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Topic: Once again,localbitcoin loots - page 2. (Read 321 times)

sr. member
Activity: 434
Merit: 255
Live cams shows pimped with cryptocurrency
October 29, 2017, 07:43:08 AM
#3
This is a serious error of bitcoin. When the capacity of the users was enough to secure the bitcoin transaction fee per transaction will be charged. When the miners took a monopoly Board appeared and continues to grow. I think that the developers had to take care of it. First, any monopoly is bad. Secondly it seriously hampers the development of bitcoin and actually plays into the hands of the state. All users have to collect coins in the wallet then change a large amount in the Fiat and then make a purchase.
hero member
Activity: 798
Merit: 503
October 29, 2017, 07:36:31 AM
#2
Yeah, the rates are about there, still increasing since demand for Bitcoin transactions have gone up. Yeah, I agree that the fees are unfair, which makes Bitcoin almost impossible for daily usage. I don't think its localbitcoin that 'loots', other sites like Coinbase also have high fees, and its inevitable.

All we can hope for are off-chains transactions with zero fees when transferring from one account to another.  Undecided I usually wait till I have a large amount of BTC to send compared to the fees to minimize my loss through fees.
hero member
Activity: 952
Merit: 500
October 29, 2017, 07:27:42 AM
#1
Hi, Today i sent 0.01 BTC from my electrum wallet to my localbitcoins account.I was shocked to see that i have been charged an incoming fee of  0.00048174 BTC for just 0.01 BTC.

Almost $2.80.

Do you feel that its a fair fee that too for an incoming transaction?

That's Ridiculous.
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