Re:In defense of cryptocurrency
by Dylan16807 on Thursday June 09, 2022 @02:15PM
(#31684803)
> Source for this misinformation?
It spent half of 2021 in the 10 dollar range.
> Remember that for bitcoin value transaction size is not a factor in the transaction fee. So if you want to transmit a billion dollars worth of bitcoin around the world, it is the same exact fee.
You don't use a credit card to send huge amounts in the first place.
Personally I need to do ten and hundred dollar transactions. One or two dollars for bitcoin would not be terrible for the latter, but it's still a lot more than a debit card ($0.21 + 0.05%), with no advantage to me over debit. I think that's a better comparison than the complex situation credit cards are in.
It spent half of 2021 in the 10 dollar range.
> Remember that for bitcoin value transaction size is not a factor in the transaction fee. So if you want to transmit a billion dollars worth of bitcoin around the world, it is the same exact fee.
You don't use a credit card to send huge amounts in the first place.
Personally I need to do ten and hundred dollar transactions. One or two dollars for bitcoin would not be terrible for the latter, but it's still a lot more than a debit card ($0.21 + 0.05%), with no advantage to me over debit. I think that's a better comparison than the complex situation credit cards are in.