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A comment on Hard Problems in Cryptocurrency: Five Years Later. Parent comment

Re:Hard Problems in Cryptocurrency: Five Years Later by mamon on Sunday November 24, 2019 @04:19AM (#21619284)
>> As for transaction fees, if we exclude Bitcoin which has really high fees, cryptocurrency fees are very small and almost negligible.[0]

That's probably because their popularity among users is also negligible. Problem with cryptocurrencess is that they don't scale well, with increased transaction volumes the fees and processing times also tend to rise until network's hashing power catches up.

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Re:Hard Problems in Cryptocurrency: Five Years Later by lawn on Sunday November 24, 2019 @04:40AM (#21619341)
Not exactly. Fees are high in Bitcoin because they want it to be. Bitcoin Cash could for example handle at least 20x of transaction throughput, with the same low fees.

Of course scaling is difficult. But Bitcoin isn't a good example of that.

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