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Who said fees don't matter...

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Avatar for alberdioni8406
Written by   828
1 month ago

Unfortunately in recent times in the cryptocurrency market there is a misperception that transaction fees don't matter much, so people adhere to very expensive blockchains. An example of this is the use of the eThereum network to make it appear that money is 'not an issue' for investors [users pay absurd fees just to interact with smart contracts or even with the mainnet] and thereby deceive those who see it from the outside.

This network alone, manages to charge above average fees, many representing monthly, annual or even never received salaries just paying to execute one and only transaction. And the most aggravating thing about all this is that often the investor/user ends up paying a lot, but the transaction ends up failing, that's right, he pays dearly and it can very well be canceled, fail or even dropped due to network congestion.

Imagine this scenario, the user wants to execute a transaction and his money ends up being consumed but the product he intended never gets to receive because the transaction failed, that is, he loses money and is still injured in return, the network never stay in the prejudice,

This is where currencies like Bitcoin Cash are by far superior!

Using Bitcoin Cash everyone gets what is rightfully theirs

It is an undeniable fact that Bitcoin Cash has a technology that does not harm the user by using its blockchain, and everyone who uses the cryptocurrency receives its value whenever they request it. It is truly decentralized digital money issued without human intervention and which prioritizes the freedom to use and choose a superior form of money.

It is the peer-to-peer electronic cash system that, in addition to freeing the world from the shackles of the state, can also be a viable, highly secure means of payment, it is accepted and used worldwide with merchants approving payment for their products and services using the coin. Not only that, transactions made on the Bitcoin Cash network are reliable, low-rate, secure and highly transparent.

historical fee transaction on Bitcoin Cash network

It is necessary to emphasize the transparency here, because, for example, when the user uses the eThereum network and the same fail, the user continues to be charged value just for the simple fact of having requested the transaction on the network, the same as saying:

  • 'sure you used our network but the transaction failed, but that doesn't mean you won't pay the cost of using the blockchain, making it look like just by using the blockchain you have to pay no matter if the purpose was achieved or not'.

...And I've seen this system and it's used by banks, where any action done on their premises has a cost to the customer, nothing is free.

That's why the Bitcoin Cash blockchain has superior technology here, as everything you want to run on the network is completely transparent. You run a transaction on the network and it runs accordingly and still pays absurdly low fees.

SmartBCH's market entry as a direct ETH competitor but at very different fees

The smartBCH is sure to revolutionize the entire Bitcoin Cash ecosystem and bring more investors into the world of decentralized finance than before, due to the high fees, which may not seem like it, but matter a lot at the end of the day. After all, it doesn't make sense to spend money just paying fees and just be a misery in the investor's pocket.

And not only that, the use of smartBCH will undoubtedly be a big step towards the effective use of decentralized personal finance, after all financial solutions can be built on it that allowed users to lend, borrow, swap and trade, just leaving their crypto as collateral without having to go through a systematic bureaucratic questionnaire enquiry made by traditional financial agencies.

If you have cryptocurrencies, you will be able to enjoy the DeFi world without having to go through bureaucracy, being able to enjoy more financial freedom and all this done using only cents of the dollar to access the services.

Summary,

Despite the Crypto world moving large amounts of money, to be exact Billions of dollars, many of these blockchains continue to charge a lot just in fees, totally departing from what are the basic principles of this world, the inclusion of the majority.

This exclusion of the majority contradicts everything that the 'father of cryptocurrencies' Satoshi Nakamoto always wanted, and gives back banks and millionaires the power to use these means, totally alienating what is the world of cryptocurrencies. It doesn't make sense, for example, that the eThereum network, which without a shadow of a doubt is a superpower in the decentralized world and with numerous contributions to the Crypto world, has extremely high fees that do not let the common citizen be able to enjoy these financial innovations.

Using Bitcoin Cash for peer-to-peer payments, and now using smartBCH many of those excluded from this world today will be able to have a piece of the market and be able to make use of it to contribute to their financial independence as well as increase their standard of living with gains achieved in decentralized finance (DeFi). Of course, every investment involves risks, but when it is done using very low fees, it allows the investor to withdraw small gains from their investments on an hourly, daily or even monthly basis, after all, execution rates allow this.

Fees are a preponderant gateway to the adoption and effective use of a product, the lower, the more people can use and benefit from it,

Anyone who thinks fees don't matter is completely wrong, they do matter a lot.

Find me on noise.cashalberdioni8406

Also can read my latest articles featuring Bitcoin Cash & SmartBCH topics below:

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Written by   828
1 month ago
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Comments

Amazing

$ 0.00
1 month ago

@Review hope you enjoy reading and understand the matter of high fees. Haha

Edit- Opps, I didn’t notice, you already in the comment box😄

$ 0.00
1 month ago

I have created a article about this too.. Check that out.. Profit matter not fees.. I can pay $1000 fees of there is profit $10000.. Simple calculation... But if there has alternative way to gain profit without high fee.. Of course i will go there..

$ 0.00
1 month ago

You can't use those coins as payment. ;) You can't use them as your college fees. You won't like to share some of those coin other others due to high fees. You won't like to use that as frictional tip as noise.cash used ;)

$ 0.00
1 month ago

why should i use those coin? I will take profit from them and convert them to other coin which is use able. There has no rule that all time i need to stay with BCH. BCH lover should remove this stupid mentality. First aim should be profit then use case. If there has no profit then why crypto?

$ 0.00
1 month ago

Some time this is necessary to use high fee consuming network. But low funds investor like me can not afford eth network transaction now. But some time i need to do this when i calculate ,my profit is much more than fees.. anyway, we always want a network which capable to have all the good project and has less fees.

But at the end, profits always matter.

$ 0.00
1 month ago

Yes at the end fees matter a lot, doesn't make sense to use are highly consumer fees network when you have choices, after all it about profits in the end of the day

$ 0.00
1 month ago

If available other choice , of course we will go for that.

$ 0.00
1 month ago