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RE: Let's take a look at bitcoin for a bit

in #bitcoin7 years ago

I am all with you. - followed!
Well Bitcoin confirmations are expensive ~ at around 20 bucks a pop right now. We are paying miners more than 10 dollars for these confirmations, unless Bitcoin scales this is absolutely unsustainable. Either fees even out at 20 dollars with the current capacity or we raise the capacity massively. It is that simple. This is cryptoeconomics 101.