I've used BTC for *actual* transactions over the past two years. At the current transaction rate, I can't. The transaction fee is, like, 60% of the transaction. Lightning or not, if the stampede starts soon... (Oh, and P.S. Coinbase and Kracken are both having issues...)
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Replying to @generativist
Oh wow the transaction fees are a fraction of one BTC?
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Replying to @particleist
They are variable and market determined. Basically, the way it works is that only so many transactions can get processed per block. And, to make sure yours is one, you add an implicit fee. Right now, you need like USD 14$ to get yours processed.
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Replying to @generativist @particleist
Lots of hand-waves possible. But, that's definitely a problem.
9:02 AM - 13 Dec 2017
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