The transaction fee is just ridiculous. - page 7.

eden1

member

Activity: 78

Merit: 10

★Bitin.io★ - Instant Exchange

Quote from: awesome31312 on September 29, 2014, 07:15:33 PM

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

u only need to pay tax if u want your transaction to be confirmed
Tongue

JLynn171

sr. member

Activity: 406

Merit: 250

you can always send it withh 0.0000000 tx fee and ust wait on it.. you are paying for the convienence and speed of blockchain and for the miners cost to send your tx its not really so bad...

alice chan

full member

Activity: 152

Merit: 100

Quote from: picolo on November 07, 2014, 02:43:47 PM

Quote from: Buffer Overflow on November 06, 2014, 11:13:39 AM

Quote from: awesome31312 on November 06, 2014, 11:05:43 AM

Quote from: Buffer Overflow on November 06, 2014, 02:46:38 AM

Transactions fees are voluntary and can be ignored if you choose.

Not if you use Armory

Blockchain's online wallet also forces such a fee.

I was refering to the bitcoin network.

You can send without any fees on blockchain if you send manually instead of using the "quick send" tab

You can also create a custom TX, using a number of available tools to create a TX that does not include a TX fee and push it to the network

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: cr1776 on November 04, 2014, 11:21:37 AM

Quote from: pitham1 on November 04, 2014, 11:03:57 AM

Quote from: bryant.coleman on November 04, 2014, 12:00:36 AM

I believe that now it is time to scrap the tx fee. The miners are hardly getting any benefits out of the transaction fee and the opponents of Bitcoin are using it as a weapon to attack the Bitcoin community.

I am sure the spammers would love that.

They would. And it won't happen anyway! ;-)

And, has been stated, you can always use no fees depending on the age of coins etc. Opponents of bitcoin only use it to attack bitcoin in front of people who don't know any better, so education regarding free transactions is key.

Sidechains are also going to be very important.

Yes, to a layman who has always heard of transaction fees in USD/percentage terms, Bitcoin's transaction fee structure can be quite abstruse.
Education is the key.

Coinshot

hero member

Activity: 521

Merit: 500

Quote from: picolo on November 07, 2014, 02:43:47 PM

Quote from: Buffer Overflow on November 06, 2014, 11:13:39 AM

Quote from: awesome31312 on November 06, 2014, 11:05:43 AM

Quote from: Buffer Overflow on November 06, 2014, 02:46:38 AM

Transactions fees are voluntary and can be ignored if you choose.

Not if you use Armory

Blockchain's online wallet also forces such a fee.

I was refering to the bitcoin network.

You can send without any fees on blockchain if you send manually instead of using the "quick send" tab

Even with quick send the fee can be set beforehand.

The fee provided is good, otherwise transactions may remain stuck for hours or even days.

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

Even if transaction fees were required, using Bitcoin isn't mandated by any law. You're free not to use it if you don't like the fees.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Buffer Overflow on November 06, 2014, 11:13:39 AM

Quote from: awesome31312 on November 06, 2014, 11:05:43 AM

Quote from: Buffer Overflow on November 06, 2014, 02:46:38 AM

Transactions fees are voluntary and can be ignored if you choose.

Not if you use Armory

Blockchain's online wallet also forces such a fee.

I was refering to the bitcoin network.

You can send without any fees on blockchain if you send manually instead of using the "quick send" tab

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: awesome31312 on November 06, 2014, 11:05:43 AM

Quote from: Buffer Overflow on November 06, 2014, 02:46:38 AM

Transactions fees are voluntary and can be ignored if you choose.

Not if you use Armory

Blockchain's online wallet also forces such a fee.

I was refering to the bitcoin network.

awesome31312

hero member

Activity: 826

Merit: 504

Quote from: Buffer Overflow on November 06, 2014, 02:46:38 AM

Transactions fees are voluntary and can be ignored if you choose.

Not if you use Armory

Blockchain's online wallet also forces such a fee.

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Transactions fees are voluntary and can be ignored if you choose.
Miners including you transaction in their block is voluntary and can ignore it if they choose.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: pitham1 on November 04, 2014, 11:03:57 AM

Quote from: bryant.coleman on November 04, 2014, 12:00:36 AM

I believe that now it is time to scrap the tx fee. The miners are hardly getting any benefits out of the transaction fee and the opponents of Bitcoin are using it as a weapon to attack the Bitcoin community.

