Transaction fees is just an extortion plan in BTC and the developers could fix it in
a day but they are getting too rich ripping us off.
Yeah sure LN will fix things in like six months time so the last one to leave please
remember to turn the lights off because I am not hanging around that long when
Segwit fees will be $0.01
Topic: Is bitcoin transaction fees fair? - page 14. (Read 36260 times)
Gone are the times when I used to pay around $0.10 for my Bitcoin transactions.
I miss those days that transaction fees are very cheap but as bitcoin grows the conversion of the low transaction fee is looking high base on our conversion to the current USD value. I did checked the transaction on blockchain.info a while ago and the fee isn't too high, it was around 0.0002 BTC so that was really low unlike before it was more than 0.001BTC. And before when the price of bitcoin is low, 0.0002 BTC is really cheap.yes, that is not way too much of a transaction fee and it is just fair for making all of our bitcoin transactions possible. Miners are also investing a fortune for their bitcoin mining infrastructure in order to serve and make our transactions get through.
They invested on their mining rig and they are the ones who are confirming our transactions so they have the advantage of requesting or increasing the fees. But for now there are many miners that are back to bitcoin again so that affected the price and it is starting to decrease again. The fees are fair again and if you'll check out https://bitcoinfees.earn.com/ it only requires 450 sats per byte.
According to me BITCOIN fee should not depend on the BITCOIN price .In fact it should be according to the transaction we are making.Then we will have a fixed transaction fee for a particular amount which would be much better for some of us including me 
The fees are not really that big, it is just that we are not used to having higher fees than it was before. The fees were dust and now it is a little higher. I dont say it is fair though, I liked the times I paid a few cents for a smaller transaction and now I have to pay half of the amount transfered at a normal amount and wait more than a day for the confirmation of the transaction.
The thing that I know is bitcoin transactions now is not advisable. Even Steam stopped supporting bitcoin as a payment because transaction fees are higher than the product itself.
No its to much high even its value of bitcoin is higher its not fair to us when we doing transaction because the fees in every transaction is higher than the things we buy. So that only few people are do transaction at this moment. 
Gone are the times when I used to pay around $0.10 for my Bitcoin transactions.
I miss those days that transaction fees are very cheap but as bitcoin grows the conversion of the low transaction fee is looking high base on our conversion to the current USD value. I did checked the transaction on blockchain.info a while ago and the fee isn't too high, it was around 0.0002 BTC so that was really low unlike before it was more than 0.001BTC. And before when the price of bitcoin is low, 0.0002 BTC is really cheap.yes, that is not way too much of a transaction fee and it is just fair for making all of our bitcoin transactions possible. Miners are also investing a fortune for their bitcoin mining infrastructure in order to serve and make our transactions get through.
Gone are the times when I used to pay around $0.10 for my Bitcoin transactions.
I miss those days that transaction fees are very cheap but as bitcoin grows the conversion of the low transaction fee is looking high base on our conversion to the current USD value. I did checked the transaction on blockchain.info a while ago and the fee isn't too high, it was around 0.0002 BTC so that was really low unlike before it was more than 0.001BTC. And before when the price of bitcoin is low, 0.0002 BTC is really cheap. Gone are the times when I used to pay around $0.10 for my Bitcoin transactions. Back then, I was hoping that one day Bitcoin will replace fiat cash as the main medium of shopping. But recently the fees shot up to as high as $150 per transaction. Just imagine someone paying $150 as a transaction fee to purchase a burger which costs just $2.
Make sense and hopefully, there could be some workaround with that in the future as bitcoin is gaining more attractions from many investors around the world. We should transact less with bitcoin and consider it as a good resource and not a payment of our small errands.
Gone are the times when I used to pay around $0.10 for my Bitcoin transactions. Back then, I was hoping that one day Bitcoin will replace fiat cash as the main medium of shopping. But recently the fees shot up to as high as $150 per transaction. Just imagine someone paying $150 as a transaction fee to purchase a burger which costs just $2.
I don't think it is fair enough...because if the payment is high,then you need to pay high amount of transaction fees..so now a days people don't want to send payment in bitcoin due to high transaction fees...
I truly believe these high fees are unfair. And I add, they are absurd and unnecessary. I hope that soon this problem will be solved, because if continue with such high rates, it will start to become evident that bitcoin is becoming pseudo decentralized.
The network writes that Bitrefill successfully conducted a test to introduce lightning in the bitcoin network and one of the employees made a transaction paying for the use of the mobile phone. The transaction was instant and with zero commissions. It would be nice if this lightning network would be finally introduced into bitcoin with such results. Only I am confused why this is not the team of bitcoin developers. They seem to have forgotten about their bitcoins.
I think fair enough, when you pay cheap fees then your transaction will run slowly, but if you pay a high fee then your transaction will be finished fast.
Your thinking is not bad as a rational being. But also remember that miners are also rational beings like you as well. Even as you want more money to your pocket they too want the same. In time of higher bitcoin price you are expected to make more money as you exchange your coins. By increasing the mining charges especially in time of high traffic, the miners make more money too.
The thing that I know is bitcoin transactions now is not advisable. Even Steam stopped supporting bitcoin as a payment because transaction fees are higher than the product itself.
Yes it is supported by a lot of people and they are taking bitcoin transaction very lightly so if bitcoin transaction will no high it is not bad to charge fees for as it is good for bitcoin users itself and beneficial for them. If they will charge bitcoin transaction fees then no doubt bitcoin will be fatly conformances and transact at very right time and perfect fees that is very fair for present fast transaction of bitcoin. Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
Paying a low fee for highly priced bitcoin is unfair. Come on, they also need some earning and deserve that percentage. Transaction fees follow a fair rate so what changes to the price of bitcoin must be the same with its transaction fees. They share the same fluctuating property and we shouldn't bother to question it.
I think there is bitcoin with the same fees and the cost or value equally. Due to the rising Bitcoin network fees we feel there is a need to revisit the LocalBitcoins transaction fee system. In order divide the costs of handling Bitcoin transactions in a fair manner we are introducing deposit fees for incoming transactions.
The thing is, when the time when bitcoin value was not as today, everyone is good with the transaction fees but when its value rises remarkably, people are scratching their heads everytime they have their bitcoin transactions because they feel that it is way to much when they try think of the value of the fee.
Bitcoin transaction fee is fair enough.
Its only equate to the price
Its only equate to the price
I think there is bitcoin with the same fees and the cost or value equally. Due to the rising Bitcoin network fees we feel there is a need to revisit the LocalBitcoins transaction fee system. In order divide the costs of handling Bitcoin transactions in a fair manner we are introducing deposit fees for incoming transactions.
I truly believe these high fees are unfair. And I add, they are absurd and unnecessary. I hope that soon this problem will be solved, because if continue with such high rates, it will start to become evident that bitcoin is becoming pseudo decentralized.
Reason why we need regulators in the crypto space, different exchange coming up with different transaction fees,high transaction fees in the major problem Bitcoin came to solve as against the regular bank system that charge high fee for transaction.I hope that overtime competitions between the exchange will tend to drive the fee low.
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