/biz/ - Business & Finance

>>56619644
no, retardfaggot, talk about ETH fees please!

>>56619644
i just made a thread about this, and need to withdraw about 150 bucks in btc to get xmr, wtf i don't want to pay a 15$ fee

>>56619644
Try sending a swift wire transfer. Then you will understand.

>>56619699
i saw the thread. checked the fees and confirmed.

>>56619728
damn, thanks, i was confused thought i did something wrong but guess not

>>56619644
>16.46 fees
fuck off shitcoiner.

>>56619699
>xmr tootin dinosaur
let me guess ur a btc/xmr maxi with high probability of being a pedophile and missed everything from eth onwards bc u think ur smarter than everyone else.

>>56619746
I don't do shitcoins. No shit it fell back down, but what I stated wasn't untrue to begin with.

>>56619681
remember when vitalik made fun of btc because of fees and thought eth was a scaling solution? good times

>>56619719
there's zero fees for a swift transfer anon
also bitcoin wont be considered a currency in the future but a computation failsafe
>see the banned book Softwar by Jason P Lowery

>>56619644
I paid $12 on binance yesterday. If you factor in the market order spread I lost about $30 on a $140 cash out.

>>56619788
you can't really compare "average fees" you must instead look at what are times per each fee bid (as in my previous screenshot)
average fees will be wildly skewed by whale or institution that doesn't mind paying $40 to move $500M in BTC RIGHT NOW
whereas most ppl are happy paying $3 fee for confirmation "sometime today"
all of this is compounded by newfags who use cexes or hardcoded wallets that use set fees (ie. its how they make money), then they blame "bitcoin"

>>56619774
no, btc is my biggest holding, but i also have eth, atom, rose, and various shitcoins. i just need to buy drugs anon.

>>56619839
bitcoin isnt meant for retail.

>>56619829
fuggg btc bros i thought only eth had to deal with this

>>56619803
>what is a wire transfer
Learn to read.

lightning solves this

>>56619803
jesus that book goes for a lot of money

>>56619803
>This is a physical print of a publicly available academic thesis written by Jason Lowery, an active-duty US Space Force astronautical engineer and US National Defense Fellow at MIT. Digital copies are available at MIT and Air University.

>>56619644
USDC is the replacement of fiat.

>>56620015
yes.
usdc-on-ln via taro is coming soon....jack and elon are working on this, and will be the X wallet.

>>56620033
Huh? What is a taro?
My bets are USDC on either xlm, algorand or xrp legders.

>>56620064
Taro is what Jack is working on since leaving twitter. It is method to put arbitrary assets on LN. So you could create a special onchain BTC transaction that committed those assets onto LN which then could be send around in micro-mirco-transactions instantly.

As revealed in the SMS dumps during twitter trial, Jack and Elon started talking and its what literally caused Elon to drop all the Doge bullshit. He is pretty much a maxi at this point....the idea is Jack is going to roll his developments at LightningLabs back into X (their new wallet).

>>56620156
I'm the guy you replied to. Interesting, I will look more into it.

>>56619644
that's nothing. Try sending an international instant bank transfer. Try shipping gold to the other side of the world. For spending use LN or other shitcoins that serve as L2 of btc.

>>56619794
well, at least they say, that they want to improve it. btc maxis think that poor scaling is good

>transaction cost crying
we are back

>>56620991
Almost time to begin victim blaming the poors

>>56619644
It's a replacement for physical gold

>>56620881
ETHards fully believe poor scaling is the way to go but they just lie straight to your face
at least bitcoin maxies are honest

>>56619644
How fast is fiat's decentralized, trustless, and censorship resistant transfers? Oh wait. Fiat doesn't even have one. To transfer fiat you use a payment processor like VISA, who supports all sorts of currencies, including bitcoin. So compare apples to apples. Bitcoins through VISA is just as fast as fiat through fiat. Bitcoin base chain is infinitely faster than "base" fiat which doesn't even exist. Trustless payment systems L2s like lightning can scale globally vs fiat... oh wait still doesn't exist. With fiat you have to use a bank or payment processor who could just flip the account from fiat to bitcoin units.

Learn the difference between a currency and payment network. The biggest value of bitcoin as a currency is the monetary supply. Trustless payment networks are in addition to that but aren't required for bitcoin to be absolutely superior to fiat.

>>56621227
>Bitcoins through VISA is just as fast as fiat through fiat.
I mean Bitcoins through VISA is just as fast as fiat through VISA.

>>56619644

Imagine asking your bank to physically transfer cash or gold from one bank to another. Your a fucking newfag and need to go home.

Credit cards for crypto exist you mongoloid.

>>56619942
ok how do we lightning?

Pulsechain fixes this

>>56622278
Pulsecope?

my fucking sides

>>56619644
retard alert

>>56619644
Most btc transactions won't be done direct on chain so they won't incur those fees.

>>56619803
>Softwar by Jason P Lowery

where can i get a copy of this

>>56622860
https://archive.org/details/lowery-jason-p.-major-softwar-a-novel-theory-on-power-projection-and-the-nationa

>>56622819
what if sending from exchange to wallet anyway to avoid the fee?
>t.brainlet

>>56623258
withdraw btc via LN if your exchange supports it.....

>>56622116
Withdraw from exchange into a lightning wallet like zeus or eclair or whatever.

21 million. No matter how hard jews seethe there will only be 21 million.

>>56623288
coinbase, unsure if they do or not, but thanks anon

>>56619644
>would you like $100 in cash, or $100 in bitcoin for your goods and services, sir?
if you think bitcoin will do well, you would choose the bitcoin. The fee doesn't mean too much to you if you expect an increase in value later. otherwise cash is the obvious choice. sending cash to someone long distance is not always free.

>>56623834
sending BTC is like sending Gold. you need a higher layer of security and aren't going to just throw it in an envelope with the minimum postage and hope it gets there. most transactions will occur in currencies pegged to BTC price. the ability of BTC to maintain a trusted price is at the core of its value.

>>56619644
Qanplatform with its proof of Randomness consensus algorithm is the way to go retard

>>56619644
>The fees are outrageous!
>continues to pay taxes
pfff... guys like you never understood the point