Just Made a Payment with the New Fees - page 3.

DannyHamilton

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Quote from: jonald_fyookball on March 24, 2014, 05:12:54 PM

but ive sent bitcoins many times with 0 fee and it went through fine

And I've crossed the railroad tracks many times without looking and I'm still alive. That doesn't mean it's a good idea, or that you will be as successful next time as you have been in the past. Eventually you will get hit by the train (or in this case you will get a transaction that takes a VERY LONG time to confirm). It is up to you if you want to take that risk or not.

As I already said:

Quote from: DannyHamilton on March 24, 2014, 04:53:15 PM

it can be free under some circumstances

just like crossing railroad tracks without looking can be safe under some circumstances (such as when a train doesn't happen to be coming)

Littleshop

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Quote from: BittBurger on March 24, 2014, 04:47:46 PM

Does this sound correct?
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05

So I had to pay 5 cents fee on an $87 purchase.

Should we stop saying Bitcoin is free? I mean ...

I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.

Nearly free.

Or less then 1/10 of 1%

are both good ways to describe Bitcoin fees.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

but ive sent bitcoins many times with 0 fee and it went through fine

DannyHamilton

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Activity: 3472

Merit: 4801

Quote from: BittBurger on March 24, 2014, 05:01:41 PM

Im not trying to scam the miners out of their due fee.

But i started on this scene in June of 2013 and I can confidently say a *lot* of people were using the word "Free" at that point.

Then they were misinformed or lying to you.

It was written directly in the original whitepaper that bitcoin transaction costs would be supported by transaction fees (you did read the whitepaper, right?).

Quote from: Satoshi_Nakamoto

The incentive can also be funded with transaction fees. If the output value of a transaction is
less than its input value, the difference is a transaction fee that is added to the incentive value of
the block containing the transaction.

12648430

full member

Activity: 144

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Quote from: BittBurger on March 24, 2014, 04:47:46 PM

Does this sound correct?
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05

So I had to pay 5 cents fee on an $87 purchase.

Should we stop saying Bitcoin is free? I mean ...

I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.

It's not free. It's not intended to be free. You are correct in questioning your motives for making that claim. Still, $0.05 is a lot less than fees for paying with any credit card; it's just more obvious because they payer includes the fee rather than the payee quietly pricing it in.

Quote from: pungopete468 on March 24, 2014, 04:53:08 PM

Set your computer to mine; run low priority in the background. Download the client and use your own PC to relay the transaction. It's free for those who support the network by mining. Non miners support the network with a small fee. Obviously your power cost is a factor, but it will likely average out for you if you just run a low priority process.

Google how to do it all if you aren't sure. The info is there.

This is terrible advice and would not help your situation in any way. Pay no attention to this idiot.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

It's called a fee for a reason. You were able to send older coins without a fee for > 1 BTC transactions, but I think those days are over now that there's so many transactions.

BittBurger

hero member

Activity: 924

Merit: 1001

Im not trying to scam the miners out of their due fee.

But i started on this scene in June of 2013 and I can confidently say a *lot* of people were using the word "Free" at that point.

It slowly evolved near the end of 2013 to people saying "for almost free" ...

But I had it in my head either way

EDIT: Ah! Is that because in June 2013 .0001 basically *was* free? (BTC was $90)

DannyHamilton

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Activity: 3472

Merit: 4801

Quote from: pungopete468 on March 24, 2014, 04:53:08 PM

Set your computer to mine; run low priority in the background. Download the client and use your own PC to relay the transaction. It's free for those who support the network by mining. Non miners support the network with a small fee.

Google how to do it all if you aren't sure. The info is there.

Of course if you do that, you'll pay a lot more than $0.05 in electricity, and your transaction will still need a fee in many circumstances to ever get confirmed, so that seems like really bad advice.

DannyHamilton

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Activity: 3472

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Quote from: BittBurger on March 24, 2014, 04:47:46 PM

every time I have to pay, I ask myself why I tell people its free.

Because you like to lie to people?

I would never tell people its free. TANSTAAFL my friend.

It is very cheap, and it can be free under some circumstances, but "free" is not one of the many great things about bitcoin.

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: BittBurger on March 24, 2014, 04:47:46 PM

Does this sound correct?
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05

So I had to pay 5 cents fee on an $87 purchase.

Should we stop saying Bitcoin is free? I mean ...

I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.

Set your computer to mine; run low priority in the background. Download the client and use your own PC to relay the transaction. It's free for those who support the network by mining. Non miners support the network with a small fee. Obviously your power cost is a factor, but it will likely average out for you if you just run a low priority process.

Google how to do it all if you aren't sure. The info is there.

BittBurger

hero member

Activity: 924

Merit: 1001

Does this sound correct?
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05

So I had to pay 5 cents fee on an $87 purchase.

Should we stop saying Bitcoin is free? I mean ...

I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.

Topic: Just Made a Payment with the New Fees - page 3. (Read 3452 times)