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Topic: The transaction fee is just ridiculous. - page 8. (Read 17471 times)

legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
November 05, 2014, 10:21:55 AM
Then they shouldn't claim to be free

Where did you see any such claim?
hero member
Activity: 826
Merit: 504
November 05, 2014, 09:03:29 AM
The great thing about bitcoin is, no one can force you to do anything

Except for signing and logging your transactions on the blockchain of course
legendary
Activity: 1540
Merit: 1029
November 05, 2014, 08:47:23 AM
The great thing about bitcoin is, no one can force you to do anything. There are lots of options out there and lots of methods to store and pay.
legendary
Activity: 4256
Merit: 1313
November 05, 2014, 08:16:08 AM
Miners should either get coins they mine or fees, but not both

Fork the code with your suggestion and let us know how it works out.  See how many miners mine your fork.
donator
Activity: 1617
Merit: 1012
November 05, 2014, 08:15:16 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.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
November 05, 2014, 07:28:25 AM
Miners should either get coins they mine or fees, but not both
Currently, miners get both. How do you propose to separate them? The miner gets the block reward, because he found the block. Because he finds the block, he gets all the tx fees that are included in that block.
hero member
Activity: 826
Merit: 504
November 05, 2014, 07:20:34 AM
Miners should either get coins they mine or fees, but not both
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
November 05, 2014, 07:11:04 AM
tx fees helps you to process your transaction fast
als in future when bitcoin block rewards will dropped then Tx fees will be a way to get bitcoin other then mining

uhhh.. tx fees goes to miners.
hero member
Activity: 635
Merit: 500
BlasterKVs the king of xbox modding
November 05, 2014, 06:32:05 AM
tx fees helps you to process your transaction fast
als in future when bitcoin block rewards will dropped then Tx fees will be a way to get bitcoin other then mining
hero member
Activity: 826
Merit: 504
November 05, 2014, 06:29:25 AM
#99
If they charge no fees, how can they run the platform

Then they shouldn't claim to be free
newbie
Activity: 51
Merit: 0
November 05, 2014, 06:10:52 AM
#98
If they charge no fees, how can they run the platform
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
November 05, 2014, 06:00:19 AM
#97
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.
Huh Transaction fees are what are going to support the miners and give the miners to continue to mine over the long term. The block subsidies are meant to be temporary and over time will be less and the percentage of total rewards should decrease

Over the next hundred years? Sure, that's temporarily long, it's almost permanent. I can't look past two or three block halving eras into the future, but we shouldn't be worrying about transaction fees as payments to miners for the next 4 to 8 years yet.
hero member
Activity: 826
Merit: 504
November 05, 2014, 05:11:59 AM
#96
I think the wallet clients want to take some

Everyone wants a cut
member
Activity: 65
Merit: 10
November 04, 2014, 10:29:26 PM
#95
I don't know there is a wallet without fee,thanks for reminding me about that!
sr. member
Activity: 364
Merit: 250
November 04, 2014, 09:39:11 PM
#94
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.
Huh Transaction fees are what are going to support the miners and give the miners to continue to mine over the long term. The block subsidies are meant to be temporary and over time will be less and the percentage of total rewards should decrease
legendary
Activity: 4256
Merit: 1313
November 04, 2014, 11:21:37 AM
#93
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.
legendary
Activity: 1232
Merit: 1000
November 04, 2014, 11:03:57 AM
#92
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.
legendary
Activity: 3766
Merit: 1217
November 04, 2014, 12:00:36 AM
#91
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.
full member
Activity: 476
Merit: 100
November 03, 2014, 03:04:29 PM
#90
Why ridiculous?! Paying fees allows a more fast transaction.
sr. member
Activity: 336
Merit: 250
DLISK - Next Generation Coin
October 04, 2014, 12:26:40 AM
#89
You have two choices:
2. Is it important to be confirmed soon? Spend with the 0.0001 TX fee.
Unless you are only sending ~$1.25 or less worth of bitcoin the TX fee is more efficient then using a credit card.

Once you are sending ~$10.00 worth of bitcoin the TX fee is really not much more then a rounding error
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