Topic: Transaction fees are a tax on BTC (Read 622 times)
Yes its good i admit but you all admit that its really painfull to pay that because then there will be no difference among fiats with them
Transaction money helps developers to keep a track record on the transaction and thus siting the flow of btcs
the cost of the bitcoin transaction has become more profitable, so soon we will see an increase in the rate
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
I think there should be some alternative for this transaction fees especially for smaller transactions. If somehow these transaction charges are eleimnated for small transactions, it will boost the bitcoin prices. However, it will take a lot of fixes to be done.
You are wrong in the roots, nobody has taxed the receivers of crypto-currency taxes, all they pay is the tax for the use of electricity!
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
its true now a days the transaction fees become high. but that not means it is like tax. tax is for any state. but transaction fees is a system by blockchain that help to secured transfersystem. it cant be a tax anymore because its not pay to any state.
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
Charges for transactions of crypto currency can not be regarded as payment of taxes. Taxes are always paid to the state and in this their difference from other payments. Commission fees for conducting transactions are internal payments in the blockchein system for supporting the health of the system and they are paid to miners who ensure the conduct of transactions. That is, we pay a certain fee for the transfer of our digital coins. The state receives nothing from these payments. At the same time, taxes are payments collected by the state, which go to the general needs of society, such as the maintenance of government and administration, the army and the police, the development of nationwide programs, social payments, etc. Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
All payment mediums have some tax or other. I think bitcoins is actually good in this respect, there are no third parties involved. We do not have to pay any tax also put by government like sales tax.
I would agreed yes to this, because these fees or paid for
sending transaction across the bitcoin network, when bitcoin
was at $20k the fees was high per transaction, hope this
issue dont happen again when bitcoin begin mooning.
sending transaction across the bitcoin network, when bitcoin
was at $20k the fees was high per transaction, hope this
issue dont happen again when bitcoin begin mooning.
Its nice to pay the fees because more the fee paid better would be the services for the individual bitcoiners you get that?
I didnt even knew that were transaction fees even LOL Thanks God i didnt started posting
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
When you are working at any establishment , you pay taxes . It depends on how much your monthly income is. There is also an exemption for those who has lower salaries. In every wealth you have , you have to share your assets in a form of paying taxes to the government , either you have own land or home still I dont understand why we pay taxes , it is just like you are renting your own properly to the government for life time But when it comes to Bitcoin , transactions fee is quite different from taxes. When we pay that transactions fees we just paying services it could help also the company to continue doing their business and Services to the people and also paying their taxes.
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
I'm always thinking why people can't stop complaining, in all scenarios happen they'll keep on shouting why and why. Maybe we should fully understand how crypto works, all the transactions fees that they have collected aren't a tax, is just for the people behind the success of its transactions, maybe we could that's is the salary for them.
Assume it just like a security charge securing your wallets and btcs within a dark world
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
Miners are the entities upon which the entire building of BTC stands, as they are responsible for the management of BTC blockchain. It's quite a work as miners invest there money and time in this management. Why anyone will do such service for free, its legitimate right of the miner to get paid for services he is rendering.
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
Really inevitable! But a control has come to play; as compared to late last year when the txn fees were way too high for bitcoin. A lot of persons shifted to the ethereum because of its lower fees in comparison. If the miners'/taxation fee gets way too high, people will try finding other options.
If you put it that way then you can call the fees as a Bitcoin taxation. But it's not exactly the same. When you pay taxes to the state you expect to have different privileges, infrastructure and services that governments have to provide. If the fee is Bitcoin tax and the miners are the government the only thing you get in such case is your transaction confirmed. Is that the good ratio of what you give and what you get?
But lately the fees are realy low so we can't complain.
But lately the fees are realy low so we can't complain.
If it is tax like your point of view. I think it will not matter to the investment community or traders. Miners are not disadvantaged for justified damages such as the loss of transfer fees. No one would want to pay taxes if it was guaranteed and appropriate.
Ya buddy. No one wanted to pay the taxes to our income. But we are paying. As like that, now we are giving some dollars to miners.If you have mining set means, you will speak like this. The people holding mining setup have to get anything for the investment right.For that we are paying transcation fee.
Taxes, like death, are inevitable. When they go up, people complain. Txn fees are a form of tax on BTC that goes to the miners. No-one wants to pay them but they have to.
Nice synonym! My take will be that if the transaction fees are like taxes then maybe the government can use this also as means of taxing the Cryptocurrency earnings. Not the total txn fee but a percentage shared with the miners too.
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