I am sure the spammers would love that.

As of now, transaction fee is not proving to be an effective anti-spamming measure. Spamming is wide spread. Some other measure needs to be introduced, inorder to combat spamming.

evansearle42

sr. member

Activity: 366

Merit: 250

Quote from: RodeoX on November 05, 2014, 04:10:42 PM

Quote from: picolo on November 05, 2014, 04:00:57 PM

Quote from: awesome31312 on September 29, 2014, 07:15:33 PM

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

It is not a taxe that you don't have a choice of paying, it is a price for a service that you can choose not to use

Right. and let's break this down:
We are FORCED to pay a tax upon every transaction -Nope
and they say Bitcoin doesn't have any taxes -Nope, who said that?
Taxation is unconstitutional theft via armed extortion. - lol Nope
it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY). -Nope

Well the "tax" that you are "forced" to pay (ex, the TX fees) is something that helps keep your money secure by giving the miners an incentive to continue to mine (and receive TX fees).

The overall "tax" that is paid on a per TX basis is very small and is often free if the circumstances warrant.

vm89

newbie

Activity: 56

Merit: 0

Quote from: RodeoX on November 05, 2014, 04:10:42 PM

Quote from: picolo on November 05, 2014, 04:00:57 PM

Quote from: awesome31312 on September 29, 2014, 07:15:33 PM

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

It is not a taxe that you don't have a choice of paying, it is a price for a service that you can choose not to use

Right. and let's break this down:
We are FORCED to pay a tax upon every transaction -Nope
and they say Bitcoin doesn't have any taxes -Nope, who said that?
Taxation is unconstitutional theft via armed extortion. - lol Nope
it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY). -Nope

Agreed. You can choose your transaction fees really. It's just your transaction will confirm slower.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: picolo on November 05, 2014, 04:00:57 PM

Quote from: awesome31312 on September 29, 2014, 07:15:33 PM

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

It is not a taxe that you don't have a choice of paying, it is a price for a service that you can choose not to use

Right. and let's break this down:
We are FORCED to pay a tax upon every transaction -Nope
and they say Bitcoin doesn't have any taxes -Nope, who said that?
Taxation is unconstitutional theft via armed extortion. - lol Nope
it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY). -Nope

picolo

hero member

Activity: 1022

Merit: 500

Quote from: awesome31312 on September 29, 2014, 07:15:33 PM

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

It is not a taxe that you don't have a choice of paying, it is a price for a service that you can choose not to use

Supercrypt

legendary

Activity: 1554

Merit: 1054

no you are not forced to pay tx fee
you can send money without tx fees
just sending fund with tx fees will speedup your transaction confirmation
and tx without fees can take a lot of time to get confirmed

nor9865

hero member

Activity: 700

Merit: 500

If you think you know me.. Think again

Quote from: shawshankinmate37927 on November 05, 2014, 10:55:51 AM

Quote from: awesome31312 on November 05, 2014, 09:03:29 AM

Except for signing and logging your transactions on the blockchain of course

Who's forcing someone to use the blockchain?

Well no one, but to view transactions you must use some kind of public ledger which is where the blockchain jumps in.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: Soros Shorts on November 05, 2014, 08:15:16 AM

Quote from: awesome31312 on November 05, 2014, 07:20:34 AM

Miners should either get coins they mine or fees, but not both

Miner's income is supposed to transition from 100% block rewards to 100% fees at some point in the future. If you mined back in 2009-2011 you will remember that fees were 0% back then. When we drop to 12.5 BTC block rewards in a couple of years expect fees to go up. It is working as designed.

Exactly. It is working fine. I wish people would stop trying to fix the parts of bitcoin that are working. If you cut off the fees to miners then why on Earth would they spend money on equipment and electricity to do work for you?

vabtc

jr. member

Activity: 55

Merit: 4

I use .00001 fee all the time and it's gets added pretty quickly. $.003 isn't very ridiculous to me when i'm moving $1500 or even $5 around.. total fees per block currently avgs .1 - .2 btc.. big whoop.

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

Quote from: awesome31312 on November 05, 2014, 09:03:29 AM

Except for signing and logging your transactions on the blockchain of course

Who's forcing someone to use the blockchain?

Topic: The transaction fee is just ridiculous. - page 7. (Read 17471 times)