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Author Topic: question regarding fee's  (Read 652 times)
pietje (OP)
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January 06, 2014, 03:57:31 PM
 #1

I got a question about the transaction fee's.
This is 0.0001 btc, which is about $0.10 atm.
What will happen when bitcoin grows to 10k, or even 100k each?
Will the fee's stay on 0.0001 btc so $1 or $10? This would really cap the growth eventually. Also not really worth buying regular stuff with bitcoins then.
guybrushthreepwood
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January 06, 2014, 04:04:40 PM
 #2

I got a question about the transaction fee's.
This is 0.0001 btc, which is about $0.10 atm.
What will happen when bitcoin grows to 10k, or even 100k each?
Will the fee's stay on 0.0001 btc so $1 or $10? This would really cap the growth eventually. Also not really worth buying regular stuff with bitcoins then.

No, they'll change with the value. They've already been changed.
vendetahome
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January 06, 2014, 05:53:08 PM
 #3

I got a question about the transaction fee's.
This is 0.0001 btc, which is about $0.10 atm.
What will happen when bitcoin grows to 10k, or even 100k each?
Will the fee's stay on 0.0001 btc so $1 or $10? This would really cap the growth eventually. Also not really worth buying regular stuff with bitcoins then.

The fee was 0.01 when Bitcoin started I believe. When I started, the fee was 0.0005.

So dont worry about too high fee in future
hilariousandco
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January 06, 2014, 05:57:27 PM
 #4

The fee will be amended as needed.

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DeboraMeeks
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January 06, 2014, 06:07:18 PM
 #5

The fees aren't fixed and later the standard fees may be adjusted to fit the growth if it reaches higher prices. Anyway you can edit the fees in most wallet programs of course but expect a long delay in receiving the coins.
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