Why are you in these threads?

The transaction fee needs to go to the miner who processes the transaction, otherwise your transactions won't get processed. You can, of course, charge whatever fees you want for whatever services you offer, but these have nothing whatsoever to do with the transaction fee for Bitcoin transactions themselves.
https://bitcoin.stackexchange.com/qu...allet-operator

We know Satoshi expected a degree of node centralisation to occur as bitcoin became popular globally. We already have mining centralisation and bitcoin continues to work.

By failing to repeal the 1mb maximum blocksize limit, bitcoin is now limited by an artificial cap to transaction space within each block. Core developers have deliberately created a situation where users must now use their transaction fee to bid for a coveted seat in these constrained blocks. We all know that when demand for transactions exceeds available space that the network 'breaks' with rising fees, transaction delays and a new extremely cheap attack vector to disable the network for regular users (flood attack). Gregory Maxwell says that bitcoin was designed to run with full blocks like this all the time (interesting viewpoint given in 2009 bitcoin was released without such limitations and it has taken 7 years to reach this precarious state!).
https://www.reddit.com/r/btc/comment...ulated_why_is/

1. Because opinions are like assholes -- everyone has one
2. I know what you are trying to do

Normally, when a commodity has an end value or potential for stored value (precious metals delivery) speculation tends to support prices in a range.

Bitcoin (and now the 800 other digital currencies, many countless ICOs) are unregulated volatile markets with investors selling to other investors -- actual digital *currency* users are far an few between.
So in my opinion, remember I am only one of the ''assholes'' LMFAO, the way these digital *currencies* are being played is a scam -- the bockchain idea is good. No, end user needs these digital currencies to pay any legal debt.

The reference to Venezuela was asinine BTW -- a classic *Trump Diversion*

So why do digital currencies even exist in their present form?
So you can create them for profit, profit by their transaction and profit by their speculative market.

if by now, 2017, you cant find any value in crypto, best you just sit this one out, onto the next topic for you please :thumbsup

This is all cut and paste bullshit to try and show us you have some depth of knowledge. Nice try. You might also get some education on Venequela's fiat problems before you call my quip a "classic tRump diversion". Your so-called original thoughts have been expressed elsewhere by the original creators. You have to remember that some of us are current in our knowledge and information. Like I said, nice try, but fail.

Bitcoin is a scam -- it was never intended to be a transactional currency

Fuck you and your ad hominem attack on me.

That is the only reply you can make when faced with the truth.

You can't con an honest man only a greedy fool.

Based on the replies it is clear who has taken the time to *truly* research cryptocurrencies and who has not.

Btw I have no personal issues with you Barry, but you make no sense in all your postings.

For one, you are super anti-bitcoin, but you partake in EVERY bitcoin related thread, that does something to your reputation, that kills your credibility.

second, everyone in these threads seem to understand crypto to a certain extent, but you seem totally in the dark, is like you are a brick wall to learning about crypto, (bias, close-minded?) i dont know, but your mind seem completely made up on this already. And again, i dont mean that as insult, it just amazes me to see an adult throw around as much false info as you are on any topic. I just hope people are smart enough to not listen to your terrible misleading theories :2 cents:

I like the idea of a blockchain.
I don't like false claims.

I hope you made internet millions ...

The True Cost of Bitcoin Transactions - Money and State

Bitcoin for dummies LMAO.

That is why Bitcoin is a fail as a currency in trade.

Nice volatility for speculation as long as there are speculators.

I'm not attacking you dipshit. Re-read the threads. You've got nothing, but you sure are full of yourself.

fuck you

Thats what litecoin was made for. Just about every crypto is based on Ethereum or Bitcoin block chain tech so I dont see how its a scam in the slightest. You sound salty for missing the boat.

Search Results: bitcoin

The CFTC has taken jurisdiction in the USA. You want to call trading air not a scam fine.

My point is: without new traders or actual end users the market will collapse.

When you are trading commodities someone always takes end of contract delivery. When was the last time a truck showed up and dumped a load of Bitcoin? Never.

Bitcoin is not freely convertible like real currency either.

Freely is the operative word here.

I can convert BTC to fiat extremely easily. Again I think you need to do some due diligence and research on your end. And its not trading air...you have people who have vested billions of dollars into mining equipment. They set the pricing of the market.

as with commodities, fiat in every country, crypto, and anything of worth or value.

If that is your point, then your entire argument has no hope.

But everyone is entitled to their opinions, I'd just hate if your words would influence others, that would be a shame :Oh crap

Funny, no one wants to comment on the transaction costs.

And the risks in the price volatility in the transaction's settlement time.

Funny how you ignore the truth about being able to convert to fiat. Go on Coinbase or Gemini and you can do it all day long.

I think everyone knows the inherent risk with volatility a la bitcoin or any crypto for that matter. As previously mentioned BTC was never meant to be used as a form of payment, hence LTC. Lower transaction fee's and low wait times.

Exactly my point. Very few need need Bitcoin.
If you have to create need for your currency you have a real problem.

If the World Bank (or other international entity) enters the international transaction market, storing or moving *monetary value* in consumer amounts, then it is just a matter of time.

