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Maybe if the community can fix the Bitcoin mining fee problem it will work. But if they can't get the mining fee down to like 30 cents per transaction like with square or stripe, the overwhelming majority of people aren't going to want to use it.

And to be specific, I used Coinbase to purchase my Bitcoin and then transferred it to an Electrum wallet and then to another wallet.

People have told me that you don't have to pay the $5 mining fee, but I did not see an option anywhere with those two wallets to avoid or substantially reduce the mining fee.




Eyo, sorry for the delay on this reply. I agree wholeheartedly with everything you said, and didn't mean to come off too aggressive with my first comment, even though I probably did. There is a lot of bullshit going around these days around Bitcoin and Crypto, and sometimes it can be pretty grinding to see "big media" out-and-out gunning it down without exposing their true intentions and who it is that they're backing with their comments. Either way, this isn't your fault. So I apologise for coming off aggro.

The transaction fee thing is a problem many people, in particular new users notice, and it's on the forefront of issues being solved by the community right now. In regards to your comments on 30 cent transaction costs, from what I understand, they are indeed on the path to this. If you are interested in seeing what this will look/feel like, buy a small amount of LTC, and send it to another wallet. I had many of the same issues you had with Bitcoin a few months ago, but as soon as I gave LTC a go I was blown away. This, for all intents and purposes, is what the BTC Core team intends to bring to Bitcoin. To give you an idea, transactions cost 2c on the LTC network, with a max time to completion of 2.5 minutes. When you first experience this, it's a great feeling.

Coinbase is always gonna be tricky, their transaction costs for buying BTC are, to put it bluntly, fucking horrendous.

In regards to your comments on not having to pay the fee, there are some wallets that allow you to pick the priority of your transaction, one that springs to mind is IndieSquare Wallet. Bear in mind this will affect the way your transaction goes through, speed wise.

Hope I actually answered your questions on this, sorry for my intial comment. If you have any more q's, just holla. I can either answer them, or get someone with more knowledge than I to answer them.

However, in the interest of getting you to fall in love with Crypto, please, buy a small amount of LTC, transfer it, pay the fractional charges and be blown away. If you aren't impressed by it, I will be surprised.


The community is working hard to fix these problems. You should realize however that alternative currencies charge far less, and a large reason for Bitcoins relative adoption is first movers advantage. With, say, Ethereum you'd be paying far less tx fees.

Also, how long would it take you to send money between the EU and USA? With Bitcoin it's pretty much instantly with only a flat $5-ish fee. Centralized options such as Paypal or Western Union are far inferior in this use case.




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