Title: BTC removed from steam for high fees Post by: bitcoinfuck on December 09, 2017, 09:49:25 AM btc is becoming pain for small transaction
BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Title: Re: BTC removed from steam for high fees Post by: zenhu on December 09, 2017, 09:54:57 AM Quote btc is becoming pain for small transaction Exactly, thats why i used alt.Quote BTC is more like asset, rather then a currency to be used daily. aint nobody want to pay coffe worth 5 usd and pay the fee with higher priceQuote ETH is the best currency as transaction is done quickly almost true but im not 100% agree, i mean this several days transaction eth have almost 18k pending transactiion daily.Title: Re: BTC removed from steam for high fees Post by: bitcoinvamp on December 09, 2017, 10:00:53 AM btc is becoming pain for small transaction Yeah you are absolutely right on this. the mining fees has increased to a great price and its really difficult to do small transaction as sometimes the transacted amount is less and the fees is more. Compared to BTC transaction ETH is really good. But, i would like to say that as the price is increasing so are the sell out transactions , due to which the mining fees has increased , that is what i think.BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Title: Re: BTC removed from steam for high fees Post by: pootutus on December 09, 2017, 10:03:43 AM I agree with all the above three points you say. These days ETH transaction costs are very high, is this transaction cost to catch up with BTC? I think the most important problem that BTC and ETH are going to solve now is the transaction cost. Only the cost of the transaction is reduced, and more people will use it.
Title: Re: BTC removed from steam for high fees Post by: talkbitcoin on December 09, 2017, 10:15:29 AM ETH is the best currency as transaction is done quickly true about bitcoin only these days. but about this, i should tell you that you have been fooled by their sales pitch because ETH is even worse than bitcoin when it comes to processing large number of transactions. you have not been experiencing it so far because nobody used ETH. but now that more are using it, the issues are surfacing and people are realizing it was all a hoax! Title: Re: BTC removed from steam for high fees Post by: legend2017 on December 09, 2017, 10:19:42 AM btc is becoming pain for small transaction I agree with such a commission carrying out frequent transactions do not want to. Loss can be quite a large amount, if the transaction is estimated by the commission of 20 dollars. Alts is the future, I have long been there and waited a long time for the increase in demand and prices for them.BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Title: Re: BTC removed from steam for high fees Post by: Ultegra134 on December 09, 2017, 10:21:03 AM Quote btc is becoming pain for small transaction Exactly, thats why i used alt.Quote BTC is more like asset, rather then a currency to be used daily. aint nobody want to pay coffe worth 5 usd and pay the fee with higher priceQuote ETH is the best currency as transaction is done quickly almost true but im not 100% agree, i mean this several days transaction eth have almost 18k pending transactiion daily.Title: Re: BTC removed from steam for high fees Post by: Kayeshlyn on December 09, 2017, 10:36:40 AM Bitcoin price is getting higher and higher in the next few days, same as transaction fee. Nowadays, sending payment worth 10$ and the cost more likely about 5$. No one will ever done that. I mention out.
Title: Re: BTC removed from steam for high fees Post by: dothebeats on December 09, 2017, 10:45:30 AM Personally I wouldn't use bitcoins for transferring assets quickly and cheaply. Right now there are other alternatives for that. I completely agree that bitcoin is nothing more of an asset today unless LN proved its efficiency and practicality in the market. It might change the game once more for bitcoin but for now, bitcoin is nothing more than an asset and investment.
