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RE: I'm never buying Steem with Bitcoin again, ever!

in #steemit8 years ago (edited)

Bitcoin transactions are notorious for slow transaction times (unfortunately). Unfortunately all you can do at this point is wait. The smaller the amount, the smaller the fee, and thus the longer it takes :(

There is a site out there (I think) that will give you an estimate of how long it will take. I don't know what it is though (sorry). Hopefully someone else will see your post and know the link to the site.

This is a perfect example of why STEEM is so much better than BTC. 3 second transaction times, and zero fees - leaves BTC in the dust :)

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In other words Bitcoin will be dead in a couple of years If it takes it so much time to do a simple task. I have no idea why people value it so much when it's worth next to nothing.

I've been hearing more folks talking lately about Bitcoin's use more as the "reserve" cryptocurrency and mainly thought to serve as a store of value/wealth. Other cryptocurrencies like DASH/PIVX/etc with their fast block times could likely be used for your typical micro-transactions and merchandizing applications.

And Monero for applications where privacy/security is of utmost concern.

Ethereum as a "platform" to host/support all types of crypto-related applications (i.e. DAPPs) and customized blockchain/smart-contract endeavors.

And who knows, subsequent to the success of the Steemit decentralized social-media platform, what other goodies are forthcoming on the STEEM blockchain?

Keep an eye on Litecoin. It is a early fork of Bitcoin. It is closer to SegWit and Lightning Network integration. Link to coin desk article!

Or SegWit and Lightning Network will correct those issues leaving btc still at #1. Time will tell.

I ever waited for 12 hours... Yeah, that is bitcoin.

I've always seen it as a hub for all the other crypto's.