Sunday, 11 July 2021

Just sent 5k in BTC. Network fees were $0.21, and it took less than 24 hours for confirmation. What on earth are haters complaining about?

Let's contrast that with the 1k dollars I just had to bank wire to China. Cost me 40 dollars in fees, and the bank said it would take three days. Not to mention I had to have all this crazy information and numbers from the factory I was ordering from, I had to call my bank and spend like 30 minutes getting everything all set up. Vs. the 30 seconds it took to scan the QR code when I sent the BTC.

And this was on chain, using the world's most secure network with its proof of work verification system. This wasn't even using Lightning or something like that. Which don't get me wrong, that's a great service, and I fully expect that or something like it to make BTC viable for retail shopping transactions.

But seriously, what are the haters complaining about? Why would anyone possibly want to replace BTC with some new proof of stake system that's less secure? I just can't wrap my mind around that.

submitted by /u/thorosaurus
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