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Alice and Bob send each 1 BTC to 2-of-2 multisig address and both transactions happen simultaneously or don't happen at all.
Would it be hard to implement?
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So now they are hiring camel herders to pollute bitcointalk.org, funny.
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No problem, we all learn something here.
Think about CPI as a basket of goods and services.
So tomorrow one bitcoin transaction doesn't cost more goods and services than yesterday.
It seems only fair to me, after all bitcoin is still cutting edge, no?
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What is the connection between the fees of fiat transactions and the development of bitcoin only one person can know. The author of main post...
The bitcoin development is made by the developers and their work have nothing to do with the mentioned fee-s.
Consumer price index (CPI) is still available only in fiat so you need fiat to bitcoin exchange rate to calculate bitcoin CPI. I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it. |
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Then stop using that exchange. The minimum fee for nodes to relay will get lowered if that happens. After sometime, less people would be willing to pay that high of a transaction fee and miners would start to mine transactions with lower TX fees.
I'm afraid until 'miners would start to mine transactions with lower TX fees' the people would 'stop using that' bitcoin. |
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What are you talking about here and what you mean "unpredictable" ? Fees are already low comparing to the other payment methods (0.0001 BTC = 0.05$) .
To pay from exchange it's 0.0005-0.001 BTC = $0.25-$0.5, for a rate of $5000/BTC it's $2.5-$5. Market rates could be manipulated and therefore the whole bitcoin game could be manipulated this way. |
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Now value of transaction fee in fiat is unpredictable scaring commerce and blocking the whole bitcoin development.
Linking the fee through 5-10 biggest exchanges to consumer price index would solve a lot of problems and end a lot of discussions.
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next u say i killed bitcoin?
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I see in the last few years this site has been infected by Fed shills... Though the outcome of the game is still undecided |
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So somebody is buying XBT OTC to keep the price down then selling on exchanges to push it further down, very smart.
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Why would someone deposit to exchange when he could use 3-key escrow for the same money is beyond me...  |
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It is reconnaissance, then will follow war. The guys start thinking only when encountering brute force.
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OK, in this case I have to put it another way.
I will move the money (not very much) to the first exchange that implements nominal US$ transfers between members.
Also I am ready to pay a reasonable fee for each transfer.
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I appreciate your instant replies but MtGox redeemable code isn't technically a nominal transfer since I don't have a proof that the money have been credited to his account.
Therefore it requires an additional layer of trust.
All redeemed codes do appear in your account transaction history, you can use that as a proof. There is no information about who and when has redeemed them, sorry. And even if that information would be there it wouldn't have any purpose because the receiver could just postpone the redemption. |
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I appreciate your instant replies but MtGox redeemable code isn't technically a nominal transfer since I don't have a proof that the money have been credited to his account.
Therefore it requires an additional layer of trust.
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I can transfer the US$ on MtGox to any bank but not to another MtGox member, can't understand why.
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Maybe there is an answer somewhere but I can't find it.
I just want to know why no exchange allows nominal US$ transfers between members.
Thanks.
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Bitcoins are just encrypted codes, you own them and nobody can take them from you.
And because there is an agreement to limit their number to 21,000,000 you can't lose them through inflation as well.
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