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RE: blocktrades.us is telling us that BTC transaction cost is spiking

in #bitcoin7 years ago

Agreed. Two days for a transaction seems like BS in a digital world. But for comparison, how long would it take you to sell 10 ounces of real gold for a fair price?

BTC barely meets the hurdle of being easier to transact than real gold.

Seems clear that BTC will need to continue to evolve, they need to get to a new consensus quickly

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For most people BTC is both cheaper and safer to buy, sell, transport and store than real gold, and this in itself contributes to its outperformance over gold, which in itself is retrospectively a reason to prefer BTC over gold.

Agreed, as long as BTC transactions don't take multiple weeks to clear.

still hasn't cleared...OVER two days now..

They need some of the Lightning Network lightning juice.

This may prompt BTC Core to work harder and faster on the lightning interface