I keep tiny amounts (~15-20 USD) of #Bitcoin
on my phone.
I now literally can't send them anywhere.
The transaction fee is greater than the funds in the wallet.
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Replying to @generativist
BitCoin is an awful currency. It's a great store of value (for now), but it's failing completely as a medium of exchange
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Replying to @MattyPGood
Perhaps. But, there was a sizable population of people using it for transactions, especially outside of WEIRD (i.e. Western, educated, and from industrialized, rich, and democratic countries) countries. They're getting squeezed out right now.
2 replies 0 retweets 1 like
Er, not perhaps -- you mentioned what I said. I just want to reiterate that one of the good effects is already being smothered by speculators.
12:23 PM - 13 Dec 2017
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1 like
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