Mixle Posted June 7, 2021 Share Posted June 7, 2021 (edited) 13 minutes ago, robmatic said: How much actually are bitcoin transaction fees? About 3 quid today, but has been as high as 40 (on average; but depends on the size of your transaction) https://www.blockchain.com/charts/fees-usd-per-transaction Edited June 7, 2021 by Mixle Quote Link to comment Share on other sites More sharing options...
markyh Posted June 7, 2021 Share Posted June 7, 2021 3 hours ago, Peter Hun said: They don't have a currency so use the US dollar. Nobody will actually use BTC for anything, its transmit fee is almost a days wage. This is a publicity stunt to stick it to the USA. Fees are pennies using Strike App over lightning network, and pretty much instant. They will only use BTC core for larger amounts, you can move $200k for less than $5, i know i did it last month, twice. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 7, 2021 Share Posted June 7, 2021 (edited) 3 hours ago, Peter Hun said: They don't have a currency so use the US dollar. Nobody will actually use BTC for anything, its transmit fee is almost a days wage. This is a publicity stunt to stick it to the USA. They already are using it, there are districts that already use bitcoin as the main day-to-day currency, people get paid in it and spend it with local businesses. There also a lot of use for bitcoin remittances. The day to day use it via lightning so fees are a fraction of a penny. The remittances use Jack Mallers's Strike app which uses lightening as the cross border payment rail. https://www.forbes.com/sites/tatianakoffman/2020/07/14/this-el-salvador-village-adopts-bitcoin-as-money/?sh=6262ff552044 Bare in mind that this article is nearly a year old and apparently its happened in a lot of other places since then. There is also this from 2019: https://www.whatbitcoindid.com/podcast/bitcoin-youth-programme-in-el-salvador-with-michael-peterson Edited June 7, 2021 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
markyh Posted June 7, 2021 Share Posted June 7, 2021 28 minutes ago, goldbug9999 said: They already are using it, there are districts that already use bitcoin as the main day-to-day currency, people get paid in it and spend it with local businesses. There also a lot of use for bitcoin remittances. The day to day use it via lightning so fees are a fraction of a penny. The remittances use Jack Mallers's Strike app which uses lightening as the cross border payment rail. https://www.forbes.com/sites/tatianakoffman/2020/07/14/this-el-salvador-village-adopts-bitcoin-as-money/?sh=6262ff552044 Bare in mind that this article is nearly a year old and apparently its happened in a lot of other places since then. There is also this from 2019: https://www.whatbitcoindid.com/podcast/bitcoin-youth-programme-in-el-salvador-with-michael-peterson As usual, @Peter Hunknowledge of anything is 1000 miles wide but only 1 inch deep, bit like EV's. Because he is a cleaner for a company related to crypto he thinks he knows everything, but yet holds hardly any crypto, so obviously doesn't really "get it". For the true picture Bitcoin and "El Salvador" you need to listen to people who "run" Crypto companies and are involved in directly in "El Salvador", not someone on HPC who is a crypto "Shrimp" owns a handful of ETH. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted June 7, 2021 Share Posted June 7, 2021 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted June 7, 2021 Share Posted June 7, 2021 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted June 7, 2021 Share Posted June 7, 2021 @Peter Hunfollows on from yesterday's rumour and deleted post. Quote Link to comment Share on other sites More sharing options...
robmatic Posted June 7, 2021 Share Posted June 7, 2021 1 hour ago, Mixle said: About 3 quid today, but has been as high as 40 (on average; but depends on the size of your transaction) https://www.blockchain.com/charts/fees-usd-per-transaction That's competitive against Western Union and the old legacy providers, I guess. Not so much against the new fintech solutions. Quote Link to comment Share on other sites More sharing options...
ubuntu Posted June 7, 2021 Share Posted June 7, 2021 2 minutes ago, robmatic said: That's competitive against Western Union and the old legacy providers, I guess. Not so much against the new fintech solutions. do you need to have a bank a/c with the above? Quote Link to comment Share on other sites More sharing options...
