username: delboy1978uk
thank you very much! :-D

yeah but if all the exchanges and developers worked together on this then 0.00005 would BE a cent! Just because some people threw fiat cash into the system doesnt mean fiat cash should control it. If the 0.0001 dropped to 0.00001 and the exchanges whacked the price up x 10 you think anyone would notice? ;-)

Transaction Fees are currently 0.0001 BTC or 10,000 Satoshis.

Now consider this.
IF, Bitcoin was the only currency in the world, and all 21 Million Bitcoins were evenly distributed between all seven Billion people, we would all find ourselves with 300,000 Satsoshis.

Given that a single transaction would cost 10,000 Satoshis to process, you would soon be completely out of money very quickly. This is unworkable in reality.

The only solution therefore (and clearly Mr Nakamoto thought this through) is to lower the transaction fees. In a world that ran solely on BTC, the transaction fee would be 1 Satoshi.

I believe that its now time for the Bitcoin developers to reduce the transaction fee to 0.00005 BTC. Doing so would do two things.

Firstly, with lower fees, we would see a greater liquidity in the market, instead of all this hoarding that we see.

Secondly, it would do the opposite of what the Federal Reserve does. They print more money, devaluing the Dollar each time. This would not create more Bitcoins, but rather would double the value of the ones currently in circulation over time as the market adjusted!

Just my 0.00000002 BTC ;-)

thats quite funny lol! i just want to have my say in another area lol

tried to change my primedice username to delboy1978uk, but it wouldnt change!
so its
Welcome, effc3ad719a7a3cadcde57103fe46fd9

@delboy1978uk

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