Outrageous Fees Will Destroy Bitcoin

[jjgold]

Blockchain to Poly via Bitcoin

$40 for every $70 sent???????????????????????????????????? ???????????????????

[stackz125]

JJ get out of this industry fast!

[bonusguy]

sent a book $300 last night. coinbase charged me $17

wtf

if i send ** then the book would pick up the fees

[Chi_archie]

crazy

[themike78]

So many better ways to fund books than bitcoin. Bitcoin was great for like 6 months. Money transfer much cheaper and faster. There really is no reason to use it anymore.

[Waterstpub87]

Ether son. Ether is sweet. Less than a dollar fee, confirms in under 10 minutes.

[Bluehorseshoe]

Bitcoin cash.

Let’s face it, Bitcoin Cash has almost negligible transaction fees, while Bitcoin’s is material and that’s before considering block sizes and of course, transaction speeds.

Bitcoin transaction speeds alone make it an unviable alternative to fiat currency.

While there’s plenty of talk of regulation and the shutting down of exchanges, with BCC Token holders the latest victim of regulatory oversight, an alternative to fiat money will come in some shape or form and Bitcoin Cash may become the market’s choice and the decision may come sooner rather than later, with the market’s hand being forced by events through the first half of the week.



A Bitcoin Cash move through to $2,000 levels would certainly cement Bitcoin Cash’s position over the near-term as a Bitcoin’s main rival, with Litecoin on the ropes

[daneblazer]

You wonder how many of these alt coins are run out of some Asians garage

[stevek173]

sharp

[firedawg]

Funny I read this awhile ago

dip shits

https://www.sportsbookreview.com/forum/players-talk/3443795-s-getting-really-hard-deposit-sportsbooks.html#post27432669

[mrpapageorgio]

sent a book $300 last night. coinbase charged me $17

wtf

if i send ** then the book would pick up the fees

No fee had you sent through GDAX.

[The Kraken]

Lightning network?

[cankid]

Crappy experience, crappy fees

[jjgold]

cannot trade it any longer with Blockchain

[grease lightnin]

Why have fees gone up?

[xKMACKx]

That's the point of the lightning network.

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[thewitchinghour]

what is the best way to get money off of a poker site using bitcoin? I have blockchain and coinbase... Any other options better for fees etc?

[jjgold]

It seems few drastically change throughout day


I tried this Am and way cheaper

[Hugh Madbrough]

BlockChain fees are outrageous compared to Coinbase the most, coinbase has charged me was $4. Meanwhile the minimum on BlockChain is $8 for small sums, I'm talking like $10-20.

[hubie69]

Great article on bitcoin eating itself. Essentially as the fee's grow it makes it implausible for people to spend the money in their wallet as the fee's eclipse the amount in these wallets, making them essentially worthless. The price of bitcoin plus the escalating fee's makes it improbable the owners of said wallets will purchase more to rise above that level.

https://medium.com/@dgenr8/bitcoin-is-eating-itself-bda69493c938

[convick]

sent a book $300 last night. coinbase charged me $17

wtf

if i send ** then the book would pick up the fees

Gram? Some of us have been blacklisted for years. Garbage. At least that's what these books said years ago when I last tried p2p.

[JIBBBY]

Fees turned me off bitcoin... They get you with those fees at every turn when moving bitcoin money..



Use a creditt caard...

[hubie69]

[grease lightnin]

So you guys say load with a card, what about withdrawals???

Check small enough to cash?

[JIBBBY]

So you guys say load with a card, what about withdrawals???

Check small enough to cash?

Bitcoin is still good for payouts... That's about it...

[Ratpack]

yeah if you cashout with cc takes a month f that at least with bitcoin its only a couple of days and its 17 if you want it within the hour send it in the morning and get it by end of day it only costs like 8 bucks

[Optional]

BlockChain fees are outrageous compared to Coinbase the most, coinbase has charged me was $4. Meanwhile the minimum on BlockChain is $8 for small sums, I'm talking like $10-20.

Neither Blockchain.info or Coinbase charge miner fees. That is part of the network and would be the same no matter which wallet you use to send.

BTW, YOU set your own fees with the blockchain.info/wallet, so yell at yourself about spending $8 if you really didnt want to offer that much to the miner

[Optional]

what is the best way to get money off of a poker site using bitcoin? I have blockchain and coinbase... Any other options better for fees etc?

Not really, that will be about the cheapest way to cash out.

[jjgold]

I will be doing transfers in the early morning it seems like the best and cheapest time

[Dan Kelly]

I am still waiting - over 2 weeks now - for the transaction I sent to Nitrogen of my BtP winnings to go through. Fortunately, it's just play money, but if you can't transact business with Bitcoin it should go to nearly worthless. The value of Bitcoin will go to the point where the transaction fees are reasonable, so, e.g., if the current transaction fee for Bitcoin is about ten times what it should be, then the value of Bitcoin will go down to $1000. As good as any other theory.

Best of Luck

[Hugh Madbrough]

Neither Blockchain.info or Coinbase charge miner fees. That is part of the network and would be the same no matter which wallet you use to send.

BTW, YOU set your own fees with the blockchain.info/wallet, so yell at yourself about spending $8 if you really didnt want to offer that much to the miner

I didn't know you could set up your own fees. I'm new to this. I've even reached out to ask you on the poker tables and messages but you're oh so busy. But like JJ says the cheapest price is usually early in the morning.

[mrpapageorgio]

I didn't know you could set up your own fees. I'm new to this. I've even reached out to ask you on the poker tables and messages but you're oh so busy. But like JJ says the cheapest price is usually early in the morning.

In the Blockchain app, when you send, tap the fee box and it gives you an option where you can select how many satoshis/byte you want to include as a fee. However, be careful if you don't know what you're doing as you can either overpay or send too little and have your transaction stuck.

[Optional]

I didn't know you could set up your own fees. I'm new to this. I've even reached out to ask you on the poker tables and messages but you're oh so busy. But like JJ says the cheapest price is usually early in the morning.

Well sorry if I have missed that. I do tend to be working when playing poker so often dont read the chat :\ I answer all my PMs though (eventually)

Most people making a complaint like yours are complaining of the opposite usually. Coinbase costing too much.

Blockchain.info have zero fees for anything. But next time you send look under the tx box for the fees slider. They have a low,normal, priority setting there for he miner fees. But honestly, unless this was months ago, 8 bucks is rather cheap for a miner fee anyway, dont try to make them too low or you will end up waiting days.

The biggest reason you see differences in miner fees is the network demand at the moment you send, it's not the actual wallet... although in Coinbase's case, you have no choice, they select the optimum miner fee, which is often higher than some people would choose themselves. They do this to ensure timely confirmation of all transfers sent out.

[Optional]

I am still waiting - over 2 weeks now - for the transaction I sent to Nitrogen of my BtP winnings to go through. Fortunately, it's just play money, but if you can't transact business with Bitcoin it should go to nearly worthless. The value of Bitcoin will go to the point where the transaction fees are reasonable, so, e.g., if the current transaction fee for Bitcoin is about ten times what it should be, then the value of Bitcoin will go down to $1000. As good as any other theory.

Best of Luck

This doesn't sound right Dan.

Do you have the TX id and know how to check it really is just hanging?

[BrickJames]

Cradit cerds work just fine