News for hackers. Stuff that matters.

A comment on Bill Gates Says that Bitcoin is bad For the Planet. Parent comment

Re:Bill Gates Says that Bitcoin is bad For the Planet by jetpackjoe on Monday March 08, 2021 @12:06PM (#26388168)
Look at Bitcoin.orgs own marketing. https://bitcoin.org/en/faq#what-are-the-advantages-of-bitcoi...

"Payment Freedom" and "Choose your own fees" are both things that no longer apply to Bitcoin.

[ Parent | on HN ]
Re:Bill Gates Says that Bitcoin is bad For the Planet by warkdarrior on Monday March 08, 2021 @12:55PM (#26389035)
"Choose your own fees" still holds, but everybody has freedom around the choice of fees. You are free to propose a fee that suits you and miners are free to ignore your proposal.
[ Parent | on HN ]
Re:Bill Gates Says that Bitcoin is bad For the Planet by jetpackjoe on Monday March 08, 2021 @01:55PM (#26389910)
The marketing makes it sounds like higher fees get processed/"confirmed" faster.

The reality is that if your fee isn't high enough, it stays in the mempool until it expires, never being sent.

[ Parent | on HN ]