Topic: Are zero transaction costs possible? - page 2. (Read 579 times)
I myself am not convinced that the transaction can be zero, many people think it is impossible because it involves expensive technology. however, I think the transaction becomes empty may occur if using the exchange without going through a third party. for example, swapping tokens with group groups or using auction platforms without fees.
Mostly exchange sites deduct transaction cost because this the only way for them to get some real profit so they don't want or they are not in the favour of zero transaction fee. But there are some professional sites in which transaction fee is almost equal to zero.
There are already many coins close to zero transaction costs. We all know that the transaction cost of bitcoin and ETH is very high, especially some small transactions. I think the introduction of lightning network can alleviate this problem very well.
I personally do not think that zero transaction costs are possible because you need to provide incentive to keep the network up & running.
A small fee is acceptable as a usage tax but when the fee is too large it will affect the user. It reduces the volume of transactions pretty much
I'm not a very big expert in this, but it seems to me that if those who have influence in the bitcoin world agree to abandon the services of miners, then the cost of transactions will be easier to make zero. Some projects already have zero transaction costs.
What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?
yes that is very possible, there are some altcoin that have zero transfer fee and it takes within some second to deliver to any address. and it will be the future of blockchain, now reason such project is designed is due to the complain of high fees and charges in the blockchain.
the project is nexty.io with this nexty platform you have no problem of gas fees and the rest, you can rush and buy nexty.io (NTY) on idax.mn
you can appreciate to the following wallet: 0x44c1d4125d30daa1d5d2389e5b48fcc0153940b1
In the past you could, but that transaction would not be successful or the transaction would be up to a week. Your waiting cost will be big transfer fee of Bitcoin!
I don't think that is possible for now because every transaction have the POW which deserve a reward and the cost in which the transaction takes before getting confirm will also be reason we can't see or have zero transaction fee, but it can be reduce to a bearable amount , that I think might be good.
What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?
it is not possible, especially for altcoin. the increasing value of altcoin or bitcoin prices will automatically increase transaction costs and this has been proven in the past year when bitcoin rose very high.
Zero transaction fee is not possible but we can say low price is possible because miners are doing mining with high cost hardware, mining rigs and electricity so zero cost is not possible. many wallets have different different price but bitcoin transaction is peer to peer and form is bytes/ satoshi price is depends on miners how they accept it.
if the bitcoin lightning network has been successful the costs or fees will no longer exist.
It depends. If you directly transact with the party you have an open channel with, transactions are practically free. If you however hop your transaction through multiple nodes, fees may still apply. The only difference is that the lightning fees are waaaay lower than on-chain fees, so even if you end up paying a fee, it will be 10-100 times less than what you pay on-chain. Maybe even lower if the market effect kicks in, because you can ignore certain 'expensive' nodes to find a cheaper route.In lther altcoins there are already some of it that has no fees you just have to know what are these coins and if they will last until in the future.
Altcoins with no fees = altcoins with no network activity. 
What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?
For bitcoin within past few years there is no costs in any transaction and now i think it varies and if the bitcoin lightning network has been successful the costs or fees will no longer exist. In lther altcoins there are already some of it that has no fees you just have to know what are these coins and if they will last until in the future. 
i think it will never happen, because as we know that if the transaction cost = 0 it mean that the coin is dead, there are no activity on it. and i think its not good for us or the holder of that coin, they will get big loss because of it
I think Zero fees is not that possible. Every transaction needs fees. It is just like a vehicle that needs some fuel to start up and travel. Like Crypto it is the whole blockchain.
I haven't heard about Zero fees but the cheapest fees are already available. Since some alts are provided, they seem to be very useful and very convenient to use in trading and transactions.
I haven't heard about Zero fees but the cheapest fees are already available. Since some alts are provided, they seem to be very useful and very convenient to use in trading and transactions.
no transaction fees are free and even the cost must be very expensive or low but will not make us weak about it.
I am of the opinion that nothing in this world is free. If someone advertise that they are providing something free then they are lying. If business man gives something free how the cost of running the business will be met.,
In the same way there is possible that transaction fee may be very low for bitcoin transfer but it can not be free. Because definitely wallet service providers have to spend some money for running their site. They must be willing to charge at least such amount which can meet their expenditure.
In the same way there is possible that transaction fee may be very low for bitcoin transfer but it can not be free. Because definitely wallet service providers have to spend some money for running their site. They must be willing to charge at least such amount which can meet their expenditure.
I think the fee fee to be maintain the coin coin with that is profit for their. However if it is too high does not good. which is the user of the transaction, it's i think.
What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?
I do not think zero transaction costs will be possible, because we need miners to make transactions can be confirmed. and they must be paid They do not like to work for free. Hardware is expensive and electricity must be paid as well. to become a miner required a high enough capital.
it seems the cost of 0 seems unlikely but to me personally As long as the bitcoin we save or that we send safe and fast is not a problem.
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