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bayu7adi
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January 04, 2019, 02:58:38 PM |
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when the blockchain network is quiet or there are not many who make transactions, then all transactions will be quickly processed by the miners, but when the transaction traffic is crowded, then someone with the highest GAS will be the priority of the miner to be processed immediately
so, it's true, that when the transaction process is fast, then everyone who makes a transaction will install a normal or even sub-standard GAS, and whether they want it or not, the miner must do it, which is processing the existing transaction
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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kerjakuat
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January 04, 2019, 03:05:12 PM |
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Less people making an transaction so the speed of transaction will be fast and when it crowded with transaction the speed of transaction will getting slow. I think blockchain has more a cheap fees transaction then the bank fees for transaction. Better to use blockchain as it more cheap and transparent.
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virasog
Legendary
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Activity: 2968
Merit: 1159
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January 04, 2019, 03:30:39 PM |
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YES! and i think it has less to none transaction fees.  Crypto is faster but it has a tx fee. Bitcoin Tx fee is low but if you need to do many transactions, then this tx fee combine might be a good one . If we compare it with the cost of sending money from one place to another ( Country to Country), then the cost of bitcoin transfer is very less. Even services like western union and Paypal charge too much and when it comes to digital currency, it is almost free of cost. |
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maldini
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January 04, 2019, 06:18:10 PM |
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Someone will not be too concerned about speed, the obvious fact is crypto is cheaper compared to fiat. Other altcoins have cheap fees and transfer speeds because they have very far prices with bitcoin, just imagine if bitcoin has a price like xrp, maybe bitcoin would be much faster
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hxtop
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January 04, 2019, 06:40:02 PM |
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Cryptocurrencies are far away to compete with speed, fee ratio and simplicity of transactions made by banks. I can say that they might be better in securlty issues. If we focuse on this issues, we may contribute to find solutions for these problems. All I want to say is there is a long way to be better than banking system.
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gaslyant
Jr. Member
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Activity: 114
Merit: 1
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January 04, 2019, 08:57:51 PM |
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I think BTC should reduce the block time and increase the tps but some tokens take it to the extreme, also PoW might not be the way to go in the future because of the energy consumption.
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fianaindriati
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January 04, 2019, 11:11:30 PM |
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Someone will not be too concerned about speed, the obvious fact is crypto is cheaper compared to fiat. Other altcoins have cheap fees and transfer speeds because they have very far prices with bitcoin, just imagine if bitcoin has a price like xrp, maybe bitcoin would be much faster
yes, I think most people see coins, of course, from the price. because they buy so certainly see the price. whether the price is friendly or not. but of all this time, other coin prices are more affordable than bitcoin. so most of what I see is that everyone chooses a coin that is rather light in price. |
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Eildosa
Member
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Activity: 572
Merit: 10
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January 04, 2019, 11:35:56 PM |
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Bitcoin, which is gaining popularity, has already achieved a lot. But he's not perfect either. Over time, its existence revealed some problems of its use. But it is on the contrary good, there is something to work on. There are altcoins that are in some ways superior to bitcoin, but he's still number one.
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margueritabarrutti
Newbie
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Activity: 30
Merit: 0
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January 05, 2019, 01:59:26 AM |
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YES! Crypto can make our lives easier also. With fast and hassle-free transactions, it's literally helping us out.
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jaymmagne
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January 05, 2019, 02:24:46 AM |
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I got all the three coins that you mention and i can say it too that between the three coins , XRP is worth it in terms on fees and the transaction. Hope this will not change in the near future.
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maman567
Member
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Activity: 648
Merit: 10
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January 05, 2019, 03:47:01 AM |
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By using crypto as ecurrency for payment transaction, we got service more faster and cheaper, we can sent much money to other country if allowed using bitcoin with fasted and lower fee.
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mmaxswellmurugan
Newbie
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Activity: 32
Merit: 0
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January 05, 2019, 04:12:25 AM |
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Yes! This is the reason probably why a lot of people are using Crypto now.
It's hassle-free and fees are low.
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jcarlo
Member
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Activity: 798
Merit: 10
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January 05, 2019, 08:16:19 AM |
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I think BTC should reduce the block time and increase the tps but some tokens take it to the extreme, also PoW might not be the way to go in the future because of the energy consumption.
I am agree with you. If bitcoin can reduced the transaction fee and more faster on transaction, i think it will be good news for bitcoin holder. POW is good for bitcoin because its decentralized cryptocurrency and i think thats the reason people trust on bitcoin |
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