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0 pointsCyberDildonics5y ago0 comments

It isn't a mystery. Exactly what everyone said would happen (bitcoin blocks fill up and transactions are expensive while throughput is dismal) came to pass.

Bitcoin's average transaction cost has been anywhere from $18 to $60 over the last few months. Even dodge coin is approaching $2 for each transaction. Bitcoin Cash transactions cost $0.02 (2 cents) and the transaction throughput can grow 30x without the blocks being full.

In the venn diagram of (decentralized) cryptocurrencies that are widely accepted and have reasonable transaction costs, litecoin, monero and bitcoin cash are what end up being viable for real use right now.

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jude-5y ago· 2 in thread

And yet the market values Bitcoin Cash at less than 1% of Bitcoin's value. It's almost as if the block size "debate" was a nothingburger -- the silent majority against a tiny screeching minority.

CyberDildonicsOP5y ago

Bitcoin is great for people who want to speculate, have no idea how cryptocurrency works and have no interest in using it for actual transactions. They can buy a number on an exchange and pray the exchange gives it back to them. Go nuts.

For normal transactions bitcoin fails miserably. No one sane would make every day transactions with a $60 transaction fee.

jude-5y ago

Chains no one uses are cheap to use. Story at 11.

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