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A comment on Is Bitcoin a Bubble? Economists Say ‘Yes’. Parent comment

Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by DennisP on Thursday December 14, 2017 @12:21PM (#15924172)
Most of the time Ethereum is less than a penny for a simple value transfer, and it does more than twice as many transactions per day as Bitcoin. It's also pretty easy to implement simple payment channels:

http://www.blunderingcode.com/a-lightning-network-in-two-pag...

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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by placeybordeaux on Thursday December 14, 2017 @12:25PM (#15924211)
I was just pulling up avg tx fees. I realize that tx cost on ETH varies highly, do you have a preferred site to tell what contracts are economically viable for what amounts?

For instance I would be happy to buy a cryptokitty or two at the ~1 USD price range, but if the tx fees are ~1 USD then it's obviously a no go.

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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by DennisP on Thursday December 14, 2017 @12:45PM (#15924414)
A great place to look is the ETH Gas Station:

https://ethgasstation.info/

It tells the lowest gas price you can use to be reasonably sure your transaction will go through, and how long it's likely to take. Using that gas price it also gives a dollar cost of a simple transfer, which at the moment is higher than I expected at 20 cents for a 20-minute wait, or 33 cents for a 3-minute wait.

For cryptokitties you'll have a higher gas cost; I don't really know how high but I think I've seen people complain about spending six bucks for cryptokitty transaction at a 60 gwei gas price.

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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by lostmsu on Thursday December 14, 2017 @01:05PM (#15924702)
It does not make much sense to use avg tx fee to see if a currency is suitable for micropayments. You should be looking at the min tx fee.
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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by DennisP on Thursday December 14, 2017 @01:18PM (#15924866)
Also with various micropayment schemes you don't actually need an on-chain transaction for every payment.
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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by MarkTee on Thursday December 14, 2017 @12:40PM (#15924358)
For ETH, https://ethgasstation.info has not let me down.
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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by placeybordeaux on Thursday December 14, 2017 @12:45PM (#15924410)
That site is saying 0.3 USD. I wouldn't call that pennies.
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Re:Is Bitcoin a Bubble? Economists Say ‘Yes’ by collinmanderson on Thursday December 14, 2017 @01:26PM (#15924991)
Though, it's on par with credit cards.
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