02-06-2022, 07:48 AM
(02-04-2022, 09:11 AM)beta-user Wrote:(02-04-2022, 07:10 AM)biketool Wrote: Amazon and Ebay were both supposed to start accepting BTC this year
That's pretty cool! But doesn't bitcoin have huge transaction fees?
Not really as far as I know, maybe a few cents or less I think, I have never sent or received bitcoin except as a way to arbitrage other 'coins' but it was never noticeable, not sure if BTC has options for urgency of transfer with different rates like XMR has(I have only ever used the cheap option).
I think there are coins which have 'gas fees' which I think might go to devs, miners, node operators, or stakers; not sure, I think etherium among those with outrageous 'gas fees' decided by the developer and operators but there are only a few useful coins in my opinion and I would not use one which did that.
I think XMR-Monero is among the most cyberpunk of all, a good established code base, privacy by design, easy seed words wallet recovery, variable priority pricing for transfer speed, and was designed to fix the perceived problems with bitcoin. Bitcoin is useful because it is the most accepted coin, is easy to buy and sell, you can open all of the private one-shot throw-away wallets you like for transferring easy to buy BTC to your favorite coin, and while I mostly dislike an open ledger blockchain with NO privacy it is useful for proving ownership of your wallet for collateral purposes. Atomic swap will make hopping between 'coins' easier and is now in beta testing.