Topic: Bitcoin is garbage. - page 20. (Read 4603 times)
I am not surprised at the current Bitcoin fee transactions. Because Bitcoin Price can we say very high, obviously its use is also dissertation with high fee. Not because the fees are rising, but because Bitcoin Prices soar, the amount of Bitcoin that usually only 1 $ can go up to $ 5. And this is absolute.
How can we be expected to invest in this stupidity?
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
I am actually thinking that it was a pure stupidity. Tho it has nothing to do with bitcoin being labeled as a garbage. Yet we can't also deny the fact that the bitcoin's current situation with regards to transactions are getting worse day by day as the price goes up the fees are also pumping which is absolutely crazy
Yeah segwit doesn't help.... IF YOU DON'T USsE UT DURP. Hahahaha.
What's your solution rawdog? Troll bitcointalk forever and ever? Btw, maybe the guy was just a tool who didn't know how to send a proper transaction haha.
What's your solution rawdog? Troll bitcointalk forever and ever? Btw, maybe the guy was just a tool who didn't know how to send a proper transaction haha.
Hi
if u compare to other coins technologies, yes BTC technology's is very old. but the new forks could not help it to correct this important problem like fee.
if u compare to other coins technologies, yes BTC technology's is very old. but the new forks could not help it to correct this important problem like fee.
That's where altcoins are useful. When bitcoin's value are so high that giving a tip is such a waste you can use altcoins. Bitcoin is not the only cryptocurrency. And bitcoin will not be on top if there's none on its bottom.
But it's a damn shame that most retailers don't accept altcoins. I looked up places where you can spend Dash, and there were absolutely no places where I'd want to buy anything. It'd be great if Newegg took litecoin, for example--or anything else, because I agree with OP about this. It just isn't practical anymore to use bitcoin for small purchases. For a thing like a new computer, yeah, I'd spend a few dollars for network fees (with teeth a-gritting), but even that's a waste. Why use bitcoin when you can spend fiat? There's no fees on my end whatsoever using a debit card or cash. And there's no opportunity cost, either, since the purchasing power of the US Dollar isn't going to explode overnight like bitcoin has done. Ah well, maybe in the future.
Buddy just because you are right about the fee situation we are currently facing, why do you go and call Bitcoin garbage? It isn't garbage, only a work in progress, and hopefully soon we will have a way to do free/instant transactions again. 
How can we be expected to invest in this stupidity?
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
If you're an idiot who thinks BTC was made to allow you to buy a pack of chewing gum or tip people $1 so they can buy themselves a soda, be my guest. What if somebody were to go to a bank in the United States and asked them to convert his $2 into Euro and send to his friend in France? We'd have a very similar situation where the bank fees would be higher than the payment itself. If you really want to send $2 in BTC at least be smart enough to make it a batch payment. Sending multiple single small transactions with a high fee (because a fee of $13 is far above the average) is a financial suicide.
I don't understand how people with this much experience use apples vs. oranges arguments to justify serious flaws...and then present solutions like batch payments that A) are not practical to do most of the time and B) ~90% of users cannot and will never be able to learn how to do that. Most people I know understand how to log into accounts and turn on their PC (if they still have one)....but anything else...good luck.
The current paradigm is the equivalent of the model T Ford. I don't understand why people attack someone for pointing out the obvious. We should be supporting people that do so and therefore put pressure on those that have the power to fix things since said things are clearly broken from the point of view of the average user that doesn't have the mental bandwidth for creative workarounds.
How can we be expected to invest in this stupidity?
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
I could understand your true care Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
about bitcoin.But don't worry and stay cool.We could hope that very soon lightning network would be activated and all these transacion fee problems would get solved.This issue has mainly raised as many bitcoin holders tried to sell their bitcoins as bitcoin price reached ATH,they just tried to sell bitcoins to enjoy the high value benefit and more over christmas and new year coming or them to celebrate.
But,very soon this problem would get solved.
I'm divided on transfer fees.
I know people dislike like paying $13-$20 in xfer.
Part of the issue could be blockchain.info publishing only dollar amounts and not disclosing the amount of BTC in exchanges. Looking at the BTC amounts of transfers 16 months ago, the amounts would be $1 in transfer fees but due to the rising value of bitcoin that $1 is now worth a lot more.
Also some wallets appear to be recommending far higher transfer fees than are required for reasonably fast transaction.
The main reason is supply and demand. The amount of transactions that the miners can mine depends on the size of the block they mine. a 1mb block can only hold 1mb worth of transactions. For all of 2017, the number of bitcoin transactions people want to make has gone up. Usually it is more transactions than one megabyte every ten minutes can handle. Because of this, the price has gone up. I know people dislike like paying $13-$20 in xfer.
