you are viewing a single comment's thread.

view the rest of the comments →

[–]magnora7 6 insightful - 4 fun6 insightful - 3 fun7 insightful - 4 fun -  (4 children)

Bitcoin transactions cost about $4.

XRP transactions cost about $0.0001 each.

There are better options, the only question is why more people aren't using them? Especially online retailers, cryptocurrency payment purchasing options need to become mainstream and fast

[–]whistlepig 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

Fuck ripple. There are plenty of real crypto currencies that don't have inflated fees like the current Bitcoin. Like most of them. Bitcoin Cash, Litecoin, zcash, monero, etc etc etc etc.

[–]magnora7 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (2 children)

They dropped the "ripple" name btw, it's just xrp now.

Xrp does have the lowest fees of any coin, and it has proven those low fees scale to large volumes. So while I'm not happy it's the banker's coin, it does actually have some of the best transaction low-cost functionality of any of the popular coins. https://bitinfocharts.com/comparison/transactionfees-btc-eth-bch-ltc-xrp.html#log

[–]whistlepig 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

there aren't many things we disagree on, but they do come up on occasion ;]

[–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Is there any chance it could be a trap in some way?

Perhaps it could all go down suddenly one day - or - could it be the slow boil like YouTube trapping the attention of the masses?

I lost $36 of Bitcoin in October 2013 (@ $125.49 USD / BTC) when they shut down the Silk Road. It was shy of enough for a gram of ketamine, so I likely would have spent it then if the FBI hadn't stepped in to hold it for safe keeping. As you know, I've had some BTC since the Corbett Report Bitcoin giveaway (at least after 2016), so if I got some since then it would just accrue. I'd never noticed before, but looking at 2013 Bitcoin prices, it spiked up from November 2013 (@ $198.51 USD / BTC) to December 2013 (@ $946.92 USD / BTC) likely when the FBI cashed in. Today it says it's $ 19,293.09 USD / BTC - and climbing. My $36 the US government stole should be worth at least 100 times that. I'd settle for payment in ketamine and/or other recreations. If you're watching spooks, it's a cheap efficient way to shut me up.

Maybe I should find a way to invest some next dip.