But they're assuming bitcoin never has lower fees. with LN and possible new additions in the future it seems likely the bitcoin fees will eventually become much lower. Seems odd nonetheless.
It only makes sense from a business point of view, bitcoin transaction fees would cost more than the coffee, plus payment takes hours. STEEM on the other hand has free transactions and take seconds!
Have you ever tried sending a bitcoin transaction for $4? Fees are based on data size, not amount sent. A transaction for $4 would be completeley eaten by transaction fees if you wanted it to get any confirmations.
Realistically bitcoin fees are too high and the transaction confirmation times are impractical to buy a cup of coffee with. Something with fast confirmations and low or 0 fees would be needed. XRP or XLM would likely be contenders... or XRB which has 0 transaction fees.
No weird at all. The cost of the transaction is going to be more than a cup of coffee. It just doesn't make sense.
I think the transaction fees would just be outlandish for a cup of coffee. I would bet XRP is probably on their radar.
I no longer own any of these coins--but I guess XRP, XLM, Doge and XVG will be the top 4 candidates for them, IMO.
Dont forget ltc.
Perhaps--I'm just wondering though how much is the TX fee for LTC?
But they're assuming bitcoin never has lower fees. with LN and possible new additions in the future it seems likely the bitcoin fees will eventually become much lower. Seems odd nonetheless.
I was thinking the same thing. But would prefer to see them help us. Steem would be a good fit, lets see how it plays out.
NAAAAHHHHHHHH
It only makes sense from a business point of view, bitcoin transaction fees would cost more than the coffee, plus payment takes hours. STEEM on the other hand has free transactions and take seconds!
How? And this is assuming it stays the same forever.
Have you ever tried sending a bitcoin transaction for $4? Fees are based on data size, not amount sent. A transaction for $4 would be completeley eaten by transaction fees if you wanted it to get any confirmations.
The hot Cappuccino would be cold by the time the BTC payment is confirmed! Lol
No it isn't. Bitcoin is obsolete.
Realistically bitcoin fees are too high and the transaction confirmation times are impractical to buy a cup of coffee with. Something with fast confirmations and low or 0 fees would be needed. XRP or XLM would likely be contenders... or XRB which has 0 transaction fees.
NOPE
Bitcoin uses too much electricity- it’s not sustainable.