Part of the issue could be blockchain.info publishing only dollar amounts and not disclosing the amount of BTC in exchanges. Looking at the BTC amounts of transfers 16 months ago, the amounts would be $1 in transfer fees but due to the rising value of bitcoin that $1 is now worth a lot more.
Also some wallets appear to be recommending far higher transfer fees than are required for reasonably fast transaction.
Bitcoin is suffering growing pains right now. We need to give it some time in order for the scaling solutions to me researched, coded and implemented into the ecosystem. Once they are properly rolled out, we'll be back to cheaper and fast transactions like we grew accostumed to in the past.
Yes bitcoin is getting expensive they should reduce the fee in the blockchain. Oh I think we have a lots of forked of bitcoin cause the lower fees are visible at them.
We all know that the fee are so high, but we are still using bitcoin as a payment? There are a lot of other means of tip that you can use. A lot of streamers online are having a lot of payment with a low amount and the people are not having any complaints, why not use that? Bitcoin is getting expensive and expensive so I think the fees are expected to do the same.
I'm divided on transfer fees.
I know people dislike like paying $13-$20 in xfer.
Part of the issue could be blockchain.info publishing only dollar amounts and not disclosing the amount of BTC in exchanges. Looking at the BTC amounts of transfers 16 months ago, the amounts would be $1 in transfer fees but due to the rising value of bitcoin that $1 is now worth a lot more.
Also some wallets appear to be recommending far higher transfer fees than are required for reasonably fast transaction.
I know people dislike like paying $13-$20 in xfer.
Part of the issue could be blockchain.info publishing only dollar amounts and not disclosing the amount of BTC in exchanges. Looking at the BTC amounts of transfers 16 months ago, the amounts would be $1 in transfer fees but due to the rising value of bitcoin that $1 is now worth a lot more.
Also some wallets appear to be recommending far higher transfer fees than are required for reasonably fast transaction.
How can we be expected to invest in this stupidity?
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.
If you're an idiot who thinks BTC was made to allow you to buy a pack of chewing gum or tip people $1 so they can buy themselves a soda, be my guest. What if somebody were to go to a bank in the United States and asked them to convert his $2 into Euro and send to his friend in France? We'd have a very similar situation where the bank fees would be higher than the payment itself. If you really want to send $2 in BTC at least be smart enough to make it a batch payment. Sending multiple single small transactions with a high fee (because a fee of $13 is far above the average) is a financial suicide.
In a way you are right tho
You don't have to tell me that. I am always right so I already know. The shiny rays of your modesty are blinding me.
In a way you are right tho
You don't have to tell me that. I am always right so I already know. 
In a way you are right tho I gave someone 0.0015 and payed about the same in transaction fees the trouble will come when people who thought they were going to make a quick buck all try cashing out.
It's Rawdog, he is a well known troll he likes to kick shit up and say dumb stuff. Just ignore him.
Fuck you. That is total bullshit. Even guys in this thread say the feel the same way. That's not trolling buddy. Just because someone says something against your personal feelings, it doesn't make them a troll.
Satoshi Bitcoin, the real bitcoin, didn't have 1Meg blocks which totally fuck up the fees and MemPool. 1 Meg blocks are there just to drive demand for the Blockstream product 'Lightning'. It's a scam, and you guys fell for it. Thank god the people at Bitcoin Cash forked in time to forever get rid of that SegWit shit. Now the chain has been preserved. All you will come back to BCH when you finally figure it out that Blockstream is screwing you.
Now go fuck yourself King Colon.
Thanks for informing me about trolling so perhaps better to ignore.
However the post made me think about the fee if i would send Andreas $1.50 from my standard bank account:
Fee 15 euro => 17,65 US dollar.
Fine, agree! However the post made me think about the fee if i would send Andreas $1.50 from my standard bank account:
Fee 15 euro => 17,65 US dollar.
You saved $4 in Bitcoin.
But can it be considered as use case of bitcoin? We can save billion in remittance fees using other better altcoins. Where is the utility of bitcoin?
It's mere a store of value or an investment asset that is highly overvalued with no intrinsic value. I don't understand why people don't see the reality? It is just a technology and technology goes obsolete.
If anyone here can explain me how bitcoin can sustain it's value in long run?
That's where altcoins are useful.
Bitcoin was supposed to be useful too. Now it has been rendered nothing more than a Ponzi scheme. It has no real purpose other than for more and more people to come one after another to give money to the guys already in. Then BAM!!! a total freefall collapse. Well sometimes i got the same feeling.....
But it would be unwise to say it a Ponzi. It doesn't fall in its definition.
It's Rawdog, he is a well known troll he likes to kick shit up and say dumb stuff. Just ignore him.
Thanks for informing me about trolling so perhaps better to ignore.However the post made me think about the fee if i would send Andreas $1.50 from my standard bank account:
Fee 15 euro => 17,65 US dollar.
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