Title: Re: BTC removed from steam for high fees Post by: hv_ on December 09, 2017, 10:54:04 AM Personally I wouldn't use bitcoins for transferring assets quickly and cheaply. Right now there are other alternatives for that. I completely agree that bitcoin is nothing more of an asset today unless LN proved its efficiency and practicality in the market. It might change the game once more for bitcoin but for now, bitcoin is nothing more than an asset and investment. LN can fix very special issues and is still vaporware, needs years like bitcoin to prove stability and usability. Telling everybody this fixes bitcoin is not sustainable. Title: Re: BTC removed from steam for high fees Post by: carlfebz2 on December 09, 2017, 10:54:36 AM btc is becoming pain for small transaction Ive been already expecting this thing to happen when bitcoin is still on lower price state which it can still handle transactions and now suddenly price have shoot up and transactions been piled up and now network is congested and miners cant able to handle it in a short time which would really cause huge delays the same time fees would shoot up because miners will priority those who do set higher fees.This is why I suggest for micro transactions better to wait to let the congestion passed up before making any transaction.BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Title: Re: BTC removed from steam for high fees Post by: hv_ on December 09, 2017, 10:59:35 AM btc is becoming pain for small transaction Ive been already expecting this thing to happen when bitcoin is still on lower price state which it can still handle transactions and now suddenly price have shoot up and transactions been piled up and now network is congested and miners cant able to handle it in a short time which would really cause huge delays the same time fees would shoot up because miners will priority those who do set higher fees.This is why I suggest for micro transactions better to wait to let the congestion passed up before making any transaction.BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Its not that 'miners cannot handle'. ETH and BCH can handle lot more. Title: Re: BTC removed from steam for high fees Post by: allanr on December 09, 2017, 11:00:07 AM i wondering can we have solution for that, and ah i guess forking and make another copy of bitcoin so the fee is cheap. but thats not bitcoin like i want. i mean i still want the 15k usd bitcoin price with under 10 usd fee, not new coin have cheaper price and cheaper fee ;D
Title: Re: BTC removed from steam for high fees Post by: vv181 on December 09, 2017, 11:13:03 AM btc is becoming pain for small transaction High transaction fees and volatility that what make Steam abandon Bitcoin. True micro-payments for Bitcoin only a dream for now. There’s quite a bit more complexity to making these work. Good things is I saw an article today about how Bitcoin lightning network has a functioning prototype. But its only a prototype so probably at least a one or a couple years away from building all the requisite infrastructure and developer tools.BTC is more like asset, rather then a currency to be used daily. Well, from my perspective i see Bitcoin as assets rather than a currency.ETH is the best currency as transaction is done quickly Agree, Ethereum is one of others altcoins that has a quick transaction time.Title: Re: BTC removed from steam for high fees Post by: TheBitcoinBoy on December 09, 2017, 11:15:09 AM BTC should be removed from other platforms as well.
Title: Re: BTC removed from steam for high fees Post by: Boseda on December 09, 2017, 11:21:07 AM btc is becoming pain for small transaction BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Yes, Bitcoin has becomed unasable for small transactions and it has becomed an asset. I'd say, unfortunately... ETH is not viable as well. Look what happened these days with all those cryptokitties bullshit. Congested network, high fees and long confirmation time! Title: Re: BTC removed from steam for high fees Post by: Mike Mayor on December 09, 2017, 11:29:12 AM Quote btc is becoming pain for small transaction Exactly, thats why i used alt.Quote BTC is more like asset, rather then a currency to be used daily. aint nobody want to pay coffe worth 5 usd and pay the fee with higher priceQuote ETH is the best currency as transaction is done quickly almost true but im not 100% agree, i mean this several days transaction eth have almost 18k pending transactiion daily.Yes steam is removing btc as payment and you really can't blame them. People are not using btc properly. I got into Bitcoin because I thought it was cool and fun and so easy to be able to pay online like this. I use Bitcoin to buy things often. The problem is too many people see it as an asset rather then s currency. I see it as both. I also agree with the other guy. Using eth and tokens is the way to go for smaller transactions. Places that accept bitcoin should start accepting other coins or tokens too. Title: Re: BTC removed from steam for high fees Post by: shamzblueworld on December 09, 2017, 11:47:52 AM btc is becoming pain for small transaction BTC is more like asset, rather then a currency to be used daily. ETH is the best currency as transaction is done quickly Of course with the value of bitcoin keep going higher, its gonna be impossible to transact or spend small amounts of bitcoin. Hence the popularity of alts. Eth is just one option, I think others may rise up to solve this exact problem. |