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Author Topic: Transaction fee  (Read 1301 times)
randy8777
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December 24, 2015, 10:37:39 AM
 #21

the current fees are very predictable. you are recommended to pay 1000 satoshi per every kb. it's easy and very cheap. it doesn't scare any one.
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mda (OP)
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December 28, 2015, 05:29:02 AM
 #22

What is the connection between the fees of fiat transactions and the development of bitcoin only one person can know. The author of main post...

The bitcoin development is made by the developers and their work have nothing to do with the mentioned fee-s.

Consumer price index (CPI) is still available only in fiat so you need fiat to bitcoin exchange rate to calculate bitcoin CPI.
I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it.
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December 28, 2015, 01:56:25 PM
Last edit: December 28, 2015, 02:24:20 PM by n2004al
 #23

What is the connection between the fees of fiat transactions and the development of bitcoin only one person can know. The author of main post...

The bitcoin development is made by the developers and their work have nothing to do with the mentioned fee-s.

Consumer price index (CPI) is still available only in fiat so you need fiat to bitcoin exchange rate to calculate bitcoin CPI.
I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it.

Sorry mda but for me seems that I am talking about the Sun and you are talking about the Moon. From internet I had only a few info about bitcoin CPI (about which to tell the right had not heard never before) that for more don't fit with each another. Not only this but are even totally different one from another. Other conception found at bitcointalk and other at bloomberg.

You can find those here:

http://www.bloomberg.com/bw/articles/2013-12-12/the-bitcoin-consumer-price-index-shows-massive-deflation

https://bitcointalk.org/index.php?topic=99080.0

I don't know if you have another bitcoin CPI conception created by yourself (which might be totally different from the above) and published who knows where, but as for the above, none of them confirm what you have written in your post. I don't see any kind of connection between every bitcoin CPI above conception with the exchanges and for more with the fees of fiat transactions. And to tell the right I am not able even to create connection between most of concept-words mentioned at your post. Anyhow I don't know the work of an owner of exchange and I don't know in which way he or its specialist (according to you) "fix" the change from various fiat moneys and bitcoin. And then after this even "transaction fee" (only you know which one is this: fiat or bitcoin) mentioned by you in the second sentence. For me the kind of "job" of an exchange if way more simple. Leave and follow the relation supply/demand for every kind of "thing" (named otherwise "money") and earn fee for every transaction the other made. Period.

Anyhow, being not an expert in such things (and being convinced for the moment that have right in the above written by me) I 'm curious to learn more in this field. So, if you have time, please do a much more detailed explanation about you "theory" (like for children) in order that me understand my wrong thoughts and correct those. To not forget the connection between the fiat transactions and the development of bitcoin (about which, I'm sorry, I haven't found nothing in internet).

And to tell the right, at my previous post answered by you, I would add even these words: Please explain this pearl: "I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it"
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December 28, 2015, 02:32:14 PM
 #24

No problem, we all learn something here.
Think about CPI as a basket of goods and services.
So tomorrow one bitcoin transaction doesn't cost more goods and services than yesterday.
It seems only fair to me, after all bitcoin is still cutting edge, no?
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December 28, 2015, 03:17:41 PM
 #25

I think the fee rate should be according to BTC price rather than a metal-hard default rate, that would maintain it in a reasonable limit of ~$0.01 rather than a free limit that can be very high.
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December 28, 2015, 03:20:19 PM
Last edit: December 28, 2015, 07:03:32 PM by n2004al
 #26

No problem, we all learn something here.
Think about CPI as a basket of goods and services.
So tomorrow one bitcoin transaction doesn't cost more goods and services than yesterday.
It seems only fair to me, after all bitcoin is still cutting edge, no?

