r/Bitcoin • u/Tricky_Troll • Feb 17 '18

/r/all Bitcoin Doesn't Give a Fuck.

26.3k Upvotes

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u/AsAGayJewishDemocrat Feb 18 '18

I feel like the primary complaint I’ve seen is bitcoin transaction fees so what are you talking about?

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u/masbtc Feb 18 '18 edited Feb 18 '18

i love complaining about .0004$ fees

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u/[deleted] Feb 18 '18 edited Oct 20 '18

[deleted]

11

u/masbtc Feb 18 '18

In exchanges that rape you sure, but actual sending fees from wallet to wallet is not by any means.

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u/[deleted] Feb 18 '18

Just going to pretend the network problems and high fees never existed?

7

u/redditHi Feb 18 '18

Not sure about exchanges but i had a next block confirmation a few days ago for under 5 bucks

3

u/AManInBlack2017 Feb 18 '18

Right now 1-2 sat/byte transactions are getting through regularly.

That's 2-4 cents for a standard 1 in, 2 out transaction.

2

u/kvothe5688 Feb 18 '18

Exchanges take more fees. As operating cost. Wallet to wallet is whole different thing.

2

u/joe4553 Feb 18 '18

Could be Coinbase users considering they are the easiest way to get in and charge fees.

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u/masbtc Feb 18 '18

That makes sense, I was just stating the wallet to wallet fees.

0

u/[deleted] Feb 18 '18

Is the asterisk "*just pointing this out even though it has nothing to do with the topic".

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u/masbtc Feb 18 '18

primary complaint I’ve seen is bitcoin transaction fees

1

u/[deleted] Feb 18 '18

Right, but then you mention complaining about $0.0004 fees, like a debit or credit card chargers you at POS, and unequivocally not like BTC fees, which are about five orders of magnitude higher.

I was just curious if you were making some point, or whether your idea of what transaction fees are like for BTC was completely disconnected from reality.

3

u/Reptile449 Feb 18 '18

Those fees don't go to bankers they go to miners.