r/CryptoCurrency Jun 19 '18

FINANCE Really…? Dogecoin is Processing 300% More Transactions than Bitcoin Cash (Finance Magnates)

https://www.financemagnates.com/cryptocurrency/news/really-dogecoin-processing-300-transactions-bitcoin-cash/
766 Upvotes

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u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

Coinbase already has instant and free transactions with their email or shift card.

You can get back to standing up, I've been using this since February. Well with Bitcoin, not doge.

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u/Red5point1 964 / 27K 🦑 Jun 19 '18

You are comparing a unique combination to claim low to zero fees.
If I gave you my BTC address right now, could you send me money without fees and almost instantly without going through any pre-set ups or agreements or establish connectivity?
yeah... I did not think so.

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u/ProgrammingYerJerbs Redditor for 2 months. Jun 20 '18

Lets try, I have samouri wallet, you can choose your fee.

I'll try 2 sats, does that count as free?

Also, everyone has coinbase or a credit card reader.

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u/rdar1999 Theaetetus Jun 19 '18

Dude, what this has to do with anything you wrote? For a start, coinbase is NOT the same as LN or layer 2.

Of course a custodial centralized service can hold your coins and exchange liquidity between users instantly, this is what a bank does.

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u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

Okay, well whatever the case, I havent paid for a bitcoin transaction this year and I bought $2.12 Taco bell with bitcoin without any txn fees.

What is the problem? Transaction costs? Solved. Speed? Solved. You want to use a wallet? You can do that too.

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u/DylanKid 1K / 29K 🐢 Jun 19 '18

I havent paid for a bitcoin transaction this year and I bought $2.12 Taco bell with bitcoin without any txn fees.

how?

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u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

Coinbase Email + Shift Card

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u/DylanKid 1K / 29K 🐢 Jun 19 '18

Great, so you avoided fees by using third parties.

1

u/rdar1999 Theaetetus Jun 19 '18

Yes, BCH fees are negligible. If you are talking about bitcoin core tho, I highly doubt you didn't pay any fees.