Quote:
Originally Posted by Reppin313
Why is it when I go to transfer my bitcoin from coinbase to electrum its costing me a 16$ network fee when I'm only trying to transfer 50$? Never seen the fee this ridiculously high any and all help appreciated
Quote:
Originally Posted by Texasraider
Honestly, Bitcoin is garbage. They should switch to a more efficient crypto. Litecoin, BCH, Dash.... **** almost all of them are faster, cheaper, and more reliable than Bitcoin.
Quote:
Originally Posted by Fold_
Anyone?
Yes, BTC is an absurd method of transacting for us. I made this argument loud and clear in this forum this past Feb/March when everyone was beginning to rave about it. Since then (and esp in the last ~2 months) the issues I highlighted have manifested so much worse.
Ludicrous network congestion is driving transaction fees and times far higher and longer than those of processing via CC (remember .. this was supposed to be one of BTCs
strengths against "conventional" transaction methods).
The volatility of BTC (which is essentially one single, whacky stock) is so out of control the value of your "withdrawal" could be worth 10-40%
less or
more in literally minutes. I think most successful poker players would agree that they are just looking to get their hard-earned profits
off the site without having to deal with more variance right outside the door.
Steam isn't accepting BTC payments anymore because of the headache essentially (fees, volatility). BTC simply no longer makes sense as a method of transacting peer to peer (in its current form). Mega investors and futures traders (the same folks who wrecked the world economy just a deacade ago) have taken BTC and turned it into something it was never meant to be - Hey, Surprise Surprise, those few folks with literally more money than they know what to do with win again. BTC is losing the practical properties and values that made it a good idea in the first place.
But don't ask or expect Ignition/Bov or any other site to stop using it. Whatever headaches come with BTC (for both Ignition and Players) are
far less worse for Ignition than the migraine of having to try to skirt US banking laws/mandates under the UIGEA of 2006.
BTC was a massive blessing for them and other legit (financially sound, non-scammy) sites. For them, the cost-benefit ratio of BTC vs traditional transactions will always favor BTC.
Players are on their own in this crazy BTC bubble - including myself .. I'm not here just blindly ranting for no reason.