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Title: Transaction fee effects Post by: Babylon on July 19, 2010, 08:37:03 PM Ok, I have seen some discussion of the mechanics of transaction fees, still not completely clear on those, but I wanted to straighten something out I was wondering about. Assuming bitcoins deflate slightly, to the point where a 10,000 bitcoin transfer can be expected to generate a fee (which would be 5 bitcoins, if I understand correctly) If I send 10K bitcoins to Bob, does that mean he receives 9995 and whoever processed the transaction receives 5? Or does it mean that I am debited 10,005 and he receives 10k?
Title: Re: Transaction fee effects Post by: aceat64 on July 19, 2010, 08:49:26 PM The sender pays the fee, so you would send out 10,005 BTC and the recipient gets 10,000. There's an article on this in the wiki:
http://www.bitcoin.org/wiki/doku.php?id=transaction_fee (http://www.bitcoin.org/wiki/doku.php?id=transaction_fee) |