Warlord Posted June 7, 2021 Share Posted June 7, 2021 HAHAHAH Classic SCHIFF tweet. Truth BOMB! Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 5 hours ago, Peter Hun said: They don't have a currency so use the US dollar. Nobody will actually use BTC for anything, its transmit fee is almost a days wage. This is a publicity stunt to stick it to the USA. Clearly you have zero clue about how lighting works integrated with Bitcoin. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 26 minutes ago, Warlord said: HAHAHAH Classic SCHIFF tweet. Truth BOMB! False equivalence. Plenty of things 'banned' on China that are successful elsewhere. Bitcoin is too much of a threat to the ruling party. The plebs must be kept under control. Quote Link to comment Share on other sites More sharing options...
Warlord Posted June 7, 2021 Share Posted June 7, 2021 1 minute ago, MonsieurCopperCrutch said: False equivalence. Plenty of things 'banned' on China that are successful elsewhere. Bitcoin is too much of a threat to the ruling party. The plebs must be kept under control. You dont like to hear the common sense truth from someone like Schiff . Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 8 minutes ago, Warlord said: You dont like to hear the common sense truth from someone like Schiff . Schiff-for-brains has his own agenda. Although I still believe that between himself and his son that they hodl bitcoin and are trolling with their son v dad tweets. Quote Link to comment Share on other sites More sharing options...
Warlord Posted June 7, 2021 Share Posted June 7, 2021 1 minute ago, MonsieurCopperCrutch said: Schiff-for-brains has his own agenda. Although I still believe that between himself and his son that they hodl bitcoin and are trolling with their son v dad tweets. Very much doubt this. Schiff is authentic and genuine . He's no liar. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 7, 2021 Share Posted June 7, 2021 15 minutes ago, Warlord said: You dont like to hear the common sense truth from someone like Schiff . Hes been wrong on every prediction about bitcoin for 10 years so not seeing why hes worth air time now. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 7, 2021 Share Posted June 7, 2021 13 minutes ago, Warlord said: Schiff is authentic and genuine . He's no liar. He also runs a business selling gold to investors which is in direct competition with bitcoin so hes hardly neutral. Quote Link to comment Share on other sites More sharing options...
Warlord Posted June 7, 2021 Share Posted June 7, 2021 9 minutes ago, goldbug9999 said: He also runs a business selling gold to investors which is in direct competition with bitcoin so hes hardly neutral. you're tiresome. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 7, 2021 Share Posted June 7, 2021 (edited) 20 minutes ago, Warlord said: you're tiresome. It must be tiresome that were not buying your ********, but you are welcome ****** off if you dont like this thread. Or how about telling us again how your "sources" think the Fed is going to ban it (which they were supposed to do this past week as I recall). We could do with a laugh. Edited June 7, 2021 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 57 minutes ago, goldbug9999 said: Hes been wrong on every prediction about bitcoin for 10 years so not seeing why hes worth air time now. This. 👆 47 minutes ago, goldbug9999 said: He also runs a business selling gold to investors which is in direct competition with bitcoin so hes hardly neutral. And this. 👆 @Warlord Quote Link to comment Share on other sites More sharing options...
Warlord Posted June 7, 2021 Share Posted June 7, 2021 22 minutes ago, goldbug9999 said: It must be tiresome that were not buying your ********, but you are welcome ****** off if you dont like this thread. Or how about telling us again how your "sources" think the Fed is going to ban it (which they were supposed to do this past week as I recall). We could do with a laugh. I never said that. I said the Treasury would go after it. Which they will Quote Link to comment Share on other sites More sharing options...
ubuntu Posted June 7, 2021 Share Posted June 7, 2021 19 hours ago, warpig said: It will find its path within the next 10 days. If the deathcross materialises before it breaks higher based on the projected timeline in my chart, which looks more likely at the moment - the counter trend rally should be quite impressive. I think you could toss a coin at the moment, but if we ever needed Saylor to step in and buy BTC... it's now. does this help? Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 7, 2021 Share Posted June 7, 2021 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 (edited) 5 minutes ago, goldbug9999 said: Yet the noobs on here said it would never happen, it would never work... Edited June 7, 2021 by MonsieurCopperCrutch Quote Link to comment Share on other sites More sharing options...
scottbeard Posted June 7, 2021 Share Posted June 7, 2021 1 hour ago, goldbug9999 said: It must be tiresome that were not buying your ********, but you are welcome ****** off if you dont like this thread. I’ve had Warlord on ignore for a while now - suggest everyone else does the same. He doesn’t believe in Bitcoin, which is fine, but I put him on ignore because I don’t learn anything from his posts. Quote Link to comment Share on other sites More sharing options...
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