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Comment by monochromatic | Hacker News Reader

Nothing better than paying a $20 transaction fee and waiting an hour. When will credit cards embrace the blockchain benefits?

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The BTC mempool is clearing 10sat/byte easily and confirming 5sat/byte over time - and falling.

https://dedi.jochen-hoenicke.de/queue/#24h

If you're going to use insults, keep them up to date, at least.

It doesn't really matter how it's NOW, the fact that it can become congested very quickly and go to $20 in fees and hours or days for 3 confirmations, it's way more concerning from a business stand point than any other benefit blockchains can have. ...and i'm not including Ripple, as it's not a proper blockchain.

Just because bitcoin is a bit shit in terms of scalability doesn't mean others are as bad

And technologies such as the lightning network should help as well to ease congestion assuming it gets adopted by merchants

Are you repeating something you think will get votes or have you actually checked the mempool recently?

Doesn't matter. Who guarantees that it will stay that way? Bitcoin just needs to go up or down a little and we are back to hour long confirmation times.

Is it really a problem to wait an hour or two for renting a place?

Yes.

Yes, if two people are trying to rent the same place at approximately the same time. I don't want to wait two hours to find out that someone attempted to complete a transaction five minutes before I did, and their payment went through first.

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