Show Posts
This is a pretty cool processing fee calculator that shows the true impact Bitcoin can have on the world economy. https://thecryptostore.com/index.php?id_cms=20&controller=cms
The calculator is wrong.
It doesn't show time so it's impossible to understand scale. In the 1 minute i let it run there were $1.9M feels from our traditional monetary system and $0 from bitcoin. I think that's completely wrong. Bitcoin ISN'T free. I get charged from Bit-x and Coinbase and others to make transactions. So this either shows how infrequently bitcoin is used (because the number for fees still says $0) or the numbers are wrong.
Also, what does pencils donated to city schools (now at 10,000,000 after 5 minutes, wtf?!), bottles of water donated, and people who could have been sheltered, and villages fed have to do with bitcoin fees.
Why is the average American salary $0.14?
Forget this site, it's bullshit!
It is per second. The donations show what those funds from processing fees could have been put towards if spent on charitable causes. And as stated in a previous post we are working on the Bitcoin calculations.
