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Author Topic: high fees, bitcoin or ethereum!  (Read 1487 times)
Money Maker Shaker (OP)
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May 21, 2017, 05:04:42 PM
 #1

when looking at below picture remember these:
  • bitcoin apart from increased adoption has been under a heavy spam attack.
  • there is no block size problem in ethereum.
  • number of etehreum transactions are ~0.3 bitcoin.
  • there are lot of transaction in bitcoin mempool competing and causing the fee rise.
  • there is no backlog in ethereum!



just for fun:
Buterin: "bitcoin transactions cost five cents.... it is absurd"
fast forward to 2017: ethereum fees are 50 cents! and it is not even adopted by any real thing!

Shake it baby!
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May 21, 2017, 06:41:16 PM
 #2

Ethereum is also an elaborate scam.

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Qunenin
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May 21, 2017, 06:48:12 PM
 #3

when looking at below picture remember these:
  • bitcoin apart from increased adoption has been under a heavy spam attack.
  • there is no block size problem in ethereum.
  • number of etehreum transactions are ~0.3 bitcoin.
  • there are lot of transaction in bitcoin mempool competing and causing the fee rise.
  • there is no backlog in ethereum!



just for fun:
Buterin: "bitcoin transactions cost five cents.... it is absurd"
fast forward to 2017: ethereum fees are 50 cents! and it is not even adopted by any real thing!

I still dont get it why you people are so much concern about the fee. Just compare Bitcoin or ETH with fiat and you will realize how good the Bitcoin is with no taxes, no high fee for sending money outside of country, easy spending online and no more hassle of paper work required in order to get a credit card for online spending.

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25hashcoin
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May 21, 2017, 06:50:46 PM
 #4

when looking at below picture remember these:
  • bitcoin apart from increased adoption has been under a heavy spam attack.
  • there is no block size problem in ethereum.
  • number of etehreum transactions are ~0.3 bitcoin.
  • there are lot of transaction in bitcoin mempool competing and causing the fee rise.
  • there is no backlog in ethereum!



just for fun:
Buterin: "bitcoin transactions cost five cents.... it is absurd"
fast forward to 2017: ethereum fees are 50 cents! and it is not even adopted by any real thing!

I still dont get it why you people are so much concern about the fee. Just compare Bitcoin or ETH with fiat and you will realize how good the Bitcoin is with no taxes, no high fee for sending money outside of country, easy spending online and no more hassle of paper work required in order to get a credit card for online spending.


I think you missed the point....this is about how butterin and his followers are hypocritical and how ETH scales 10x worse than bitcoin despite ETHkids pumping ETH as havinging superior scaling when it's actually way worse. As OP said....fees are already getting higher and not a damn person uses ETH for anything other than speculating. Pathetic joke.

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May 21, 2017, 06:55:01 PM
 #5

when looking at below picture remember these:
  • bitcoin apart from increased adoption has been under a heavy spam attack.
  • there is no block size problem in ethereum.
  • number of etehreum transactions are ~0.3 bitcoin.
  • there are lot of transaction in bitcoin mempool competing and causing the fee rise.
  • there is no backlog in ethereum!



just for fun:
Buterin: "bitcoin transactions cost five cents.... it is absurd"
fast forward to 2017: ethereum fees are 50 cents! and it is not even adopted by any real thing!

I still dont get it why you people are so much concern about the fee. Just compare Bitcoin or ETH with fiat and you will realize how good the Bitcoin is with no taxes, no high fee for sending money outside of country, easy spending online and no more hassle of paper work required in order to get a credit card for online spending.


I think you missed the point....this is about how butterin and his followers are hypocritical and how ETH scales 10x worse than bitcoin despite ETHkids pumping ETH as havinging superior scaling when it's actually way worse. As OP said....fees are already getting higher and not a damn person uses ETH for anything other than speculating. Pathetic joke.

ETH is getting famous due to the more developers are preparing their projects on ETH platform due to that ETH is growing famous but still it cannot compete with Bitcoin. even if the transaction fees is compared still when comparing to fiat currency the fees of bitcoin is cheaper then ETH FEES
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May 21, 2017, 06:57:04 PM
 #6

when looking at below picture remember these:
  • bitcoin apart from increased adoption has been under a heavy spam attack.

How do you know this?

