Whoa. Bitcoin Fees are out Of Touch with Reality and unsustainably high.

in #bitcoin • 7 years ago (edited)

So i'll just say that today I paid 100$ to buy bitcoin on VirWox (I know its super expensive but I'm american and i like to use paypal so thats what i do - but regardless of this being an expensive method, these fees are outrageous) BY THE TIME I GOT THAT BITCOIN to my wallet on Cex.io (I sent it to my Jaxx Wallet and then to my Cex.io account in bitcoin) and converted it to DOLLARS - it was just 70$.
Not a single dollar spent on anything but the fees for those transactions. Yes, the fees for this transaction were so high that they were equal to 30% of the initial amount I paid.
so is THIS THE SYSTEM THAT WAS SUPPOSED TO GET RID OF THOSE PESKY FEES FROM CENTRALIZED BANKS????? W

HAT HAPPENED TO P2P TRANSACTIONS? ITS ANYTHING BUT.

#life #cryptocurrency #markets
7 years ago in #bitcoin by
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