RE:RE:RE:Insolvent by October?Thank you very much for your respone, it was well written and greatly appreciated!
In regards to Bitcoin, I used to own it, and then I sold it after I ran into a whole bunch of problems with it. One thing that did not make any sense to me was the cost of the transaction fees. On one transaction (this was around February of 2021), I was charged over $80 USD. I would say of all of that Bitcoin transactions that I made, the average cost was a little over $30 USD.
I have also read that the transfer fees will go up over time because that is how miners are going to get paid, and if more people transact with it, the price will increase. Do you think Bitcoin has any chance of being used as a currency with such high rates? If not, what do think it will be used for (in other words, why would it have any value at all?)
Any input on this would be greatly appreciated.