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A comment on Bitcoin Fall Extends to 25% as Fears of Crackdown Linger. Parent comment
Blocksize and fees are a tradeoff.
1 cent fees are a significant advantage over 20$ fees.
But 0.0001 cent fees aren't really that much more useful for your coffee transactions.
Sure, maybe someone will come up with another chain that is used for true micro transactions.
But what we are saying is, that each of these fee levels are good for different use cases.
Bitcoin's high fees and high security are great for a digital gold product that isn't traded much.
Bitcoin Cash made a different tradeoff in the attempt to go after the daily spending market.
Pros and cons.
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Blocksize and fees are a tradeoff.
1 cent fees are a significant advantage over 20$ fees.
But 0.0001 cent fees aren't really that much more useful for your coffee transactions.
Sure, maybe someone will come up with another chain that is used for true micro transactions.
But what we are saying is, that each of these fee levels are good for different use cases.
Bitcoin's high fees and high security are great for a digital gold product that isn't traded much.
Bitcoin Cash made a different tradeoff in the attempt to go after the daily spending market.
Pros and cons.