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Title: How to solve "one-size-fits-all" problem of transaction fee Post by: johnyj on January 18, 2016, 07:45:17 PM Today, it costs the same to transact 1000 bitcoin or 0.01 bitcoin, since you have no way to tell which input is actual spending and which input is the change. So the fee is not percentage based but per transaction based
This is a feature by design. It is similar to airline ticket price must be the same for everyone, because it must allow poorest people to travel, so it must drop the ticket price to the same level as bus or subway As a result, more and more rich people will love to use bitcoin since the fee is almost non-existing for them, and this will cause the major user group to be middle class and above. Then when the user base largely consists of these rich people, then you can not support those developing countries with extremely low income because these rich users will control majority of the infrastructure of the whole bitcoin ecosystem Title: Re: How to solve "one-size-fits-all" problem of transaction fee Post by: Meuh6879 on January 18, 2016, 10:12:02 PM rich people buy and build mining device.
;D ... seem legit ... :D Title: Re: How to solve "one-size-fits-all" problem of transaction fee Post by: franky1 on January 18, 2016, 10:58:51 PM tell the rich bankers to use liquid coin.. and leave bitcoin to the freedom lovers of the world
or dont care who uses it. no matter if they are sending $1 or $1mill.. as long as the fee's stay as only a few cents each, hopefully less Title: Re: How to solve "one-size-fits-all" problem of transaction fee Post by: johnyj on January 19, 2016, 12:58:49 AM tell the rich bankers to use liquid coin.. and leave bitcoin to the freedom lovers of the world or dont care who uses it. no matter if they are sending $1 or $1mill.. as long as the fee's stay as only a few cents each, hopefully less Good point, if the fee is always 0 then it is fair for everyone. But sounds like perpetual motion machine |