Topic: The transaction fee is just ridiculous. (Read 17471 times)
Don't forget when all the 21 million coins have been mined we need to rely on the transaction fee to keep the network going. So don't be so stingy when it comes to paying fee. Just accept the reality. After all... Just few cents is considered small amount for a normal standard transaction taking place currently
You aren't forced but you would have to wait allot if you don't pay it, I do agree the fee is extremely high for a currency that was promoted by the fact it allows micro-payments.
3.5cents of Dollar to send thousands or tens of thousands of Dollars is extremely high? Relative to what other option??
So I think you didn't see this thread : FOR LAUGH , this guy sent 0.0001 with 2 btc FEE !! (https://bitcointalksearch.org/topic/for-laugh-this-guy-sent-00001-with-2-btc-fee-887207) - Check and come back .
He wanted to send 2BTC with a 0.0001 fee.
You aren't forced but you would have to wait allot if you don't pay it, I do agree the fee is extremely high for a currency that was promoted by the fact it allows micro-payments.
The word cheapskate comes to mind when people don't add transaction fees.
I pay zero fee TXs all the time and they get confirms.
The Constitution only applies to the government.
Nobody is armed forcing you to pay TX fees.
The Constitution only applies to the government.
Nobody is armed forcing you to pay TX fees.
I have a curiosity about tx 0
How long usually takes confirmations?
So I think you didn't see this thread : FOR LAUGH , this guy sent 0.0001 with 2 btc FEE !! (https://bitcointalksearch.org/topic/for-laugh-this-guy-sent-00001-with-2-btc-fee-887207) - Check and come back .
This is when you curse the irreversible nature of Bitcoin transactions.
Haha yeah you're right , in this case bitcoin is not very good
but in other cases it is a really great currency. I pay zero fee TXs all the time and they get confirms.
The Constitution only applies to the government.
Nobody is armed forcing you to pay TX fees.
The Constitution only applies to the government.
Nobody is armed forcing you to pay TX fees.
I have a curiosity about tx 0
How long usually takes confirmations?
So I think you didn't see this thread : FOR LAUGH , this guy sent 0.0001 with 2 btc FEE !! (https://bitcointalksearch.org/topic/for-laugh-this-guy-sent-00001-with-2-btc-fee-887207) - Check and come back .
This is when you curse the irreversible nature of Bitcoin transactions.
So I think you didn't see this thread : FOR LAUGH , this guy sent 0.0001 with 2 btc FEE !! (https://bitcointalksearch.org/topic/for-laugh-this-guy-sent-00001-with-2-btc-fee-887207) - Check and come back .
The thing with credit cards, the merchant is not allowed to add a surcharge if customers pay with credit cards, but the merchant may apply a discount if the customer pays in cash. It's a loophole, and while on the surface it means the same thing, under the law, it is different. That is why cash is king.
In almost any store I go to, when I find an item I want to buy, and they advertise zero percent on credit cards, I always ask the salesperson if I can get a discount if I pay in cash, in full. Almost always, a discount is applicable. If not, I escalate it to someone in authority who can apply the discount.
In almost any store I go to, when I find an item I want to buy, and they advertise zero percent on credit cards, I always ask the salesperson if I can get a discount if I pay in cash, in full. Almost always, a discount is applicable. If not, I escalate it to someone in authority who can apply the discount.
Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent
Also it's somewhat hidden in pricing, sometimes you'll see 3% cash discount.
What I have seen is a number of companies offer some kind of discount for paying in bitcoin......just saying op
(making the effective TX fee negative)Where I stay, the terms & conditions of credit card companies explicitly tell the merchant that they are not supposed to add any transaction fees for credit card transactions. I am not sure if merchants would be allowed to offer cash discounts (essentially making credit cards costlier) if they agree to those terms and conditions.
Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent
Also it's somewhat hidden in pricing, sometimes you'll see 3% cash discount.
What I have seen is a number of companies offer some kind of discount for paying in bitcoin......just saying op
(making the effective TX fee negative) 
Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent
Also it's somewhat hidden in pricing, sometimes you'll see 3% cash discount.
It's a small amount to help maintain the chain.
If you realy want you don't have to pay, use another client.
If you realy want you don't have to pay, use another client.
It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
You don't even need to pay it usually. And either way it's a cent.
Transaction fees aren't the reason why people shy away from using bitcoin.
Even if they don't like transaction fees, all they have to do is compare it with other means of transferring value.
It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
You don't even need to pay it usually. And either way it's a cent.
It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
Whatever you call it, it is compulsory only in certain transactions.
It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
The fee is very low compared to credit card / paypal
The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network
You can avoid the fees if you use electrum where you can set it to zero. But you must fulfilled certain conditions like age and size of the transaction. If you are sending large tx who cares of the fees which adds up few cents. So it all depends on how you look at it.
Electrum forces you to specify a transaction fee if the priority of the coins is not high enough. I guess there are other clients where you can try your luck with zero transaction fee, and hope for it to get confirmed.
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