107 karma · joined April 14, 2017
The transaction fee thing is a problem many people, in particular new users notice, and it's on the forefront of issues being solved by the community right now. In regards to your comments on 30 cent transaction costs, from what I understand, they are indeed on the path to this. If you are interested in seeing what this will look/feel like, buy a small amount of LTC, and send it to another wallet. I had many of the same issues you had with Bitcoin a few months ago, but as soon as I gave LTC a go I was blown away. This, for all intents and purposes, is what the BTC Core team intends to bring to Bitcoin. To give you an idea, transactions cost 2c on the LTC network, with a max time to completion of 2.5 minutes. When you first experience this, it's a great feeling.
Coinbase is always gonna be tricky, their transaction costs for buying BTC are, to put it bluntly, fucking horrendous.
In regards to your comments on not having to pay the fee, there are some wallets that allow you to pick the priority of your transaction, one that springs to mind is IndieSquare Wallet. Bear in mind this will affect the way your transaction goes through, speed wise.
Hope I actually answered your questions on this, sorry for my intial comment. If you have any more q's, just holla. I can either answer them, or get someone with more knowledge than I to answer them.
However, in the interest of getting you to fall in love with Crypto, please, buy a small amount of LTC, transfer it, pay the fractional charges and be blown away. If you aren't impressed by it, I will be surprised.
And you know man, I do understand that first problem, I actually went around my local city talking to business owners about their lack of understanding/knowledge of Bitcoin a while ago and tbh it struck me entirely as a communication/uptake problem. You are right though, I did come off obnoxious and you're also right in saying that it's not the right way to go about it.
Cheers for the reality check.
Number 2, writing off an asset, and furthermore, an entire asset class based on one instance of a transaction fee (a problem that is being actively worked on, might I add) is lazy and dangerous, to conflate this to "it is clearly inferior to US Dollars in every way. Bitcoin is a scam, block chain is all hype, and everyone involved with Cryptomania is going to look silly when the music stops and someone has to eat the soggy biscuit" is ridiculous and you haven't made any decent points. Your entire argument is based on conjecture and no technical information.
Do yourself a favour next time you decide to shoot Bitcoin and Crytpocurrency down, ask yourself if you've actually done due diligence on your opinion, or if you've settled for the lazy option.
PS: If you are that disgruntled, you're welcome to submit PRs.
And yeah you got it spot on! I know that for my Dad in particular, he always said to me whenever I mentioned scaling the business up and taking on more guys that whilst it would be nice, it would likely mean more of a managerial position, keeping an eye on projects and that. He said he runs his own business to avoid being at the grindstone 24/7, he was always able to come and see school sports and participate in that sort of stuff. I always found it pretty self-controlled tbh, knowing that he could have scaled it up, but knowing the game would change if he did.
TL;DR
Most small businesses owners are far better rational decision makers than you think, because most of the time, the aim of the game is not a unicorn, it's support of the family.
Honestly, this right here, is probably indicative of a lot if true. Nothing says "effective engineering culture" like custom building parts for your innovative-unicorn-10x-juicer when you can get cloned Arduino parts from China. Wankery of the highest order.