Elon Musk who has announced that Bitcoin is now okay to pay for Tesla cars, agrees that in one particular way Bitcoin Cash is better than Bitcoin – median transaction fee.
On Wednesday, March 24, Tesla made history in the crypto community when it announced that it now accepts Bitcoin as payment for its top-level cars.
Now, however, Kim Dotcom is trying to persuade the world’s richest man that Bitcoin Cash is a much fairer deal when it comes to payments.
Elon Musk agrees that BCH offers lower fees than BTC
Kim Dotcom, a German-Finnish entrepreneur and political activist (also known as Kimble or Kim Tim Jim Vestor), has commented on Musk’s Wednesday tweet about opening a Bitcoin payment option on the Tesla website.
Dotcom pointed out that median transaction fees are much cheaper if you pay in Bitcoin Cash rather than Bitcoin and suggested that Musk should buy soda with BTC. Kim Dotcom stated that BCH serves the mass market, unlike Bitcoin, which is only for the top one percent.
Musk agreed to the point made by the entrepreneur.
Try and buy a Soda with Bitcoin.#Bitcoin median fee $8.92#BitcoinCash median fee $0.001
Over half of all cash payments worldwide are under $10. $BCH is serving the mass market, not just the 1%. @elonmusk
That’s https://t.co/uqbDwJ8dnl 😘 https://t.co/BIj8llAvYK
— Kim Dotcom (@KimDotcom) March 24, 2021
Samson Mow, the CSO of Blockstream, reminded them both that Bitcoin payments via the Lightning network or Liquid Network may help in this case.