Bitcoin Forum
May 10, 2024, 03:57:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2]
21  Bitcoin / Development & Technical Discussion / Re: Who pays transaction fees on: June 11, 2011, 03:31:48 AM
this doesn't make much sense. like sales taxes, the cost is shared by both parties due to supply and demand pressures.  the problem with transaction fees is not who pays them, but the inefficiency caused due to foregone transactions (they're never made because fee makes them too expensive).  for example, who would pay anyone 0.001 BTC for a good or service if it required paying add'l 0.01 BTC fee?  and eliminating those transactions causes inefficiency because, presumably, the trade would be pareto optimal (i.e., both sides better are better off after the trade than before it) thereby denying a potential increase in social welfare.
Pages: « 1 [2]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!