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Originally Posted by lezinterracial
I had a bitcoin wallet and it took forever to update the thing and it took up alot of space. Does it store every single transaction ever made on you computer?
The other thing I don't like is people say there are no transaction costs, but I got charged a transaction fee when I bought something. A pretty steep one too because I got a bunch of small transactions in.
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You can add a fee so that the transaction will be processed faster by the miners. Noone ever said no transaction costs. As far as the blockchain yeah you have to download the full blockchain, but there are "lightweight" clients that dont use the whole chain. Not sure of any names off the top of my head. They are working on that aspect.