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Message
re: Bitstamp Halts Withdrawls
Posted on 2/13/14 at 9:28 am to WikiTiger
Posted on 2/13/14 at 9:28 am to WikiTiger
quote:
So, a merchant can use bitcoin as a transaction network for much cheaper than the traditional transaction networks (Visa, MC, PayPal, cash, etc.)
Much cheaper because of the low volume.... Or what data do you have to suggest that the bitcoin network could handle the amount of transactions Mastercard deals with "daily" for less.
This post was edited on 2/13/14 at 9:28 am
1
Posted on 2/13/14 at 9:34 am to JayDeerTay84
quote:
Much cheaper because of the low volume.... Or what data do you have to suggest that the bitcoin network could handle the amount of transactions Mastercard deals with "daily" for less.
https://en.bitcoin.it/wiki/Scalability
The network can scale up. Whether or not transaction fees stay low or free is a function of the market. We'll just have to see what happens, won't we?
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