Shocking! Typical $500 transaction costs $0.04 in fees!! This burden will sink bitcoin.
Typical BTC $0.01 transaction costs $0.04 in fees!!
Typical $500 real money transaction: costs $0.00 in fees!!
Typical ETH transaction: costs $0.00 in fees!!
Eth isn't really meant for value transfer, but smart contracts and dao and whatever. But eth was born like 5 years before any of this is useful.
Maybe in 5 years time they'll realize how inefficient their whole platform is.
"Inefficient"? Does ETH need to burn as much electricity as a small country to simply *exist*? A bitcoiner talking about efficiency
What am I going to do? Knock on every miners door and tell them to shut down their operations, just because creating fungible value with their electricity is wrong?
Also I bet ether network is just as secure as bitcoin network is. I'm glad I know nothing about this bitcoin stuff.
Have I advised you to go knocking on miner's doors? No. Because that would be fucking stupid. Because bicoin is inefficient by design. Satoshi himself said that the cost of mining one BTC should approach the market price of 1 BTC. Imagine if banksters had to buy ~$30 of gear & burn $60 of state-subsidized coal to print a hundred-dollar bill? That's what bitcoin is *designed* to do.
But wait! That's not all!
If, by some twisted trick of fate, bitcoin lives on past teh Halvening, bitcoin "security" will be cut in half, if BTC price doesn't double. Double it will not, because the last time I cared how much miners make or lose, before buying BTC, was never.
TL;DR: You said ETH is inefficient. I pointed out that BTC is the epitome of inefficiency. Knocking on people's doors won't help; stay home and try not to cry
P.S. Stop taking pride in "know[ing] nothing about this bitcoin stuff." Outside of this forum, stupidity is thought a *bad* thing, something to be ashamed of.
>ether lays ontop of bitcoin
Yeah, that sort of stuff. Don't flaunt it.
