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RE: Bitcoinmagazine: 50 USD transaction fee and Energy Consumption is no issue and should not be included in Weiss Rating

in #bitcoin6 years ago

The 50$ fee just was a short-cut example I used for the bad user-experience which seems to not matter to bitcoin magazine. It is not been said like this, but if bitcoin at 150 billion should be a stronger buy than Steem at 1 billion it implies that the transaction fees of Bitcoin are no issue. And I have seen transaction fees of 280 usd. Jeff Berwick said, for a large transaction of subscription fees he had to pay 2000 usd in fees. (I guess because of the large kb size of the transaction.)
For me thia means you cannot use the currency for small transactions anymore...