Bitcoin is garbage.

[Realist247]

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

If you're an idiot who thinks BTC was made to allow you to buy a pack of chewing gum or tip people $1 so they can buy themselves a soda, be my guest. What if somebody were to go to a bank in the United States and asked them to convert his $2 into Euro and send to his friend in France? We'd have a very similar situation where the bank fees would be higher than the payment itself. If you really want to send $2 in BTC at least be smart enough to make it a batch payment. Sending multiple single small transactions with a high fee (because a fee of $13 is far above the average) is a financial suicide.

I don't understand how people with this much experience use apples vs. oranges arguments to justify serious flaws...and then present solutions like batch payments that A) are not practical to do most of the time and B) ~90% of users cannot and will never be able to learn how to do that.  Most people I know understand how to log into accounts and turn on their PC (if they still have one)....but anything else...good luck.

The current paradigm is the equivalent of the model T Ford.  I don't understand why people attack someone for pointing out the obvious.  We should be supporting people that do so and therefore put pressure on those that have the power to fix things since said things are clearly broken from the point of view of the average user that doesn't have the mental bandwidth for creative workarounds.

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[Razick]

Buddy just because you are right about the fee situation we are currently facing, why do you go and call Bitcoin garbage? It isn't garbage, only a work in progress, and hopefully soon we will have a way to do free/instant transactions again.

[The Sceptical Chymist]

That's where altcoins are useful. When bitcoin's value are so high that giving a tip is such a waste you can use altcoins. Bitcoin is not the only cryptocurrency. And bitcoin will not be on top if there's none on its bottom.

But it's a damn shame that most retailers don't accept altcoins.  I looked up places where you can spend Dash, and there were absolutely no places where I'd want to buy anything.  It'd be great if Newegg took litecoin, for example--or anything else, because I agree with OP about this.  It just isn't practical anymore to use bitcoin for small purchases.  For a thing like a new computer, yeah, I'd spend a few dollars for network fees (with teeth a-gritting), but even that's a waste.  Why use bitcoin when you can spend fiat?  There's no fees on my end whatsoever using a debit card or cash.  And there's no opportunity cost, either, since the purchasing power of the US Dollar isn't going to explode overnight like bitcoin has done.  Ah well, maybe in the future.

[h55]

Hi

if u compare to other coins technologies, yes BTC technology's is very old. but the new forks could not help it to correct this important problem like fee.

[cpfreeplz]

Yeah segwit doesn't help.... IF YOU DON'T USsE UT DURP. Hahahaha.

What's your solution rawdog? Troll bitcointalk forever and ever? Btw, maybe the guy was just a tool who didn't know how to send a proper transaction haha.

[darklus123]

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

I am actually thinking that it was a pure stupidity. Tho it has nothing to do with bitcoin being labeled as a garbage. Yet we can't also deny the fact that the bitcoin's current situation with regards to transactions are getting worse day by day as the price goes up the fees are also pumping which is absolutely crazy

[aanbudi]

I am not surprised at the current Bitcoin fee transactions. Because Bitcoin Price can we say very high, obviously its use is also dissertation with high fee. Not because the fees are rising, but because Bitcoin Prices soar, the amount of Bitcoin that usually only 1 $ can go up to $ 5. And this is absolute.

[iram1011]

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

If you're an idiot who thinks BTC was made to allow you to buy a pack of chewing gum or tip people $1 so they can buy themselves a soda, be my guest. What if somebody were to go to a bank in the United States and asked them to convert his $2 into Euro and send to his friend in France? We'd have a very similar situation where the bank fees would be higher than the payment itself. If you really want to send $2 in BTC at least be smart enough to make it a batch payment. Sending multiple single small transactions with a high fee (because a fee of $13 is far above the average) is a financial suicide.

If not that then, what unmet demand is meeting by Bitcoin?
Because I fail to see any. There are tons of cryptocurrencies better technically than bitcoin. Why should people invest? If people are only investing because of rising price which in turn is only connected to rising demand. Then, it is a sign of impending bubble and gonna pop up badly.

[P4ndoraBox]

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

A legendary member that doesn't know that to send small amount of btc when the blockchain is overfilled with unconfirmed transactions will obviously get high fee to get priority over the waiting time is pretty ironical to me.

[tamango]

Bitcoin fees are too high but for now I think only ethereum and bch could eventually compete with it...

[A.nayem]

#This was one of the reason the rem looked so nice  when I invested. Although the fees don't have to deal with the amount of bitcoin.But it would be unwise to say it a Ponzi. It doesn't fall in its definition.

[jakezyrus]

Bitcoin is suffering growing pains right now. We need to give it some time in order for the scaling solutions to me researched, coded and implemented into the ecosystem. Once they are properly rolled out, we'll be back to cheaper and fast transactions like we grew accostumed to in the past.

yeah bitcoin is indeed suffering from these sever pains these days and i think it has already given a time to fix it on the past but still we are still expereincing this kind of problem. bitcoin always undergo on segwit and hardforks but that didnt help even and infact the problem keeps getting worse and worse day by day due to this scaling/block problems. i didnt really feel those lightning networks that some are always keep saying  or maybe that has not yet been implemented?  past is totally different from the present of bitcoin because that time bitcoin was still verry cheap and people arent aware that bitcoins exists but today bitcoins value is friggin high due to the demand that it gets from the public and that is the main reason on why bitcoin networks are really congested.

[kier010]

bitcoin price increase so fees will also follow. miners and exchange sites just doing their business and they do not do it for free so better not send small amount of bitcoin if possible use altcoins to send.

[OnyxSage]

When you tip with bitcoin, you don't tip $1.5, wake up.
Bitcoin is a king, therefore if you tip like a king, than you have to tip like a king, not like a pigeon.
Tip 0.01 Bitcoin, and everything will make total sense.

[KingScorpio]

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

i told that all the time, bitcoin is useless garbage thats what caused litecoins recente one day 60% plus

[KingScorpio]

When you tip with bitcoin, you don't tip $1.5, wake up.
Bitcoin is a king, therefore if you tip like a king, than you have to tip like a king, not like a pigeon.
Tip 0.01 Bitcoin, and everything will make total sense.

i rather think we should get rid of the energy and ressource wasting stupidity kings

[maardhayrule]

Oh, do you see any garbage worth $ 14,000?

[Realist247]

When you tip with bitcoin, you don't tip $1.5, wake up.
Bitcoin is a king, therefore if you tip like a king, than you have to tip like a king, not like a pigeon.
Tip 0.01 Bitcoin, and everything will make total sense.

Do you even own 0.01 BTC?  If not, I have a rubber hose I want to give to you for Christmas.

[Realist247]

Oh, do you see any garbage worth $ 14,000?

I've seen truckloads of crushed aluminum cans hauled out of a landfill once...and until it's cashed in that's essentially what it is...garbage.  The cans were probably worth about that much.  Ironically it's really difficult to tip using aluminum cans since the person receiving such a tip would need to go to a recycling center to cash it in.  The time that it would take out of their day (or the person giving the tip should they cash in the cans) would be about the equivalent cost of the fees.  So there's your analogy all tied up in a red ribbon.

Wow I'm a creative smartass sometimes....

[Kryten12]

I think you are missing the point, it's clear you shouldn't use bitcoin now for small transactions but to store high value and to transfer large amounts. $25 fee on $14,500 to transfer is less than 0.2% which is far cheaper than any exchange or bank.