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RE: I ran a test of Bitcoin vs Bitcoin Cash on FEES & TRANSACTION TIME

in #bitcoin7 years ago (edited)

You're being nicer than I will be. This article was a pile of turd; done with no real research, by a total amateur in the field. The median BCH transaction fee in December was 2 minutes long and was 2 pennies. I've done hundreds of tx and the money is usually there almost instantly, with some confirmations finishing 5 minutes later. For him not to realize that wallet to wallet is the only way to really test speeds, and to have done this from an exchange, it's absolutely a joke.

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I don't feel like he's intentionally misleading people, he just doesn't have the full understanding of the space yet. When he posts stuff like this on Steemit, where the community knowledge level of the crypto space is higher than most other places, he's going to very quickly have inacurracies pointed out and as a result will learn.

The more folks we have learning about crypto and the space, the better.

He has made over $200 for his post compared marc five cents worth. I am new to steem and I recently bought some steem power. I think a lot more coinbase customers like myself would buy more steem power if they allowed you the option to buy it with the bitcoin cash that was given to bitcoin holders recently. Thats my two cents in. Happy Christmas and looking to get more involved in 2018.

He has made over $200 for his post compared marc five cents worth.

True, but this is a reflection of the large amount of followers that he has built, which in turn generates a large amount of reward for content. He has spent a long time building up a user base and now, at this point, anything that he posts will be rewarded at a high level because of it, even when the content isn't that great. Networking is a big part of Steem, you'll actually find that it often plays a much bigger role than the actual content when it comes to rewards.

I think a lot more coinbase customers like myself would buy more steem power if they allowed you the option to buy it the bitcoin cash that was given to bitcoin holders recently.

You're definitely right about that.

Welcome to the platform, I hope you enjoy it here.

As Eddie Murphy said in Trading Places. I believe I can hang out with you fellas. Looking forward to learning and sharing in 2018.

Screw people who are trying to learn and post the question publicly, right? I mean, it's not like someone else might learn from their mistake.

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