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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%4:00 PM EST

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To: Elroy Jetson who wrote (136941)12/1/2017 5:52:30 PM
From: Maurice Winn  Read Replies (1) of 217563
 
That can't possibly be the transaction cost. Don't confuse the mining cost with the transaction cost.

Giving 1 bitcoin to somebody else doesn't cost the receiver and sender 7% to 20%. But I have not checked the actual cost for a few years.

At the initial appearance of bitcoin I was excited as it was comparable to my plans. But after a short examination I decided it could not succeed due to energy cost and inefficiency. A bad design does not win in the long run


Though I admit to using english and imperial weights measures and £ s d for decades.

Sometimes ineffficient things have enough going for them to win for a long time in the absence of a better way.

Mqurice
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