Just transferred 39 Steem to BTC via shapeshiftio

in steem •  8 years ago 

Got $1.75 worth of Bitcoin. That's about half of the Steem worth.

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Wohahaha!

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Welcome to high bitcoin transaction fees. Support Bitcoin Unlimited to get bitcoin back to cheap and fast.

I have an argument with my brother in law. He says cryptocurrencies are only good for money laundering. The high exchange fees are his argument that I can't beat.

How much would it cost to wire that money overseas vs sending it with bitcoin?

If I exchange for example Israeli NIS to Euro, I pay few percents. 4 percent is considered high.

No the fee is not fixed but the amount has no bearing on the fee. It doesn't matter if you send .0001 btc or 10000 bitcoin the fee could be the same. I say could be because the fee is based on the size of the transaction in bytes. The more inputs and outputs it has the more it costs. Most transactions will only be 1 or 2 inputs and 2 outputs though. Still even really large transactions aren't that expensive but would be a lot less expensive without the current artificial blocksize limit. A year ago just about any transaction could be done for under 3 cents.

Send 10000 with each. even at 1% instead of 4% that would be $100 with the transfer. with bitcoin it's still about $1 even with the current insanely high tx fees.

So the fee is a fixed $1 ?

The money changers in the crypto-sphere are not very competitive.

Who cares, you're a liar, a classism/class warfare denialist and a zionist who excuses anything that Israel does. You write a blog on how to be a journalist, a course in journalism for a unbelievable liar, fake, fraud, there is no end to those pronouns and rightly so. Anybody that reads your fiction should consider the person writing it, someone that claims Rothschild are just like everyday people, I was going to say like you and me but caught myself because everyday people are honest, stand up kinda people that have integrity but you are not like me, not like most everyone else, you are the enemy of truth, the antithesis to journalism, so what if the terror attack was faked, does that mean it didn't happen, that's what you argue:

https://steemit.com/life/@steemtruth/jerusalem-truck-terror-attack-questions-they-can-t-answer-must-see

Now I can only hope you are finally getting the f out of here, transparency will forever seal your lies to your character and exalt my efforts at helping you expose you years from now and for ever. Your lying classism denying troll self absent from here will be welcomed so I don't waste more post count on warning all who follow you and all who might happen upon your scumbag character dressed up in what amounts worthless despicable niceties, and hopefully steemit shall finally be free from the likes of you as it seems you don't seek redemption, so onward troll, shuffle on, you're not wanted here, and for good reasons too, go get your attention elsewhere.
Die Slow.