You are viewing a single comment's thread from:
RE: Guy sent Bitcoin Transaction with 80BTC as fee.. Pool offers to give him the money back [+ Little Guide]
Lol, BTC is getting slower every day. I wait for 2 to 3 hours for minor transactions. EOS 1ms will do the trick and become the king of crypto transactions. Telegram on EOS 1.7k people. ICO auction will be ruthless, I guess. But the tech they are offering is outstanding.
Oh i want for EOS also :)
IMO the cost of transacting nowadays (both in time and money) with BTC is its Achilles heel. When I first got into cryptocurrencies one of the big attractions, especially regarding BTC, was how cheap (practically free) and quick it was to send it to anyone in the world with confirmations occurring within a matter of minutes. Not any more! This has actually put me off investing in BTC because when people start to realise it is becoming a very expensive and slow way of moving money around they will lose faith in it and the price will crash. Just take a look at this chart to see how much confirmation time has increased over the past year! https://blockchain.info/charts/avg-confirmation-time?timespan=all
Thanks for that chart. The center cannot hold.