All else being equal, centralized payment systems that require trust will be more efficient and thus cheaper than public permissionless systems. If you need cheap censorship resistance the best option at the moment is less popular cryptocurrencies such as litecoin, but they're unlikely to remain cheap forever. Long term the solution will be to use second layer solutions such as Lightning Network.
On Mon, Jul 17, 2017 at 12:02 PM, Kunal Ransing <kunalrans...@gmail.com> wrote: > Thanks for reply. > > I am thinking Bitcoin is alternate to "card industry" which charges more( > + has many restrictions). And also performing small transaction using card > is costly. > But seems for small transaction "credit/debit card" are suitable. > What do you suggest ? > > Regards, > Kunal > > On Monday, 17 July 2017 21:20:06 UTC+5:30, Jameson Lopp wrote: >> >> Bitcoin block space is in high demand these days; if you're trying to >> send amounts less than 0.005 BTC (assuming only 1 input) then it probably >> won't make economic sense to do so. >> >> On Mon, Jul 17, 2017 at 11:46 AM, Kunal Ransing <kunalr...@gmail.com> >> wrote: >> >>> Hi, >>> >>> I performed test 0.000814 BTC (100 RUB) transaction for that I charged >>> for 0.0001135 BTC (13.91 RUB). >>> As compared 'Credit Card' its charging more. So what settings suggested >>> for small transaction ? >>> >>> Please check below log for above tx: >>> 7341db6a0dd8d1c52bc1e67af0c739aadb14faf97727d4fcaa7bde679daecf13 >>> updated: 2017-07-17T15:31:17Z >>> in PUSHDATA(72)[3045022100a8c6088f0ced20057d51407137fee3893d3ab >>> 5e1d25d8332818981c6553fc40402206889e655ec2136ac85de489bb68a2 >>> 0d71a99e4626843efc764be2a2b5e256e7901] PUSHDATA(33)[0376442ba286c38ce >>> 3a21ae35b55b13a9e8dfec9bd16ff404fa87eb278946cf650] 0.000814 BTC >>> >>> outpoint:11599183f6b21c460020206f1b0cb0b5a434aefa298b02adcf1b0b39b3159e5a:0 >>> hash160:4e64116774b4244a77152b0ab731f6ea14736376 >>> out DUP HASH160 PUSHDATA(20)[bd7da108957876a270189976d30b1dc0ead9de3d] >>> EQUALVERIFY CHECKSIG 0.0006528 BTC >>> out DUP HASH160 PUSHDATA(20)[c93986dea4a73221fb59dd8865b39eb187962cb7] >>> EQUALVERIFY CHECKSIG 0.0000477 BTC >>> fee 0.00050221 BTC/kB, 0.0001135 BTC for 226 bytes >>> prps USER_PAYMENT >>> >>> -- >>> You received this message because you are subscribed to the Google >>> Groups "bitcoinj" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to bitcoinj+u...@googlegroups.com. >>> For more options, visit https://groups.google.com/d/optout. >>> >> >> -- > You received this message because you are subscribed to the Google Groups > "bitcoinj" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to bitcoinj+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "bitcoinj" group. To unsubscribe from this group and stop receiving emails from it, send an email to bitcoinj+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
