The transaction cost in Bitcoin really bothers me, I think it is as MASSIVE obstacle and it might devalue bitcoin once more people use it for actual transactions instead of pure speculation. I actually feel more confident in STEEM than bitcoin right now, yeah it has been on the market for the longest time and has achieved the largest growth but it has reached a wall in my opinion. THanks for the market evaluation!
The fact that people are willing to pay to use it is a big deal. It cost me $3 to make a transaction yesterday and I did it because I wanted it. Large fees encourage people to send more money at a time. Doge or Litecoin are better for small transactions. After August 1st BTC may be fixed, forked, dead, or replaced. HODL onto your Bitcoins but make sure they are secure!
The transaction cost in Bitcoin really bothers me, I think it is as MASSIVE obstacle and it might devalue bitcoin once more people use it for actual transactions instead of pure speculation. I actually feel more confident in STEEM than bitcoin right now, yeah it has been on the market for the longest time and has achieved the largest growth but it has reached a wall in my opinion. THanks for the market evaluation!
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The fact that people are willing to pay to use it is a big deal. It cost me $3 to make a transaction yesterday and I did it because I wanted it. Large fees encourage people to send more money at a time. Doge or Litecoin are better for small transactions. After August 1st BTC may be fixed, forked, dead, or replaced. HODL onto your Bitcoins but make sure they are secure!
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I think that DASH has a bright future as competitor of Bitcoin, as payment service, since the transaction cost is very low.
What do you think of Byteball?
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You hit the key point, liquidity is the most important. Cheers
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