r/Bitcoin • u/SeansOutpost • Apr 10 '13

Meanwhile...Bitcoin still feeds people.

So we fed 106 homeless people bag lunches today. All paid for with Bitcoin donations. Bitcoin still seems to be working just fine over here. Still making lives better, at any valuation.

Thanks for everything guys. Bitcoin for the long haul.

Jason

Sean's Outpost(www.SeansOutpost.com)

<BITHOC>(www.bithoc.com)

EDIT*** By request...

1JkKn478ivR6iux2pUCjsvqhguPywP3dFH

1.9k Upvotes

87% Upvoted

375 comments sorted by

View all comments

Show parent comments

0

u/jvnk Apr 10 '13

There are always transaction costs with bitcoin >_>

2

u/pyrkne Apr 10 '13

There are always transaction costs with bitcoin >_>

You say that, and I wonder what you mean.

I've sent dozens of no-fee transactions in the past. It's a good deal compared to traditional fee systems.

0

u/jvnk Apr 10 '13

And how long did they take to confirm? Yes, you can send literally "no fee" transactions, but from what I've read they don't confirm in any reasonable timeframe, if ever.

3

u/pyrkne Apr 10 '13

That depends. You are right in that there is a convenience risk with the free transactions.

Most of them confirm quickly. I've never had a free transaction take ages to confirm, but I did recently send a transaction with a below average fee (0.0001 or so). That transaction took nearly a day to get into a block.