Re:Facebook reveals its cryptocurrency Libra
by asah on Tuesday June 18, 2019 @09:06AM
(#20212516)
Don't forget high transaction costs for BTC.
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Re:Facebook reveals its cryptocurrency Libra
by sowbug on Tuesday June 18, 2019 @10:02AM
(#20213053)
Currently about 12 cents US.
Re:Facebook reveals its cryptocurrency Libra
by ricanare on Tuesday June 18, 2019 @10:33AM
(#20213453)
12 cents is a lot, since it is static regardless of the transaction size. Small transactions at 12 cents fee are ridiculously expensive. You need low fee + 0-conf for small transactions (e.g. BCH). 12 cents is negligible for large transactions, hence why people call it a store of value. And since bitcoin doesn't scale, transaction costs will skyrocket again to crazy transaction fees of 50-100$ easily if it starts being used.
Re:Facebook reveals its cryptocurrency Libra
by joshuahedlund on Tuesday June 18, 2019 @11:19AM
(#20214055)
Where are you getting this? Why does bitinfocharts.com show a Median transaction fee of $1.85 ?
Re:Facebook reveals its cryptocurrency Libra
by eric_cc on Tuesday June 18, 2019 @12:06PM
(#20214609)
It's definitely not $1.85 lol. You can try sending a few sats between your own wallets to test it if you're genuinely curious.
Re:Facebook reveals its cryptocurrency Libra
by sowbug on Tuesday June 18, 2019 @06:37PM
(#20219162)
From actual use, buying stuff online. Most recent was a year of vultr.com VPS service.
Re:Facebook reveals its cryptocurrency Libra
by 2a96eb7d685a49c on Tuesday June 18, 2019 @10:15AM
(#20213199)
There is your problem. You are assuming BTC is Bitcoin. The actual Bitcoin, working as intended, is BCH.
Re:Facebook reveals its cryptocurrency Libra
by karlmcguire on Tuesday June 18, 2019 @10:31AM
(#20213433)
I'm curious how people still consider BCH a viable currency after the 51% attack done "in good faith" by a major mining pools BTC.top and BTC.com [1]. What's to stop them from doing it again the next time it's convenient?
[1]: https://twitter.com/TheCryptoconomy/status/11319624478232780...
Re:Facebook reveals its cryptocurrency Libra
by 2a96eb7d685a49c on Tuesday June 18, 2019 @12:22PM
(#20214772)
The "51% attack" was in the financial interest to the miners. An actual attack would not be.