What would happen if Bitcoin transaction fees was reduced to zero ?

[krishnaverma]

What would happen if Bitcoin transaction fees was reduced to zero ?

Would Bitcoin adoption skyrocket if sending BTC was free, or would miners abandon the network due to no incentive?

[Nathrixxx]

It's impossible, you have to pay for your transaction fee, even though it may be small, at least the miners have to eat also, because they are working in getting your transaction confirmed, so you need to pay them as little as you can afford or they require as transaction fee.

[Mahiyammahi]

What would happen if Bitcoin transaction fees was reduced to zero ?

Would Bitcoin adoption skyrocket if sending BTC was free, or would miners abandon the network due to no incentive?

Wow another weird idea you have. You should have learn first how blockchain works. How all transactions are being complete. Miner's wont interest to complete your damn transaction, they have to pay their electricity bills , mortgage bill and all other bills. You could have ask what would happened if all bitcoin has been mined. Btw did you just burst posted?



I thought there's 360 second time limit between two post you could made

[Satofan44]

What would happen if Bitcoin transaction fees was reduced to zero ?

Would Bitcoin adoption skyrocket if sending BTC was free, or would miners abandon the network due to no incentive?

Wow another weird idea you have.

It is a spam account which is used so that he and his colleagues can shitpost with their alternative accounts. He opens a thread and then many accounts try to create "genuine" replies that are complete bullshit. Ignore it, notice the patterns. Never give merit to such thread authors or people who respond.

What would happen if Bitcoin transaction fees was reduced to zero ?

Planet Earth would explode. End of stupid discussion.

It's impossible, you have to pay for your transaction fee, even though it may be small, at least the miners have to eat also, because they are working in getting your transaction confirmed, so you need to pay them as little as you can afford or they require as transaction fee.

Zero fee transactions are possible but most likely they would not be accepted, that is why most wallets disable sending transactions with zero fees as users don't understand what they are doing. Anyway, as I said already this is a spam topic. Move on.

[Churchillvv]

@Mahiyammahi I usually thought I was weird one when I see posts like this and i respond in a way that should make them quit low quality post. Seems we have mutuals who don’t like them too.

it’s very obvious that op has nothing to say, because his post/threads come few seconds after the other which means, it’s a prepared account either for shilling out used to ask this kind of question to keep it active.

From experience that’s how it’s done on some forum I’ve been before hand, they keep asking silly questions for more activities and exposure\ escape shadow banning in other medias or forums. 

[nemesis_incarnate]

@Mahiyammahi I usually thought I was weird one when I see posts like this and i respond in a way that should make them quit low quality post. Seems we have mutuals who don’t like them too.

it’s very obvious that op has nothing to say, because his post/threads come few seconds after the other which means, it’s a prepared account either for shilling out used to ask this kind of question to keep it active.

From experience that’s how it’s done on some forum I’ve been before hand, they keep asking silly questions for more activities and exposure\ escape shadow banning in other medias or forums. 

I just wonder what's the point.. They don't shill anything, just create discussions, basically.

[bitmover]

What would happen if Bitcoin transaction fees was reduced to zero ?

Would Bitcoin adoption skyrocket if sending BTC was free, or would miners abandon the network due to no incentive?

Actually, most responses here are incomplete.

Miners would still be mining, as the block incentive is much higher than the reward of the fees.

But if the transaction fee was zero, and miners have no incentive to choose which transaction goes first, the network would be flood with spam transactions. The network would be clearly under a DDOS attacks and bitcoin would become unusable and will eventually collapse in terms of price.

[henry_of_skalitz]

What would happen if Bitcoin transaction fees was reduced to zero ?

Would Bitcoin adoption skyrocket if sending BTC was free, or would miners abandon the network due to no incentive?

Actually, most responses here are incomplete.

Miners would still be mining, as the block incentive is much higher than the reward of the fees.

But if the transaction fee was zero, and miners have no incentive to choose which transaction goes first, the network would be flood with spam transactions. The network would be clearly under a DDOS attacks and bitcoin would become unusable and will eventually collapse in terms of price.

We would all remember Runes and other participants of the chain like it in no time.. Gladly, that's not the case.

[Charles-Tim]

What would happen if Bitcoin transaction fees was reduced to zero ?

Would Bitcoin adoption skyrocket if sending BTC was free, or would miners abandon the network due to no incentive?

Stop spamming with unnecessary questions.