Do you consider Bitcoin's slow transaction speeds as a Major issue?

[Snarkhund]

Been dumping my eth and eth defi tokens to btc since yesterday. Hit my limit of daily 2 btc withdrawal on Binance last night

This morning, had to pay ridiculous eth gas fees (over 500 gwei) to transfer eth and usdt (via bridge) to binance smart chain, but once they are on the bsc, what a joy to use cakeswap to trade in increments of 2 eth or 2K USDT to btcb (bep-20), i did over 30 transactions and using the bridge, the btcb can be transferred to local bitcoin wallet (becomes real btc at this point)

So, tonight I'm going through the same exercise and ethereum gas fees are still ridiculously high (over 400 gwei), i only have another 30 eth left to dump to btc, don't know how others are dealing with this Ethereum network congestion mess, especially the big defi projects on ethereum

Been dumping my eth and eth defi tokens to btc since yesterday. Hit my limit of daily 2 btc withdrawal on Binance last night

This morning, had to pay ridiculous eth gas fees (over 500 gwei) to transfer eth and usdt (via bridge) to binance smart chain, but once they are on the bsc, what a joy to use cakeswap to trade in increments of 2 eth or 2K USDT to btcb (bep-20), i did over 30 transactions and using the bridge, the btcb can be transferred to local bitcoin wallet (becomes real btc at this point)

So, tonight I'm going through the same exercise and ethereum gas fees are still ridiculously high (over 400 gwei), i only have another 30 eth left to dump to btc, don't know how others are dealing with this Ethereum network congestion mess, especially the big defi projects on ethereum

I've picked up some BnB, just for the discount on commissions on Binance if you pay in BnB.

Waiting until 3:00 AM Sunday night/Monday morning to transact ETH is just pissing me off. I literally bought BTC at $49k likely qualifying me as the biggest piker on ET lol.

If I lose I will dutifully post it so you all can live vicariously through my financial destruction.

 

[johnarb]

I've picked up some BnB, just for the discount on commissions on Binance if you pay in BnB.

Waiting until 3:00 AM Sunday night/Monday morning to transact ETH is just pissing me off. I literally bought BTC at $49k likely qualifying me as the biggest piker on ET lol.

If I lose I will dutifully post it so you all can live vicariously through my financial destruction.

been acquiring btc since yesterday at prices higher than $50K, lol, granted value is coming from eth and other eth cryptos

It's all good, btc will be higher than $100K within 6 months...

 

[NoahA]

I literally bought BTC at $49k likely qualifying me as the biggest piker on ET lol.

If you want to be the biggest piker, don't forget to average in as it drops some more!

But seriously, its probably not a bad strategy. There probably has to be something very severe happen for it to go much lower and stay lower. Most will say these drops are buying opportunities.

 

[guowei58]

I really do think that for the establishment, this is an excellent opportunity in order to get it right for when the government coin is issued. When that is ready to go, I'm sure there will be restrictions placed on what you can do with a Bitcoin. I highly doubt they will allow Tesla cars to be purchased with BTC when the government coin is ready. But for the time being, why not use it as a learning lesson. Lets the kinks be worked out with BTC. The last thing the government needs is to fuck up one more new thing they create. But when that coin is ready, it will be clear they will need to come down hard on an competing currency.

Strict Know-Your-Customer/money laundering provisions would probably affect bitcoin usage a lot...would make sense for governments to bring cryptocurrencies up to the same standards as fiat currencies? Does anyone know how this would work?

 

[orbit23]

Strict Know-Your-Customer/money laundering provisions would probably affect bitcoin usage a lot...would make sense for governments to bring cryptocurrencies up to the same standards as fiat currencies? Does anyone know how this would work?

This is already being enforced.

Just the other day i wanted to buy something through Bitpay with Bitcoin and i noticed that registration and verification is required for purchase.

I'm pretty sure this is fairly new.