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Topic: Standard transactionfees are getting high again? (Read 1199 times)

full member
Activity: 126
Merit: 100
hero member
Activity: 784
Merit: 1000
I got tired of people complaining about having to pay 8 cents min transaction fee........

True but what about micropayments which is an area that bitcoin can easily disrupt.
With 8cents / transaction that doesn't look to be the case anymore.

This is not a problem with a sraightforward solution, as it will bloat the blockchain, checkout casascius's probabilistic nanopayment and Mike Hearn's rapidly adjusted micropayment proposals if you are interested.
sr. member
Activity: 364
Merit: 250
I also think standard fees should be lowered, a quick patch doing this would only help Bitcoin.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
8 cent isn't exactly "low"
sr. member
Activity: 252
Merit: 250
I got tired of people complaining about having to pay 8 cents min transaction fee........

True but what about micropayments which is an area that bitcoin can easily disrupt.
With 8cents / transaction that doesn't look to be the case anymore.
hero member
Activity: 784
Merit: 1000
I got tired of people complaining about having to pay 8 cents min transaction fee........
sr. member
Activity: 294
Merit: 250
Yeah, I think so to! They should really do that for the next release! (if that's how it works, otherwise how?)
sr. member
Activity: 323
Merit: 250
so, since the transactionfee was last adjusted in size, the value of bitcoin multiplied by more than tenfold again.
Isn't it time to push back the fee by another 2 or 3 digits?

Would be epic for smaller transactions, because it's getting excessive. the advantage of 'it has virtually no fees' is something we can't claim at the moment. 
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