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Title: Can we change the transaction fee? Post by: sifter on September 07, 2014, 06:28:52 AM Sorry, I'm a no0b to the technical aspects of bitcoin,
But my question is; can we change the transaction fee to as least where the miners would take quick enough to confirm it without being worth a lot as a Fiat? Say if the value of 1btc/$100000, I'm pretty sure the transaction fee of 0.0002 would be higher than my bank's. I'm using an online wallet so that might be limiting me. Title: Re: Can we change the transaction fee? Post by: fsb4000 on September 07, 2014, 06:35:19 AM Sorry, I'm a no0b to the technical aspects of bitcoin, Sure, we can. But my question is; can we change the transaction fee to as least where the miners would take quick enough to confirm it without being worth a lot as a Fiat? Say if the value of 1btc/$100000, I'm pretty sure the transaction fee of 0.0002 would be higher than my bank's. I'm using an online wallet so that might be limiting me. Which wallet do you use? blockchain.info supports the change fees... Title: Re: Can we change the transaction fee? Post by: BobbyChen on September 07, 2014, 10:22:11 AM Sorry, I'm a no0b to the technical aspects of bitcoin, But my question is; can we change the transaction fee to as least where the miners would take quick enough to confirm it without being worth a lot as a Fiat? Say if the value of 1btc/$100000, I'm pretty sure the transaction fee of 0.0002 would be higher than my bank's. I'm using an online wallet so that might be limiting me. You can send transactions without any fees unless they are dust spam: very large in size, many small inputs. More fees = faster processing. Title: Re: Can we change the transaction fee? Post by: DubFX on September 07, 2014, 10:28:53 AM He is asking that if the bitcoin price will skyrocket, if we will be able to lower the fees so we won't have to pay 100s or dollars as a fee, the answer is yes we can.
Title: Re: Can we change the transaction fee? Post by: Biochemical on September 07, 2014, 11:56:13 AM Yes we can, that's not the problem, the problem is getting bitcoin to that price. Theoretically cant happen ..
Title: Re: Can we change the transaction fee? Post by: DubFX on September 07, 2014, 12:44:47 PM Yes we can, that's not the problem, the problem is getting bitcoin to that price. Theoretically cant happen .. Theoreticaly it can...who thought it could reach 1k$ someday when it was worth 1 cent?Title: Re: Can we change the transaction fee? Post by: sifter on September 07, 2014, 06:27:51 PM Sorry, I'm a no0b to the technical aspects of bitcoin, Sure, we can. But my question is; can we change the transaction fee to as least where the miners would take quick enough to confirm it without being worth a lot as a Fiat? Say if the value of 1btc/$100000, I'm pretty sure the transaction fee of 0.0002 would be higher than my bank's. I'm using an online wallet so that might be limiting me. Which wallet do you use? blockchain.info supports the change fees... Well I'm using coinbase, I haven't used it properly. I just get people to send to me. Title: Re: Can we change the transaction fee? Post by: sifter on September 07, 2014, 06:29:28 PM Yes we can, that's not the problem, the problem is getting bitcoin to that price. Theoretically cant happen .. If it can go from, $0.005 to $1200. Why can't it jump from 1200 to 10000 |