Hacker News Reader

Until transaction fees start to rise due those people pushing their own agenda on the network.

Cost me a couple dollars last night to send 70 dollars in btc to a friend.

Last month it was 3 dollars and change. I'm thankful it was slightly more reasonable.

I might use an alt coin for awhile to save on fees.

3 dollars per payment seems extremely expensive - that's how much an inefficient international bank wire transfer costs, with the more reasonable bank-to-bank systems (including international e.g. in EU) costing a few cents.

That seems very expensive, I was expecting it to be practically free as I'd heard it was transforming the money-sending space??

How much does Paypal charge to send $70 to a friend, isn't it free?

It is super expensive, but this is more of an issue with bitcoin's design than the actual concept. Bitcoin is the first blockchain tech created, there are many others that have a much closer to zero cost of transaction, and will continue to do so.

It's kind of like saying the web in 1991 was expensive to use.

Reply on news.ycombinator.com