I begrudgingly hold BTC, waiting for the halving in 38 days when all my coins double.
At least Monero (which is actually private like cash - sender, receiver, and amount aren’t known to anyone viewing the blockchain) has a valuable function.
I can’t wait to see companies like Visa and Mastercard become obsolete. I think it will really help out my aunt’s family business by cutting crazy high transaction fees she has to pay as a vendor.
That’s layer 1. Read up on layer 2 options. Lightning Network is the best current example, but there are others and will be more. That’s where most of the innovation is happening now. The media never talks about it because it’s necessarily more technical and they think their readers/viewers are all idiots, so why bother.
Monero (which is actually private like cash - sender, receiver, and amount aren’t known to anyone viewing the blockchain) has transaction fees of a penny or two. It works by mixing every real transaction with 16 decoy transactions. Currently there are supposedly ways to track a small percentage of transactions but it’s so secretive that only approved western government organizations are allowed access, but it doesn’t work well and it only gives a statistical probability. And it’s one of the wider used currencies current at $145 per coin.
The government hates not being able to track you.
Also BTC fees do suck but they vary. Most days they’re around $1-$1.50 which isn’t that far off from the $.50 charged (to businesses) by credit card processors.
So… same as fiat then, ey?
I begrudgingly hold BTC, waiting for the halving in 38 days when all my coins double.
At least Monero (which is actually private like cash - sender, receiver, and amount aren’t known to anyone viewing the blockchain) has a valuable function.
I can’t wait to see companies like Visa and Mastercard become obsolete. I think it will really help out my aunt’s family business by cutting crazy high transaction fees she has to pay as a vendor.
but, like, bitcoin has high (and variable) transaction fees.
That’s layer 1. Read up on layer 2 options. Lightning Network is the best current example, but there are others and will be more. That’s where most of the innovation is happening now. The media never talks about it because it’s necessarily more technical and they think their readers/viewers are all idiots, so why bother.
Monero (which is actually private like cash - sender, receiver, and amount aren’t known to anyone viewing the blockchain) has transaction fees of a penny or two. It works by mixing every real transaction with 16 decoy transactions. Currently there are supposedly ways to track a small percentage of transactions but it’s so secretive that only approved western government organizations are allowed access, but it doesn’t work well and it only gives a statistical probability. And it’s one of the wider used currencies current at $145 per coin.
The government hates not being able to track you.
Also BTC fees do suck but they vary. Most days they’re around $1-$1.50 which isn’t that far off from the $.50 charged (to businesses) by credit card processors.