You go from from one branch of the tree to another and for more using a logic that only you can understand. I know very well what is CPI. I write that I haven't heard the bitcoin CPI and not for the CPI. I am economist. But if I wouldn't have any knowledge about economy I can give a full page from Wikipedia which explain correctly what is the CPI. It was not this the problem of all your posts (or the aim of my post) but the making of connections from you without any kind of logic. In this post you speak totally about other things compared to the previous ones. I asked to many explanations in my post about various contradictions in your posts but you, as have made since now, go further with your Arabian language in an English Forum. Giving other 4 sentences with 4 words each. That are the most big explanations you can give. For more doing even the teacher. To laugh is the less that can be made here. Someone who create sentences without any meaning and give explanation with only 4 words want to learn someone who make a post with ten times more words with explanations about the (probable) absurdity of your posts.

This time will be more concise even I know already the kind of answer that I will have.

First: What is the connection between the fees of fiat transactions and the development of bitcoin? This was the first thing rejected by me. Explain clearly step by step this connection using right words and logic and not a bunch of words with 100 meanings or without meaning.

Second: What is the meaning of this phrase: "Consumer price index (CPI) is still available only in fiat so you need fiat to bitcoin exchange rate to calculate bitcoin CPI." What have to do an exchange with the CPI, with the fiat CPI and with the bitcoin CPI? Why an exchange must calculate the bitcoin CPI? What kind of bullshit are these? And for more what is the connection of this phrase with the first one written by you and repeated by me in the first point above. In which way this second phrase argues the first one. For me is totally without connection with that. What have to do an exchange with the transactions fee (of fiat or bitcoin) and for more with the development of bitcoin? For me is a total absurdity.

Third: What is the meaning of this phrase: "I would like to see transaction fee if not decreasing relatively to CPI then at least linked to it." For what transaction fee you speak? What is the meaning of this phrase? What connection exist between this phrase and the exchanges and the development of bitcoin?

To make a clarification. For me the development of bitcoin is the development of a software by one or more developers. What is for you?

Four: What is the logic of passing from the first sentence to the second one in those (2 and 3) written in your last post:

Think about CPI as a basket of goods and services.
So tomorrow one bitcoin transaction doesn't cost more goods and services than yesterday.

I bet that no one in this forum will be able to understand what want to tell with the above.

For me the above two sentences sounds like:

Tomorrow will be a sunny day.
Good, by the wife of the friend of my friend and her neighbor have already eat one apple and the bread.

So if you find connection in my sentences I can tell that I am unable to follow your intelligence used in your two above sentences.

Can you explain the logic and the meaning of everything asked by me at the above points analytically, exactly and fully as I do with my thoughts and my expressions? Or with your thoughts or sentences?
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December 28, 2015, 04:15:50 PM
 #27

Sometimes if I do not care about the transaction fee, as long as it does not exceed 0.0001 it does not matter, as long as the transaction quickly and safely  Smiley

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mda (OP)
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December 28, 2015, 04:39:34 PM
 #28

So now they are hiring camel herders to pollute bitcointalk.org, funny.
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December 28, 2015, 05:54:57 PM
 #29

Please forget everything you know about "consumer price index", and change the software which gives you this totally useless piece of information. You don't need to know what "consumer price index" is or do to use BTC successfully. All you need to know is that transaction fees are below 10 cents.

Interested in tips for perpetual traveling, nomadic lifestyle, and tax optimization? Subscribe to my Telegram channel.
n2004al
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December 29, 2015, 02:34:23 PM
 #30

So now they are hiring camel herders to pollute bitcointalk.org, funny.

The only thing that I feel about you is sorrow and compassion. A being unable to write more than 4 sentences each of which have not more than 4-5 words connected with each other without any kind of logic have the courage to make irony. But with who? With himself? Have meaning to do so seeing its posts and compare those with the second sentence of this post. It is not so. Have not such courage. So remain to use its unique and intelligent writing and thinking way of expression to insult the others. Only him know who are because there are not precise mentions. Only insults. Another sign of big courage. Anyhow something has achieved. Doing to the hypothetical one insulted by him a big damage. An irreparable one. The obligation to make a light smile seeing by whom is attacked.
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