People who think $45 transaction fee for transferring millions/billions dollars worth of value globally without any censorships is high.
Think again. #Bitcoin
Discussion
I’m people. There has to be a better way. There is a reason it’s layer 0.
Lightning, fedimint. But no, there is no better way than Bitcoin.
I never said there was a better way than Bitcoin. I said there is a better way than $45 transaction fees.
Scarce blockspace is a core engineering feature which allows Bitcoin to be decentralized and censorship resistant. How do you propose we price fix fees lower without altering that dynamic?
I have no proposal. My point was there is a reason bitcoin is layer 0. Lightning is a great start.
Layer zero is terminology which usually refers to the people of Bitcoin, the node runners, users, miners, etc.
Just to clear up some of my confusion.
I’m people. He’s right.
too high
you can send millions in monero for cents
and get privacy
even litecoin
🤮
eat meat
not plants which want to kill you
then you do not have to vomit
I spent $19 in fees for $600 transfer.
#bitcoin is best option for now.
How long till it confirmed?
2 days
Damm. I've been using lightning and liquid. There are trade-offs, but I think the reward-risk ratio makes liquid a decent option.
Fedimints might be better, but I have only used one on testnet so far.
This is also not finacial advice. This option makes sense for me. This would not be a good strategy for someone taking their bitcoin off coinbase for the very first time.
I’m transferring quite a bit less and i’m very happy. My money and self sovereign. Worth every sat 🤙
🤙
But what if you want to send 45$ and the fee is 45$. So base layer is for millions and billions mainly, and we should build something on top?