Bitcoiner, suckered in by lies ^H^H^H^H questionably accurate marketing regarding fee structure, pays $6 transaction fee on $20 transfer.
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Replying to @patio11
"Wait why?" Because his transaction took 20kb to encode. "Why?" Boring technical reasons that you really don't care about.
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Replying to @patio11
"Is 20kb a lot?" Do you want me to give you the computer answer or the Bitcoin answer? The computer answer is "literally rounding error."
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Replying to @patio11
The Bitcoin answer is "Equivalent to asking for exclusive use of the entire global payments network for 12 seconds."
2 replies 6 retweets 14 likes -
Replying to @patio11
Oh I forgot to include the link to the bug report, such as it is:https://www.reddit.com/r/Bitcoin/comments/4x7zez/bitgo_just_charged_me_327_of_trx_value_in_network/ …
3 replies 2 retweets 8 likes -
Replying to @patio11
@reddit my god I thought you were exaggerating. Apologist overload here.pic.twitter.com/oCkeKIwwtj
2 replies 0 retweets 3 likes
"Oh god I thought you were exaggerating" may be one of the more common things said to me about my Bitcoin ranting.
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