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Title: bitcoin:just another ripoff Post by: treer123 on December 19, 2017, 11:49:04 PM heralded has a way to defeat the banks big rip off business, etc, with their high fees
Bitcoin follows the philosphy of all business, get people in with introductary offers of fees in the pennies or even nothing, and then WHACK, RIP EM OFF The joke is the fees are even higher now than the despised banks. Anyone who thinks the miners are going back to penny fees are deluded, no way will they give up their 20 dollar fees ....EVER Title: Re: bitcoin:just another ripoff Post by: bob123 on December 19, 2017, 11:59:47 PM heralded has a way to defeat the banks big rip off business, etc, with their high fees Bitcoin follows the philosphy of all business, get people in with introductary offers of fees in the pennies or even nothing, and then WHACK, RIP EM OFF The joke is the fees are even higher now than the despised banks. Anyone who thinks the miners are going back to penny fees are deluded, no way will they give up their 20 dollar fees ....EVER From your post its pretty clear you don't understand how the whole system works. Miners dont have to give up on the 'high fees'. With segwit the median transaction is cheaper, but miner still earn the same. In addition to that the extreme 'rise of the fees' comes from the BTC value rising up so high. The satoshi amount didn't increase that much - just the countervalue. Please first read yourself into the functionality of bitcoin and the problems/solutions included before making posts which don't make sense. A shift from the every-day currency to a store of value has been visible for quite a few months. Title: Re: bitcoin:just another ripoff Post by: treer123 on December 20, 2017, 12:05:12 AM i dont think you understand, to buy a cup of coffee is now 20 dollar fee, you think the miners are still earning the same?
From your post its pretty clear you don't understand how the whole system works. Miners dont have to give up on the 'high fees'. With segwit the median transaction is cheaper, but miner still earn the same. In addition to that the extreme 'rise of the fees' comes from the BTC value rising up so high. The satoshi amount didn't increase that much - just the countervalue. Please first read yourself into the functionality of bitcoin and the problems/solutions included before making posts which don't make sense. A shift from the every-day currency to a store of value has been visible for quite a few months. [/quote] Title: Re: bitcoin:just another ripoff Post by: Conquerogue32 on December 20, 2017, 12:09:53 AM I agree that we need to understand how it works more before ranting, but I wonder what happened to the highly marketed "low fees and fast transaction speed"?
Title: Re: bitcoin:just another ripoff Post by: treer123 on December 20, 2017, 12:15:52 AM As I said, it was an introductaly offer, the real fees are just begining, bookies do the same high odds to get you interested, and then just RIP OFF
The ONLY GOOD THING is the rise in bitcoin price for people, now the top people will slowly and surely secure the gains for themselves, through fees. Same in any walk of life. |