Fuck you bitcoin

So despite not supporting other cryptos the majority of my time on the DNM's I think its officially time to step away from bitcoin, at least for the time being. Went to do a direct deal today with a vendor, realized my $250 purchase would end up costing me $315 or so with fees and would still take probably 24 hours to get to him.

As of this morning the lowest electrum fee was approx $32 to send coin.... and people reporting at the highest level still not having coin move 12-16 hours later.

Vendors are loving this surge but its creating a sellers market and backlogging the blockchain and fees are just crazy... Not to mention not knowing if your $250 will be worth $300 when it gets to the vendor or a random drop in BTC causing it to be less...

EDIT Definitely did not realize how many people are active in this sub. 7.7k views, Guess I am not the only one feeling the shift. Going to check out Libertas today and see what its like and encourage my vendors to accept Monero, I could give 2 shits about multisig I am DDin already, thank you all for any info you have given me, gonna take a lot of it into consideration, just hoping more people start actually moving, BTC needs to crash again before vendors will give a fuck because right now all the vendors holding coin just made more in a week then they probably did all year selling, and the ironic part is that if they want to cash out in case coin crashes again they will need to change cryptos or take straight money out....


Comments


[417 Points] AlpraCream:

Funny how we are probably the largest group of people that use bitcoin as an actual currency to make regular transactions, and now we can't even use it because people that were laughing at this shit five years ago are all over it now.


[234 Points] Lucky-sponges:

You would think everybody would be using Monero by now..


[38 Points] berryfarmer:

why the fuck would anyone use bitcoin over monero?


[31 Points] Furanyl:

Yes, the move to Monero is finally happening!


[32 Points] throwawayagainbiatch:

Liberatas uses monero. Best option now


[18 Points] weepysleepy:

I wish electrum would warn me with a big red box every time the chain gets like this. I paid hefty fee and still nothing after 7 plus hrs. If I had know it was this busy, I would have just waited, i just wanted to get something with my quick profits (before btc goes back down). Now I'm stressing. Wish I waited now.


[11 Points] None:

[deleted]


[12 Points] throwzawayy:

it's all going according to LEO's plan /s


[10 Points] kfaran:

Thank you guys for introducing me to monero


[11 Points] billenburger:

Why aren’t you guys using monero? I don’t play in the dnm but monero just Siemens like a logical choice? Privacy and more price stability than btc


[7 Points] FunkyJallday:

Yea out of 3 hundred i ended up with $257. thays after it-went up a little. Idk im with you all tho MONERO rise up amdtake over. We learm to use you. I mean after years i finally learned to pgp correctly. So I'm sure i can do this. I may be drug free till this time next year but ill get there. Bitcoin is gonna-lose its steam and people on?one end-or the-other is gonna get?it broke off-in them. Just sayin


[6 Points] hellfinger:

today i saw 15$ network fees to buy 50$ in btc

FUCK BTC


[6 Points] GirlsDontLikeIce:

That works if your vendor accepts alternatives.


[5 Points] Twaxd:

My vendor got a $100 tip since Bitcoin went up lol.


[5 Points] Pfleger2017:

And that is exactly the problem. Bitcoin got so big because we used it.

Now we step back from bitcoin ( because it is not usable anymore -> Fees and privacy) and using other currencys like monero.

I really wonder why it is still rising that much.

I have serious concerns right now that berny sanders maybe was right.


[4 Points] Medacali:

Soon there will be a war..and it will be USA vs BTC.


[4 Points] 978675645342:

So this is on Fox and the dickhead reporter didn't blur ur (OP's) username. Just a heads up. I'm too high to look it up but it came up on my blickfolio news feed. It's some shitty local Fox and titled "even drug dealers are tired of bitcoin" or some shit.


[2 Points] None:

[deleted]


[1 Points] igotdatgudgud:

Always check the mempool before making a tx for the time being or use a different way to pay.


[1 Points] None:

[deleted]


[1 Points] ikozehh:

My fees have always been a few £ max whether that's depositing to dream which only takes a couple hours to show up at latest or whether I'm doing a DD on wickr


[1 Points] xmronadaily:

What's your experience with Monero?


[1 Points] Jabulon:

How can a currency be against itself being used alot


[-2 Points] Fount4inhead:

Bitcoin Cash or Dash, fraction of a cent fees instant transactions.


[0 Points] Scotty_Gun:

LBC costs me about 8%. Recent BC transaction fees have cost me an additional 10%, for finalizations within 1 HR. I guess I've been lucky. It seems 18-20% is the cost of doing business. It's the price of freedom. I happily accept it. On the other hand, in the last 4 days, my modest BC balance has increased in value by 30%. Those capital gains have made me whole...hypothetically.


[-1 Points] DylanKid:

Bitcoin Cash is a better alternative, $0.001 fees


[-1 Points] CryptoBanker93:

Electrum is a very flawed wallet, they don't really let you customize fees. I'm not sure why anyone has even kept using since fees started going haywire


[-1 Points] TokeyLokey:

Hey goofies, get out your houses and find a dealer. This is not the right time to use online market places. C r a i g s l i s t has plenty, i have found a guy faster on C list than i have asking friends for a plug.


[-1 Points] None:

[deleted]


[-3 Points] DNrick_sanchez:

yea gotta wait for mempool to lower there is aspam attack being done to clog the networrk its basically a DOOS in a sense but thespammers cansoon run out of money paying tx fees so it wont last


[-1 Points] thrwA-way:

IOTA FTW


[-2 Points] Poppintarts2145:

Bitcoin cash


[-4 Points] BiggieGames:

iota's the way to go


[-2 Points] BotchedBenzos:

LiteCoin should really be used for transactions


[-8 Points] attilathehunn:

Altcoin fees are low because nobody uses them. If another altcoin became widely used it would also end up with high fees (or become centralized).

The only way you're being asked to pay $315 in fees is because you have lots of UTXOs you're combined together.

LN can't come soon enough.


[-6 Points] ThatBitcoinGuyy:

Man you guys should be the most hype on bitcoin. Bitcoin should be making all of you a ton of money. You guys ain't doing it right.


[-12 Points] merczolo:

Haha pussy