LogFAQs > #891753226

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Topic	Bittcoin: how is a $20 fee / transaction scalable for any currency?
ChromaticAngel 12/07/17 11:08:06 AM #10:	Giant_Aspirin posted... Every time you make a transaction involving Bitcoin, you have to pay a fee to the network to process that transaction, right? And the transaction processing gets more and more complex with each transaction, correct? How do folks who support Bitcoin envision this continuing to be feasable? Literally nobody is going to want to pay $20 (or more as time goes on) to complete a transaction. It seems BTC is only feasible to exchange large quantities of money, which is not something people do on a regular basis. edit: this is part of why Steam stopped supporting it. It's not reasonable. the $20 fee is for the exchange. moving bitcoin around is free if you do it yourself, you just have to accept risks in doing so. --- https://puu.sh/tcLsT/24f4611235.png <cite>ChromaticAngel posted [p:891753226] in Bittcoin: ... [t:76071739]...</cite> <quote><cite>Giant_Aspirin posted...</cite> <quote>Every time you make a transaction involving Bitcoin, you have to pay a fee to the network to process that transaction, right? And the transaction processing gets more and more complex with each transaction, correct? How do folks who support Bitcoin envision this continuing to be feasable? Literally nobody is going to want to pay $20 (or more as time goes on) to complete a transaction. It seems BTC is only feasible to exchange large quantities of money, which is not something people do on a regular basis. edit: this is part of why Steam stopped supporting it. It's not reasonable.</quote> the $20 fee is for the exchange. moving bitcoin around is free if you do it yourself, you just have to accept risks in doing so. --- https://puu.sh/tcLsT/24f4611235.png</quote> ... Copied to Clipboard!
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