-7 upvotes, 5 direct replies (showing 5)
View submission: ⚡️ needs you. Yes, you.
Bitcoin is not broken, stop the FUD and educate yourself. People really need to understand that **high on-chain fees** will be the norm for any blockchain with scale. If you don't understand why, it's time to start hitting that Google thingie.
Comment by DestroyedByLSD25 at 24/12/2017 at 15:25 UTC
20 upvotes, 4 direct replies
So how does ETH do it? Million transactions a day, fees under a dollar.
Comment by Bulbasaur_King at 24/12/2017 at 16:19 UTC
8 upvotes, 3 direct replies
Yupp! Just like the whitepaper says! High fees, none should be free! Oh wait... Satoshi said that fees should be cheapo and some should even be free! Ever hear of a store off value that can drop 20% in a day? Me neither. Ever hear of a currency that costs $15-45 to send to somebody else? Me neither. Bitcoin is broken right now. It is a peer to peer electronic cash system. Biggest words in the whitepaper. High fees mean that poor people can't use it. How do we talk shit about banks and the 1% when half of the bitcoin community is just about HODL? How is bitcoin going to help those I Africa? Please, don't lie about Bitcoin not being broken, I lovr bitcoin and want it to succeed but there has to be changes and soon.
Comment by [deleted] at 24/12/2017 at 16:02 UTC
-1 upvotes, 1 direct replies
[deleted]
Comment by Kooriki at 24/12/2017 at 15:53 UTC
1 upvotes, 0 direct replies
This guy is exactly right. If you need to move money around and don't want to pay the fee, use an Altcoin.
Comment by Suchgainz at 24/12/2017 at 15:44 UTC
0 upvotes, 3 direct replies
What will the purpose of high fees be? I don't like my money being stuck because I would find the fee to high to move it or use it.