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Title: This video needs to be updated Post by: neutralist on September 23, 2013, 06:36:33 PM http://www.youtube.com/watch?v=Um63OQz3bjo#t=89
"No fees" is obviously false as a transaction with no fees (a.k.a. no tips) don't get processed/confirmed at a reasonable time frame. Title: Re: This video needs to be updated Post by: Cudahuda on September 23, 2013, 06:38:50 PM Yes, it also provides too much emphasis on mining as things are a bit different now.
Title: Re: This video needs to be updated Post by: Stephen Gornick on September 23, 2013, 06:47:06 PM http://www.youtube.com/watch?v=Um63OQz3bjo#t=89 "No fees" is obviously false as a transaction with no fees (a.k.a. no tips) don't get processed/confirmed at a reasonable time frame. The sender pays a fee. A merchant doesn't pay a fee. Title: Re: This video needs to be updated Post by: will1982 on September 23, 2013, 08:17:31 PM It's kind of outdated, but not enough to warrant a remake.
Title: Re: This video needs to be updated Post by: Pumpkin on September 23, 2013, 09:12:16 PM A much better "What is bitcoin?" video:
https://www.youtube.com/watch?v=X_hz7TyQ_bs Doesn't overemphasize mining. Mining only confuses people and makes bitcoin look like a ponzi scheme. Don't talk about it! Anyone got better suggestions? Title: Re: This video needs to be updated Post by: marcotheminer on September 23, 2013, 10:16:37 PM http://www.youtube.com/watch?v=Um63OQz3bjo#t=89 "No fees" is obviously false as a transaction with no fees (a.k.a. no tips) don't get processed/confirmed at a reasonable time frame. The sender pays a fee. A merchant doesn't pay a fee. I think thats what the video is trying to point out. But still they are fees... Title: Re: This video needs to be updated Post by: gmaxwell on September 23, 2013, 10:32:05 PM I think thats what the video is trying to point out. But still they are fees... The video is quite accurate on this point, and note that it does show that there are fees. It then distinguishes the merchant case.Title: Re: This video needs to be updated Post by: will1982 on September 24, 2013, 12:01:33 AM http://www.youtube.com/watch?v=Um63OQz3bjo#t=89 "No fees" is obviously false as a transaction with no fees (a.k.a. no tips) don't get processed/confirmed at a reasonable time frame. The sender pays a fee. A merchant doesn't pay a fee. I think thats what the video is trying to point out. But still they are fees... The fees are very low. 0.0005BTC=$0.06 USD. Not very much if you ask me. |