Facebook reveals its cryptocurrency Libra

Re:Facebook reveals its cryptocurrency Libra by fnord77 on Tuesday June 18, 2019 @06:57PM (#20219271)

> Visa and Mastercard are taking a 3-4% cut

have you tried buying anything with bitcoin? currently the transaction fee is almost $2 to have your transaction confirmed within 10 minutes.

Not a lot on big purchases, but that's 20% if you're say trying to buy a $10 lunch with bitcoin.

[ Parent | on HN ]

Re:Facebook reveals its cryptocurrency Libra by vpzom on Tuesday June 18, 2019 @08:22PM (#20219791)

Bitcoin isn't the only cryptocurrency, and many others have much lower fees

[ Parent | on HN ]

Re:Facebook reveals its cryptocurrency Libra by marcus_holmes on Wednesday June 19, 2019 @12:37AM (#20220832)

It's the only cryptocurrency that anyone outside of the crypto world has heard of/takes any interest in/would consider letting you buy their stuff with

[ Parent | on HN ]

Re:Facebook reveals its cryptocurrency Libra by noob_slayer on Tuesday June 18, 2019 @11:16PM (#20220528)

Have you tried buying anything with Bitcoin Cash? Currently the transaction fee is under 500 satoshi (about 1/5 of 1 US cent) to have your transaction included in the next block.

[ Parent | on HN ]

Re:Facebook reveals its cryptocurrency Libra by bildung on Wednesday June 19, 2019 @04:23AM (#20221667)

Because no one uses it, or not? Transaction prices are determined by supply and demand on Bitcoin Cash, too, AFAIK.

[ Parent | on HN ]

Re:Facebook reveals its cryptocurrency Libra by stef25 on Wednesday June 19, 2019 @07:38AM (#20222409)

> lunch

Bitcoin fees are basically just the price you pay for having drugs delivered to your house.

[ Parent | on HN ]