How to solve "one-size-fits-all" problem of transaction fee

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: franky1 on January 18, 2016, 05:58:51 PM

tell the rich bankers to use liquid coin.. and leave bitcoin to the freedom lovers of the world
or

dont care who uses it. no matter if they are sending $1 or $1mill.. as long as the fee's stay as only a few cents each, hopefully less

Good point, if the fee is always 0 then it is fair for everyone. But sounds like perpetual motion machine

franky1

legendary

Activity: 4424

Merit: 4794

tell the rich bankers to use liquid coin.. and leave bitcoin to the freedom lovers of the world
or

dont care who uses it. no matter if they are sending $1 or $1mill.. as long as the fee's stay as only a few cents each, hopefully less

Meuh6879

legendary

Activity: 1512

Merit: 1012

rich people buy and build mining device.

Grin

... seem legit ... Cheesy

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Today, it costs the same to transact 1000 bitcoin or 0.01 bitcoin, since you have no way to tell which input is actual spending and which input is the change. So the fee is not percentage based but per transaction based

This is a feature by design. It is similar to airline ticket price must be the same for everyone, because it must allow poorest people to travel, so it must drop the ticket price to the same level as bus or subway

As a result, more and more rich people will love to use bitcoin since the fee is almost non-existing for them, and this will cause the major user group to be middle class and above. Then when the user base largely consists of these rich people, then you can not support those developing countries with extremely low income because these rich users will control majority of the infrastructure of the whole bitcoin ecosystem

Topic: How to solve "one-size-fits-all" problem of transaction fee (Read 417 times)