Re:Bitcoin just passed $5,000
by singularity2001 on Thursday October 12, 2017 @03:32PM
(#15460632)
"making it a great fit for micropayments"
except that you currently have to pay about $4 for any transaction to come through ... eventually
Absolutely not true. I paid $0.40 cents on a $5.00 transaction yesterday that was confirmed within an hour. I could've easily paid the same $0.40 cents to move $50,000,000.00.
> $0.40 cents on a $5.00 transaction
Visa or Mastercard is cheaper than that
Actually it is in the same ballpark. 2.9% + 30¢ is a usual price in US for a small business.
Yea let me transfer money to another account through ACH....
3 day....
Let me transfer it with Eth or BTC...
1 hour or 40 seconds later...
Re:Bitcoin just passed $5,000
by prostoalex on Friday October 13, 2017 @12:39AM
(#15463318)
ACH vs BTC is a strawman battle that glosses over Paypal, Venmo, Square Cash, Facebook Messenger Payments, Zello, AliPay, and a few dozen others.
Re:Bitcoin just passed $5,000
by glitchdigger on Tuesday October 17, 2017 @07:31AM
(#15490095)
bitcoin won't censor or freeze your transactions tho.
Bitcoin, though not perfect, is the first viable solution we've ever seen as a means for preventing financial corruption. Not to mention, it enables banking access for billions of people who don't have it. It makes transfer of large sums to _anywhere on the planet_ inexpensive. It's divisible down to 8 decimal places (a satoshi), making it a great fit for micropayments. These are just the top of mind solutions.
There are ideas we haven't even thought of yet. Bitcoin is programmable money, meaning the possibilities are seemingly endless.