nanonymousx
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April 12, 2016, 05:16:32 AM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
Can the receiver refuse to accept the coin, hence avoid the fee? I think this is also needed to be implemented.
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Wendigo
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April 12, 2016, 05:25:37 AM |
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I haven't heard of a Bitcoin wallet refusing to accept the coin and sending it back unless done manually by the owner in which case he will need to pay fees in order to return it. But in any case the sender is the person who is paying all the fees not the receiver. Actually come to think of it, what if you are buying a coffee every day and using Bitcoin for that and you are basically paying more due to the fees so this could be considered a tip to the coffee shop but what if you don't want to give them extra money even if it's a small amount at the end of the week or a month it could add up to a couple of dollars no?
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Kakmakr
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April 12, 2016, 05:28:40 AM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
Can the receiver refuse to accept the coin, hence avoid the fee? I think this is also needed to be implemented. Good point, because Bitcoin transactions is not reversible, but this can be determined before the transaction is send. Something similar to the telephone system, where the exchange asks the receiver, if he will accept the charges and only after a confirmation is received, he will forward or allow the call. { In this case the transaction } They can then add this burden to the miners to get this acknowledgement and pay them a extra fee on top of the miners reward. This will make up for the Halving, where the reward is decreased and they would be making less money.
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mkc
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April 13, 2016, 05:47:32 AM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
Can the receiver refuse to accept the coin, hence avoid the fee? I think this is also needed to be implemented. Good point, because Bitcoin transactions is not reversible, but this can be determined before the transaction is send. Something similar to the telephone system, where the exchange asks the receiver, if he will accept the charges and only after a confirmation is received, he will forward or allow the call. { In this case the transaction } They can then add this burden to the miners to get this acknowledgement and pay them a extra fee on top of the miners reward. This will make up for the Halving, where the reward is decreased and they would be making less money. I think it is fair sender pay the fee. Because higher fee will have faster delivery time, when receiver got it, the delivery process has finished.
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NorrisK
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April 13, 2016, 06:22:40 AM |
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As long as the fees remain so small like they are now I deffinately don't see a real need for this..
Also, it is part of the bitcoin network. You promise to send someone a certain amount of bitcoin, and you pay the fee for using the service of the blockchain.
You are not going around and asking buyers of your products to pay part of your bank fees as well right? I mean, like a cent to cover the monthly fee of having an account at the bank (that in turn handles your transactions, which makes it almost the same as the miners and their fees).
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Yipdard
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May 23, 2016, 09:55:37 PM |
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No, I don't think that the receiver can pay the fee of the transaction.
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Dabs
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May 24, 2016, 02:51:02 AM |
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In some parts of the world, the "sender" pays a transaction fee of $0.25 USD to use a debit card or credit card.
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Bitcoinpro
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May 24, 2016, 03:09:44 AM |
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the fee is what gets the transaction confirmed their is no way around it
besides sweeping from a second wallet the reciever could provide
to cover their payments
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pocarime32
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May 24, 2016, 04:07:53 AM |
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Actually it's a good idea though. I mean, maybe someday blockchain have a option that we can choose who will pays the fee, the receiver or the sender.
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MingLee
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May 24, 2016, 04:26:37 AM |
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That sounds like a good idea technically speaking, but I don't think it is technically possible because of the protocol, and the various security risks that could emerge from such a concept being added.
For example, you can't really take a fee from a receiving wallet without putting it in its own transaction, at least to my knowledge. And what happens if someone screws up the required transaction fee, like some of the transactions with x00BTC fees...?
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Doms
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May 24, 2016, 04:39:53 AM |
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I never thought about it before this was mentioned. It's actually a good idea, much like the idea of collect call, if you are familiar with it. Maybe the developers of blockchain has already considered it in the past but they didn't find it such a good idea because of the way it works or the limitations associated with it.
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CoinSiteDesigner
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May 24, 2016, 04:48:00 AM |
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Well, that's not possible with the bitcoin, unless you wish to deal that with the person you're sending. Just telling him you'll send him BTC including the fee and the problem is solved 
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Bitcoinpro
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May 24, 2016, 05:45:15 AM |
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I never thought about it before this was mentioned. It's actually a good idea, much like the idea of collect call, if you are familiar with it. Maybe the developers of blockchain has already considered it in the past but they didn't find it such a good idea because of the way it works or the limitations associated with it.
a collect call but u still have BTC to spend 
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ShowOff
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May 24, 2016, 08:15:58 AM |
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Well, that's not possible with the bitcoin, unless you wish to deal that with the person you're sending. Just telling him you'll send him BTC including the fee and the problem is solved  you're right , it's easy just deal with buyer if he want to pay the fees , we only need to send bitcoin that we will send already reduced to pay the fee
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