DREAM IS PRETTY REASONABLE!

So after I finally learned to encrypt and decrypt the PGP coding. I started to surf the world wide web of TOR. I got a vender account and I'm doing pretty well.

Today I withdrew and realized how reasonable DREAM is and how how greedy these damn miners are. I did the math on a transaction I just made but changed the real numbers to scale to get a perspective of how much money they make off a transaction.

Dream Cut- $64

Miners Cut - $25

This is what us venders can lose on one transaction. The miners are taking a little more than 30% of the cost Dream is taking. Bitcoin is crazy right now. That is all.


Comments


[13 Points] OldSchoolMethHead:

whoa.....hold on here. you say ya just learned how to use pgp n tor an ya got a (not buyer but) vendor acc. already?

(shakes head) plz god help us all


[4 Points] RalphiesEye:

The miners are mostly Chinese, 70% of all mining takes place behind China's great firewall.

The sad thing is; they don't believe in the technology and don't give a shit about bitcoin. How could this be, you ask? Because they're specifically in it for the profits. The PRC has very strict fiscal controls on regular citizens there, and bitcoin would allow them to bypass those restrictions. The government doesn't like that and it scares the shit out of them, so they cracked down on the exchanges in China a few months ago. They want to know everything. This is why miners don't give a shit; they're not going to use it the way we do. Or even use it at all outside of exchanging it for Chinese Yuan.

I have no sympathy for Chinese miners after finding out they run a cabal/cartel. All lead by Bitmain, a literal monopoly. They're the only producer of ASIC chips and in a huge conflict of interest, mine with them as well -- and delay the release of their rigs so they can take advantage of the lower difficulty rates. They're about as close to "bad guys" as you can get in the real world so I have to wonder how anyone (cough /r/BTC cough) sides with them.


[2 Points] RainbowsAndWaterfall:

A good reason to switch to Monero