The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (2687)	6/30/2019 4:50:21 PM
From: Maurice Winn	Read Replies (1) of 13798

Ridiculously high costs: Bitcoin transaction fees have declined from a high of $55 per transaction down to $1.92 recently as "mining" is no longer profitable so millions of surplus bitcoin computers take what ever work they can. $1.92 transaction cost, and a delay, is absurdly high for a 10c purchase or 1c purchase which is what needs to be enabled. Credit card charges are absurdly high too. Merchants could discount their products if they didn't have to cover the extorquerationate credit card fees and bad debts [card not present fraud was a significant cost to our little business - police would take no interest even when all the evidence including passports and the individuals could be handed over to them = they were too busy having cups of tea and harassing people over trivia and victimless "crimes". ] Mqurice

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