Is bitcoin transaction fees fair? - page 27.

DoublerHunter

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Quote from: BlackRacerX on November 12, 2017, 11:10:48 PM

Quote from: shield132 on April 26, 2017, 02:58:00 AM

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.

Not fair at all but we have no choice. They offer a secure and surefire transaction for ever bitcoin holders out there to make a safe transfer or deal. It's the least we can do to a trading site, that is, to make sure they keep it secure and keep it safe from harm's way.

Because of the expensive fees that we are dealing right now, we should be conservative and careful in using our bitcoin because if we are not careful enough then we will lose an amount of bitcoin and also money at the same time so if i were you, i will just do transaction with bitcoin if it is really needed or there is something to expect.

BlackRacerX

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Quote from: shield132 on April 26, 2017, 02:58:00 AM

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.

Not fair at all but we have no choice. They offer a secure and surefire transaction for ever bitcoin holders out there to make a safe transfer or deal. It's the least we can do to a trading site, that is, to make sure they keep it secure and keep it safe from harm's way.

luigidosado

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I guess its just fair. That's just how bitcoin works. It may be a disadvantage but we can also use it as an advantage. Using bitcoin for transactions is hassle free and very easy to use. Plus the fact that its secured, its like worth the price. I don't suggest using bitcoin for transaction fees. Bitcoin is still the best source of income.

GreenBits

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Quote from: shield132 on April 26, 2017, 02:58:00 AM

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.

first off, not everyone is so enthused with this dramatic rise in bitcoin price (as I have been calling this for months, we are now in a major correction). the bubble has deflated, not popped. anyway, the current price scheme is pretty democratic, essentially you pay for prioritization; if your transaction is not imperative, then you pretty much decide what fee you want to pay. but the fees are fair, its just the price is too god damned high, and the fees are proportional.

this is a result of the price entirely to freaking high. when we get to more sensible levels, it wont be so jarring.

*initial post*

nikola22

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Quote from: dns on November 11, 2017, 06:01:23 AM

No, it is too expensive. As others crypto payment is cheap the bitcoin fee also must to be cheap. I hope in the future will be more cheap.

but it's only growing every time and there is no perspective for decreasing.

shield132

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I created this thread because fees weren't fair but there were some people who were supporting 300 satoshi/byte, don't know why but they were saying it was great. There are some people who wants to feel safe, secure and anonymouse and send small money. But... Now fee is 850-950 satoshi/byte so are those guys still supporting these fees? Do they think it's still very fair?
Won't it make shit for bitcoin business? Why will people use bitcoin if they have to pay so huge fees? World isn't full of rich people, we choose bitcoin for it's great sides and now one of them is going from great to worse so what to do? Bitcoin's price is very high, miners are earning much USD and still high fees to fill their pockets? Noo..

rndl1OO

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Thanks dev for the info!

Rohithrao

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which trading exchange charges low fee for buying or selling bitcoins?

aarons6

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Unconfirmed Transactions
135,641 (118,202.43 Kb)

Optimal Fee / Kb
0.00407256 BTC

thats right, sending bitcoin right now would require a 25$ fee per Kb..

chuckblocker

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it's awesome

MetroYoung

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This is one of the entrepreneurial quality that have and hang aside the business wners from the support people. As the chance of doing business is rewarded using the opturnities and money as well while in service the growth is determined by numerous factors within the organisation by itself. Also individuals support can't consider risk that easily and enjoy being secure.o

dns

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No, it is too expensive. As others crypto payment is cheap the bitcoin fee also must to be cheap. I hope in the future will be more cheap.

1BTC EQUALS 1CAR

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No. That is the part that I hate the most. Whenever I check how much it will deduct if I'm going to transfer, I always curse loud because it's too much for me. I really believe that people will find an alternative to bitcoin that will solve all its issues.

negancoin

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Transaction fees is a big problem for me and I think for most people. If they didn't solve it, bitcoin will only use for trading and not for daily basic. The thing that I use to hate about fiat was fees, and right now I am facing the same with bitcoin, every time I make a transaction I have to pay high fees and even with that I have to wait more than 30 min.

fedorkr6

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bitcoin transaction costs not honest now a times.end users constantly use big expenses for obtaining confirmation before long.community not improve block dimension in this way miners are acquiring profited and consumers loose their money.so many individuals now use bitcoin now need to have enhance block measurement or else bitcoin transaction fees will a lot more than financial institution charges.

warwar

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Quote from: shield132 on April 26, 2017, 02:58:00 AM

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.

I agree with your statement that when the price is high then the fee is high and the same with low price though it is fair with the bitcoin network because that is the result of high price . We all know that the price before is low and we cant notice the fee in transactions. As my self i think it is really fair with the bitcoin network because that is the behavior but in exchanges not.

Gloiri

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Actually for me it is not fair because the fees are getting really higher every day now. Bitcoin is also rising so this mean the fees will be expensive. I can't even send 4 dollar without paying 2 dollar fee.

So i want that the fees were just 1 or 2k satoshi. This would make bitcoin a lot better.

AngelSupport

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The question is a bit subjective because as of now Bitcoin has become a tool of the wealthy rather than a tool for anyone to use. To me, the fees aren't fair if I think back on how proud the community was for having so so low fees. Now many say it's normal and if you don't want to pay the fees, don't use it, ignoring the fact that Bitcoin's main pillar against banks are low fees and fast transactions.

ElegantJump

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This coin has got the dumbest whales That i have ever seen. Even if they were going to sell, that is dumb in the first place this near to a major release, why are they going to get it done by basically depressing the price of themselves? Putting up partitions such as the types cranked via early in the month, and today putting up several partitions in a seriously depressed price rather than allowing it to go up and selling into the purchase pressure? Completely, horrifically stupid. These people do not deserve their money. Somebody with increased feeling should put it to better use. If these dummies maintain trading, ultimately someone will.

slavla3

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i explained this just before and i will say it once more, the only Actual fix for this is to code in the main a FIFO sort predicament for tx's.. this Total payment thing is a failure.. it will by no means perform as "supposed" as someone will usually established their fee higher and larger and greater.

Topic: Is bitcoin transaction fees fair? - page 27. (Read 36260 times)