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0 pointslalaland11255y ago0 comments

The actual cost per transaction in Bitcoin is ~$150 now once you include both the direct transaction fee and the miner reward (inflation cost). It's an incredibly inefficient technology.

0 comments

gruez5y ago

>and the inflation costs

compared to the endless money printing done by the fed that still seems like a bargain.

https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

throwaway17775y ago

Strawman argument since there are other ways to hedge inflation.

gruez5y ago

How is it a strawman argument? The point is that you're factoring in the inflation cost for BTC, but not the alternatives such as USD or even gold.

j / k navigate · click thread line to collapse

0 pointslalaland11255y ago0 comments

The actual cost per transaction in Bitcoin is ~$150 now once you include both the direct transaction fee and the miner reward (inflation cost). It's an incredibly inefficient technology.

0 comments

gruez5y ago

>and the inflation costs

compared to the endless money printing done by the fed that still seems like a bargain.

https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

throwaway17775y ago

Strawman argument since there are other ways to hedge inflation.

gruez5y ago

How is it a strawman argument? The point is that you're factoring in the inflation cost for BTC, but not the alternatives such as USD or even gold.

j / k navigate · click thread line to collapse