Bitcoin Forum
November 02, 2024, 01:46:44 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Appropriate fee for future pure BTC smart cards used for payments?  (Read 951 times)
Realpra (OP)
Hero Member
*****
Offline Offline

Activity: 815
Merit: 1000


View Profile
May 24, 2012, 06:09:20 PM
 #1

The question is pretty much in the title.

My country has a nationalized version of VISA which makes the fees pretty damn low; about 0,4% I think - there might be hidden costs I am not aware of.

Of course on top of this the shops have additional costs per year for their terminals.


The data price for internet traffic is quite low so for a TX at 500 byte it would be around 1/1.000.000*0,18$.

Of course there are other costs, but all in all the BTC network should not cost much to operate technically.


In light of these numbers and to stay competitive even in efficient markets I would program an automatic (1/10.000*transfer amount) for fee into the card chip.


Considering that most transactions today are without a fee, I am thinking that the cards should keep working for quite some time without being ignored.

Your thoughts?

Cheap and sexy Bitcoin card/hardware wallet, buy here:
http://BlochsTech.com
evoorhees
Legendary
*
Offline Offline

Activity: 1008
Merit: 1023


Democracy is the original 51% attack


View Profile
May 24, 2012, 06:15:53 PM
 #2

Quote
1/1.000.000*0,18$.

Only programmers would write a price like that lol
Realpra (OP)
Hero Member
*****
Offline Offline

Activity: 815
Merit: 1000


View Profile
May 24, 2012, 06:17:26 PM
 #3

Quote
1/1.000.000*0,18$.

Only programmers would write a price like that lol
I started out in another currency then realized you guys know dollars better... but yeah I am.

Cheap and sexy Bitcoin card/hardware wallet, buy here:
http://BlochsTech.com
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!