The end.

That is not the story line of 5 years ago. Bitcoin was going to revolutionize the payments industry. They are still trying to sell that story.

If you wanted to make the new digital casino -- then you have arrived.

ok wait, are you saying you actually use bitcoin?
I use crypto daily, trading, buying things, withdrawing to cash, sending to/from exchanges, etc and I've never had problems with time of transactions, nor have I had problems with costs.

Your arguments and "points" are weak at best. Your experience with actually using bitcoin recently seems minimal (if any usage at all?). When was the last time you've used bitcoin and what transaction and cost problems did you encounter? Share your experience pls :winkwink:

Your mind is obviously made up, but your attempt to pursuade others with false informations is wrong imo, close-minded opinions aren't helping anyone.

It did revolutionize the payment industry regardless...litecoin was birthed because of it. There is more to crypto than just payments/processing.

I have never used bitcoin and never will so long as it is what it is.

If Bitcoin was never intended as a transactional currency -- what was its purpose?

And what is LTC-> USD or Euro's transaction costs?

Who said that? no one in this thread

Evading a direct question LMAO.
Answer a question with a question?

How am I avoiding the question when no one has proposed what you are saying in the thread? LMAO @ you sir.

I asked a simple question.

there you go 'are saying in the thread? ' answering another question with a question.

Youre asking a question to something no one has claimed or proposed. Hence the confusion. No one said it wasnt meant or intended for a transactional currency. You did. Which is untrue. So not sure what you're lookin for here

I usually pick 5-10%+ per trade pair. I use Coinigy - Professional Bitcoin & Cryptocurrency Trading Platform for trading.

Nice to see someone who understands blockchain revolution :)

I agree with you here, although entire hype around XRP is based that BANKS will use it, while actually banks will use it's technology, not the actual coin...but well buy rumours, sell the news as they say :)

This is barry's MO here. Always running his dick sucker like he knows everything. Ask barry how his short play of the market is doing. He announced it when trump won the election and now the market is up 25% lol.

Poor guy is going to be an affiliate rep till he's 90.

You need to be careful about picking your fights. You are intellectually out of your league in this thread. And your every post about BTC confirms it.

Poor affiliates who have such aff rep lol :(

Confirms my subjective opinion :)

Just for the record I have NEVER been an affiliate rep for any company, nor am I currently working for xlovecam, or their parent, in any capacity -- I emailed Eric asking to change this name screenname may, 18-- never got a reply.

When people cannot answer a direct question -- specifically, about just how bitcoin fees are allocated when someone wants to cash out - then you are hiding something.


Good luck and good bye --I have no use for any of you.

Well, that explain why you been so cranky lately :1orglaugh
Good luck to you too and dont bother yourself with things which annoys you :)
It was nice to meet you back then at TES Prague when you took a dump on hustler.

As i stated previously in the thread they are allocated by the miners. Perhaps actually reading what is typed would help clear any additional questions.
:1orglaugh:1orglaugh:1orglaugh

PS Exchange fee's vs transaction fees are different. Exchange fee's are set by the exchange itself. Gemini has the best rates around. Very Low for trades and cash out rate

No Klen, actually I am quite pleased with my decisions :2 cents:

So they shit canned you? :1orglaugh:1orglaugh

We spoke to the Xlovecam owner in Mamia on the summit in 2015, and they told me that you are not an representative or should be considered as one. So you are right. No idea why you act like one here. please change your name, cause it is false representation of who you really are.

Who did you speak with -- Name him.

I have my bills paid with Bitcoin on the corner of the street with a bit coin payment machine. Phone, utilities, it's all accepted.

Welcome in the Millennial generation, sorry you missed out, maybe you should focus on your work instead of on boards trying to patronize everyone with your Copy V knowledge.

You're an asshole, true story.

I truly hope Xlovecam doesn't work with you in any way and you going to a show gossiping about board personalities was a huge turnoff to them I guarantee it.

You claim to know so much about Bitcoin but your only defense of it is a personal attack. Curious

Holy shit , when a Bitcoin collapses its the exchanges and wallets that will fuck people over.

I'll bet you won't even admit that Bitcoin has vulnerabilities right? It's iron clad right? Flawless right?

You need people to pour more money into Bitcoin for you to make money , like a pyramid scheme, the earliest in make all the money. Bitcoin are the tube sites of the financial world.

Another personal attack, that's all you got :1orglaugh man this thread is toxic. I was hoping to learn something here but it seems it's all personal for some reason very odd.

So why was barry the affiliate rep just looking to change his name last month and not back in 2015?

Who cares? Nobody but you. Jesus Christ you Bitcoin/crypto currency people go fucking nuts when challenged! :1orglaugh:1orglaugh just like tube owners used to do against content producers who spoke out against tubes :1orglaugh:1orglaugh

It's like telling the Jehovah's Witnesses knocking on your door that there is no god.

You get the same blast of illogic but without the arrogant attitudes.

Not me dude! I'm with you 100% on bitcoin. I'm just wondering why barry just asked now to change his name and not back in 2015 when they axed him.