Oh my god... An asset with almost 30 billion dollars and you're asking whether or not it's useless.
Yeah, and still more so given that Bitcoin is nowhere near being worth 30 billion dollars (or even 20B dollars)
I thought increase in transaction fees is directly proportional to increase in Bitcoin value or prices
False, for the n time.. there is no link between the tx fee and the price of bitcoin.
Bitcoin could reach 100k but if there are no transactions or under 200k /day you could still send payments with 1 satoshi per kb.(and get confirmed)
Also, even if the price drops back to 1000 but we experience 10x more transactions get ready for fees up to 3$ for input
You are false and that got confirmed
Since you yourself mentioned transaction fees in dollar terms, it is as clear as day that the size of transaction fees is in linear dependence over Bitcoin price (provided all other things remain the same). I guess this is what the poster you replied to meant, i.e. transaction fees in fiat terms, just like you said yourself. After all, it was your claim that Bitcoin is there only because of fiat and people are ultimately interested only in fiat, not in Bitcoin. It kinda looks you should stick to your guns, shouldn't you?
What a surprise ... 4 lines on text.
Deisik the four liner.
How about you stick to your English manual cause "stick to your guns" doesn't mean what you think it does.
And if anything it means the exact opposite in this situation.
Or are you really encouraging me?
Go away (please) take a break, 4liners are too much for you
I know perfectly well what the phrase means and when it is used (but you may want to finally find out)
It means that even if you are trying to troll (which is what you are doing here, the Witch will punish you), you should do that wisely. Otherwise, you'll be a ludicrous and despicable troll which doesn't know where his mouth is (think clown here). That means as well that you should remember what you had been saying at least yesterday if not before that, i.e. not to say things which are in direct "opposition" to what you claimed previously. In this case specifically, I remember how you were laying yourself out proving that people don't care about Bitcoin, that all they care for turns around fiat, and things like these. And now you defiantly forget all that you have been preaching for and against yourself. I hope this gets through somehow
Wow stop pushing yourself, you might enrage your sig overlord by writing 6 liners of nothing
Take this 5 line stats
July 2013 btc price ~90 fee ~ 8 cents
January 2014 btc price ~800 fee ~ 20 cents
July 2015 btc price ~250 fee ~ 3 cents wtf??? the fee is lower than when bitcoin was at 90$? deisik is wrong again... holy shit...
January 2016 btc price ~450 fee ~ 8 cents what???
January 2017 btc price ~800 fee ~ 40 cents what again?
Let's see pussycat do you have the balls to reply in less than 4 lines?
Or will your master send you to the vet?
