How can Micro-Payments work on BTC with mining fees?
cryptocurrency·@psyance·
0.000 HBDHow can Micro-Payments work on BTC with mining fees?
Hi there! I'm new to BTC and have a question that I'm hoping has an obvious overlooked answer. A big benefit to BTC is that we can make crazy small payments (down to the penny's), but from what I can tell, there's a $2-3 mining fee for every transaction. For cryptocurrencies to really take off, shouldn't this transaction fee have to at least rival that of a CC fee of 3%? I mean, it's not worth it for day-to-day purchases otherwise. Please help me understand what I'm missing. How can I use my phone to transfer $2.50 worth of BTC to buy a coffee to my local coffee shop without incurring crazy fees to do so? Thanks in advance! .: Psyance
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