried to send BTC by Electrum and the fee was around $5. They didn't like it and deleted the post. How is it in any way reasonable to charge so much to send bitcoin? Even if you are patient and want to wait a few days it doesn't get any better. I want to know what the best crypto is for day to day transactions that is likely to get accepted everywhere. Or, can Bitcoin fix these issues with lighening? Fucked if I know.

05-02-2021, 01:08 AM	#9
klinton So Fucking Banned Industry Role: Join Date: Apr 2003 Location: online Posts: 8,766	xrp is one of the the fastest and one of the cheapest, yet its a token. there is also nano...

05-02-2021, 06:57 AM	#11
celandina Too lazy to set a custom title Industry Role: Join Date: Jun 2006 Posts: 11,327	Watch and weep

05-02-2021, 12:25 PM	#14
Pink24 So Fucking Banned Industry Role: Join Date: Aug 2019 Posts: 1,436	Yeah, I bought some XRP years ago but I don't feel it. As jscott says it's too centralized. Ok, let's imagine for a second that it's the year 2029. Fiat is on it's last legs. A dying relic if you will. By some miracle Crypto is being used by more than 20% of the worlds population. They are using a crypto that is decentralized, super fast and almost totally free. This crypto is being used in many high street stores and coffee shops worldwide. What, GFY would that Crypto be? I can't imagine seeing Nano in every store. What about BCH, LTC or something else?

05-03-2021, 12:21 AM	#15
cezar78 Confirmed User Industry Role: Join Date: Jun 2018 Posts: 293	Can't wait when chaturbate change crypto payments to LTC or DASH