Tuesday, September 4, 2018

Bitcoin transactions have a high cost

"Bitcoin's Use in Commerce Keeps Falling Even as Volatility Eases

Bitcoin is a collapsing means of payment and thus is not a currency.
$70 million of transactions in a month and collapsing from a $270 million per month last year. That is pathetic. 

"The net cost of a Bitcoin transaction is far more than a credit card transaction." 

And Bitcoin-based transactions can’t be reversed, an issue when a merchant or a consumer comes up against fraud. A totally useless and thus not-used means of payments."



via twitter