Bitcoin Forum

Many BTC holders believe that one day BTC price will reach even 100.000$ as it will be wide adopted.

So, what fees shall people pay then just for sending for example 20$ worth of Bitcoin (0,0002 BTC)? I mean, if tx fee levels expressed in $ will be still reasonable comparing to the banks transfers charges? As far as I know there is some fixed tx fee depending on transaction size in block, but I don't know technical details though.

well bitcoin is divisible, you can just lower the fee to 1 satoshi

the problem could occur if even 1 satoshi will be worth a tons

Altough there is a consensus on a decent amount of fee, you can always choose how much you want to pay.
No big deal.

This is no big deal! Put your fee to a few satoshi! Problem solved  ;D

Ask yourself this: What happens if no one pays a fee for a transaction today?

I asked that question according to this:
https://en.bitcoin.it/wiki/Transaction_fees


But i might misunderstood something.

Miners still have blocks to mine and get coins/income. It will only be  a problem if the coins are all dug up and the miners have to live of the fees.

i wonder how much the fee then will be. and also, will it be a hard forced fee that you can't turn off.
fee must be decent enough for the miners to continue mining and low enough to not bother the people who send bitcoin.

These transactions are usually delayed hours and even days..

Was this not discussed before? As far as I know the fees have been reduced once, who's saying that it can't be done again?
You can also either send a transaction without a fee which may or may not take hours/days to process depending on luck.

Not really. Actually mine was never delayed in the past, I guess that was just luck or something.

Mine did, a couple of times..  :(

Seems that this is the solution.

 
Main purpose now for mining is block reward. I can't imagine that there would be so many miners paying electricity bills out of their pockets just to secure blockchain.

This. And also that we can have more than 8 decimal places in the future if required.
So even if 1 satoshi is too much we can have a default fee of 1^-10 for example.
This is definitely not a problem.

Why would they delay them when they are getting more than they get now i mean if this is the theory that 1 satoshi is $1 surely they will be making more money than they do now mining? What am i missing? lol

mishax1 is talking about TX with zero fee. If they're not priority then they can take days to confirm and that will always be the case. However we will never have to pay several dollars per transaction as fee, things can change to prevent that.

Actually, it has already happened at least 3 times in the past.

I recall the standard transaction fee being 0.001 BTC, then I recal it being reduced to 0.0005 BTC, then down to 0.0001 BTC, and eventually it was reduced to 0.00001 BTC.

I haven't loaded Bitcoin Core version 0.10 yet, but I thought I read that it now attempts to dynamically compute a reasonable fee.  If the transaction has a high enough priority, you can send it with 0 fee and still have it confirmed in a reasonable amount of time.

I suppose transaction fees would be lowered to stay competitive. It wouldn't make sense to send 0.0001 BTC ($10) for most transactions. These kind of things can be dealt with by the community.

I think people will just use alcoins for small transactions and if you buy big you use bitcoin because if bitcoin skyrockets even one satoshi might become a problem for a fee. At least altcoins will have some purpose and not only for speculation :)

I disagree on this. If you choose to pay a too low of an amount then you are unlikely to have your tx treated as if it includes a fee, and if your tx otherwise is too low of a priority then it will likely take a long time for it to get confirmed.

I am surprised to see this response from you. Version 0.9.1 (mac) of QT allows you to set a custom default tx fee on a per kb basis. Additionally most clients will allow the user to set any tx fee that they choose, be it .0001 for a 4 kb tx, or 1.4 for a 1 kb tx.

It is ultimately up to the pool/miner/the entity that finds the block to determine the tx policy and what tx's they will accept among any number of factors including the size of the tx fee on a per kb basis. Although the miners as a whole may generally accept the same amount of a tx fee, it is impossible to "change" the tx fee.

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When the price of bitcoin increases substantially from where it is now, in theory the number of tx per second will have increased substantially so the average tx fee can have decreased a lot and the miners would still get a similar total amount of total block reward.