Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong

On the Bitcoin network, whether it is a transaction worth $100 or $1 million, it costs the same miner’s fee to process the payment. On October 16, a $194 million payment was moved on the Bitcoin network with a mere $0.1 fee nearly instantaneously. Through legacy banking systems, weeks of paperwork, days of settlement system,

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Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong written by Joseph Young @ https://www.ccn.com/why-comparing-bitcoin-with-centralized-systems-based-on-transaction-rate-is-wrong/ November 13, 2018 Joseph Young

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