04-21-2021, 08:47 PM
The fees are attrocious. $58.44 to move any value in Bitcoin? Is this a joke?
<!-- SC_OFF --><div class="md"><p>The Bitcoin network fees are absolutely ridiculous at this point, and devs are sucking their thumbs not realizing this could very well kill the asset. Why do y'all think we have over 4000 thousand different cryptoassets? It's because neither of them are solving the very simple problem of being fast and cheap to use (which are two of the very fundamental things a CURRENCY needs to be). Add to that Coinbase fees, conversion fees, selling fees, fees for breathing... This is not how crypto should be. <a href="https://ycharts.com/indicators/bitcoin_average_transaction_fee#:%7E:text=Bitcoin%20Average%20Transaction%20Fee%20is,K%25%20from%20one%20year%20ago">$60 to move my bitcoin is absurd</a>, and $31 to move Ethereum is breathtaking. I can transfer money from bank to bank with ZERO USD in fees.. It’s ridiculous and it will start to take notice It’s slowing down usage, which slows down adoption and it's frustrating the hell out of people, myself included.</p> <p>This needs a fix. ASAP.</p> <p>​</p> <p>EDIT: the shit-coin shilling in comments is pretty cringe.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Harucifer"> /u/Harucifer </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvekwy/the_fees_are_attrocious_5844_to_move_any_value_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvekwy/the_fees_are_attrocious_5844_to_move_any_value_in/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The Bitcoin network fees are absolutely ridiculous at this point, and devs are sucking their thumbs not realizing this could very well kill the asset. Why do y'all think we have over 4000 thousand different cryptoassets? It's because neither of them are solving the very simple problem of being fast and cheap to use (which are two of the very fundamental things a CURRENCY needs to be). Add to that Coinbase fees, conversion fees, selling fees, fees for breathing... This is not how crypto should be. <a href="https://ycharts.com/indicators/bitcoin_average_transaction_fee#:%7E:text=Bitcoin%20Average%20Transaction%20Fee%20is,K%25%20from%20one%20year%20ago">$60 to move my bitcoin is absurd</a>, and $31 to move Ethereum is breathtaking. I can transfer money from bank to bank with ZERO USD in fees.. It’s ridiculous and it will start to take notice It’s slowing down usage, which slows down adoption and it's frustrating the hell out of people, myself included.</p> <p>This needs a fix. ASAP.</p> <p>​</p> <p>EDIT: the shit-coin shilling in comments is pretty cringe.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Harucifer"> /u/Harucifer </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvekwy/the_fees_are_attrocious_5844_to_move_any_value_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvekwy/the_fees_are_attrocious_5844_to_move_any_value_in/">[comments]</a></span>Kind Regards R