The rest is, I guess, altcoin discussion and thus not in the scope of this sub-section, and not really in my scope either...[/list]
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May 21, 2017, 07:20:57 PM
 #7

Bitcoin is a peer-to-peer payment system, with all the ensuing consequences.

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May 21, 2017, 07:32:11 PM
 #8

I have said it before that the situation BTC find itself all Altcoins will love to be in that position, the issue of transaction fee will be worse in Ethereum, it is just a matter of time.

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TheWallStreetCrew
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May 21, 2017, 07:33:33 PM
 #9

Ethereum is also an elaborate scam.

I can think of 13 billion reasons to invest in Ethereum and they are just getting started.

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May 21, 2017, 07:45:01 PM
 #10

Ethereum is also an elaborate scam.

I can think of 13 billion reasons to invest in Ethereum and they are just getting started.

I'm sure people said the same thing during the dotcom boom  Roll Eyes

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May 21, 2017, 07:53:10 PM
 #11

Well, just as an exercise of imagination, think what would be the transaction fees if the transactions were as many as Bitcoin, and if someione decided to make a large spam attack. If the network didn't shut down, of course.

Same with any other coin that has cheap fees.
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May 21, 2017, 07:53:33 PM
 #12

Although ETH is able to compete with bitcoin but ETH will not be superior to bitcoin, Seen in the graph the increase in eth is able to compete bitcoin even though the tax is out to be proportional to bitcoin it is more and more eth users who do transactions in this year.
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May 21, 2017, 08:53:26 PM
 #13

Ethereum is also an elaborate scam.

I can think of 13 billion reasons to invest in Ethereum and they are just getting started.

Bankster scam just like ripple.

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May 21, 2017, 10:21:14 PM
 #14

***
  • there is no backlog in ethereum!
***

you know that you can slide fee to bottom ? and you will get fee
0.000563528 ETHER ~ 0.075$ blockchain is expensive pice of shit Cheesy
and ETH will be expensive too.

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May 22, 2017, 04:28:05 AM
 #15

Ethereum is also an elaborate scam.

I can think of 13 billion reasons to invest in Ethereum and they are just getting started.

I agree with full confidence. How many times had Bitcoin been called as just another scam before? The same thing can be said of another coin because in the first place this is just digital...something that can only be represented by numbers and not the same as the fiat money which you can see in your hands (but fiat money can also be scams). If Bitcoin is the king I would consider Ethereum to be the queen.
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May 22, 2017, 04:45:15 AM
 #16

I feel the need to think about when costs always rise high why BTC is taking a better step so that the costs incurred by us are not high.
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May 22, 2017, 04:49:24 AM
 #17

I still loyal with bitcoin, I personally think bitcoin is better than ETH because ETH already ever forked and bitcoin has proven more stable and able to survive in hard situation, the fee is a bit not comforting but I still not too bother with it because I don't do too much transaction using bitcoin, and there are more places to spent using bitcoin


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May 22, 2017, 05:05:44 AM
 #18

there a possibility that the fee of ether will also get higher when price jump if the ether price will be same as btc
like happen in bitcoin fee start to rise when the price jump it all start when get lot of adoption
even btc have backlog some of it because of those greedy who spam the network and still spamming the network
if price still go higher sooner or later people will just use bitcoin for high transaction because of high fee
that thing can become solution for bitcoin less transaction less backlog less fee
if that happen and transaction still cant handle by the network maybe just need add block size of something
in the end high fee or not in other crypto it still the same when you compare it in same price and there is always get similar solution





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May 22, 2017, 05:36:12 AM
 #19

Ethereum is also an elaborate scam.

I can think of 13 billion reasons to invest in Ethereum and they are just getting started.

I can think of way more reason not to invest in Ethereum and they are all established and more to come.  Anyway, I still respect your PoV about ETH, it is your money anyway, just don't make some scheme into luring unsuspected investors tricking them with words and lying to them Cheesy
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May 22, 2017, 05:40:39 AM
 #20

stay with bitcoin, ETH is more centralized than bitcoin will ever be, even so there are gpu mining there, it will go 100% pos soon, and we know how pos is bad and destroy every coin in the end

also ETH or any other coin is not accepted as a currency, which is the whole point of being a good currency, if it can't be used, i'm not interested in a just a pump and dump scheme
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