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go1dfish ago

If @puttitout will take any other crypto in addition to bitcoin you can use shapeshift.io to send whatever crypto with minimal fees.

Bitcoin fees are ridiculous right now though.

UlyssesEMcGill ago

Are they (((fees))) or just high fees because of risk?

go1dfish ago

Fees as a result of a 1MB block limit originally added by Satoshi to combat spam, but generally regarded to be a temporary stopgap that would eventually be raised.

This limits the bitcoin transaction network to about 3 transactions per second, and a fee market determines which transactions happen first.

Some people believe Jihan Wu https://twitter.com/JihanWu is taking advantage of a vulnerability in the bitcoin proof of work model that allows ASIC miners to have outsized mining power, and thus gaining a significant portion of the fee market, and hashing power that ultimately leads to protocol control and the ability to successfully fork the protocol.