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Author Topic: Just one damned question  (Read 361 times)
FlamingFingers (OP)
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June 14, 2017, 06:58:32 PM
 #1

Why the heck do people pay low fees for their transactions, then after waiting a long time, they come here, and start crying about it all over the place. They, then, are ready to do the impossible; they are ready to pay more than $100 to get their transaction confirmed. Simple question: why don't you just pay the damned normal fees of 0.002BTC, so you don't cry later (either about being unconfirmed or being stuck with a double spend)?!

P.S.: I know there are people who are forced to pay such low fees due to withdrawing from an exchange (or just any bitcoin service site). I also know that Blockchain.info fees estimation tool is responsible for the fees being fucked up.

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stevegee58
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June 14, 2017, 07:07:08 PM
 #2

Simple.
  • Bitcoin is not yet ready for Granny Smith.
  • Granny Smith doesn't know how to figure out an appropriate fee.
  • Granny Smith doesn't know the consequences of a fee that's too low.

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June 14, 2017, 07:09:23 PM
 #3

Because they don't want to waste a lot of money with transactions fees. They don't bother to wait some hours or few days to have it completed, but sometimes their prediction fail and the transaction took much more time to complete, until being canceled.

I don't know if they start panic and pay $100 to have their transaction confirmed later, if the reason to pay low fees is to save money, makes no sense to pay high amounts later...

 
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June 14, 2017, 07:10:45 PM
 #4

Probably not informed enough about the fee structure or deliberately setting the fees too low to save money. Either way after seeing that their TX's are stuck desperation sets in and people are inclined to spend ridiculous amounts of cash in TX recovering services to get their money back which I think is a normal reaction  Wink I mean wouldn't you do the same if you were in their shoes? Being cheap sometimes can cost you more!
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