Microtransaction Fees - Send .0005, whats the fee?

[Patel]

Just wondering,

Are transaction fees proportional to the amount?

Lets say I want to send 6 cents today at the price of $130 per BTC. So thats about .0005 BTC

What would be the transaction fee? Also how would it affect the speed of confirmations?

[marcovaldo]

You can send a transaction without any fee. It would take a couple of days to proceed if you're lucky

[phatsphere]

the fee is also .0005 BTC. the current system is not made for micro transactions, better mechanisms on top of what we currently have will emerge.

[grue]

Are transaction fees proportional to the amount?

no they are proportional to the size of the transaction, which is determined by how many inputs and outputs.

[jackjack]

Wasn't the fee lowered to 0.0001 BTC?