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Author Topic: I say it again: REDUCE THE FEES!  (Read 5974 times)
mai77
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April 05, 2013, 08:42:53 AM
 #81


in bitcoin clients you can set an ADDITIONAL fee to pay.

if you set it to zero, you still must pay transaction fees.

unless you use a modified client or sth.
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April 05, 2013, 09:48:29 AM
 #82


in bitcoin clients you can set an ADDITIONAL fee to pay.

if you set it to zero, you still must pay transaction fees.

unless you use a modified client or sth.

I use the modified client below to send and receive payments all the time with absolutely no fee.  Grin

No Fee Client (TOR users beware/client should not be used by drug addicts or illegal porn collectors)

blablahblah
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April 05, 2013, 09:49:56 AM
 #83


in bitcoin clients you can set an ADDITIONAL fee to pay.

if you set it to zero, you still must pay transaction fees.

unless you use a modified client or sth.

So what you really want is a sort of "jail-broken" version of the Satoshi client without all the locked-down crap that the non-open-source-believing developers are too scared for you to touch? Grin
mai77
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April 05, 2013, 12:53:47 PM
 #84

no.

I want ca. 30% of the network supporting  "bitcoin free transaction relay policy"

that may be slightly slower, but still work fine.
mai77
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April 05, 2013, 01:03:34 PM
 #85

well in 2012 a fee of 0.0005 BTC was quite acceptable
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April 05, 2013, 04:11:03 PM
 #86

Nothing is free

Moving a miniscule bit of data from one column to another should be so cheap that it may as well be free for most practical purposes. You'd have to cock your decentralized payment system up unbelievably badly to need to charge anything like what most of the conventional online payment systems do.

If we're going to make Bitcoin expensive it'll be a matter of time until someone does it properly and takes most of the transaction business. Good luck maintaining the value of your electronic gold when that happens.
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April 05, 2013, 04:19:02 PM
 #87

Start sending 0.00005 fees now (that is 0.00696 USD).
If too many people start doing this miners will start accepting this fee as a standar.

I have already done it, start lowering your fees and pools will start accepting this transactions.
mai77
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April 06, 2013, 12:19:29 AM
 #88

that is basically the way to go
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April 06, 2013, 12:59:50 AM
 #89

Today on a $1.49 order from my store, the customer could be paying a 7 cent fee.  This is a FAR better deal then Paypal or Dwolla but as fees have not changed it is now a real percentage of the order cost.  

NOTHING in wide use in the real world competes with Bitcoin but here there is an impediment to micro-transactions.  Is that important for Bitcoin?  Do we want to ration space or cast a wider net and find new applications?  These are issues that need to be decided.  

I would like to see a smaller fee for smaller transactions with coins older then a month but right now all anyone has to do is use a client that allows no fees and wait for it.  Unless the coins are really new should move.  

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April 06, 2013, 01:24:32 AM
 #90

There is no good reason for fees in the long run. Sure, a x10 bigger currency needs x10 security so halfing the block reward is counter-productive but still we will be out of reach of any attacker soon and that's the only purpose of mining after all. If that's paid for, any further fees just slow down business in the bitcoin economy.

(I vote for proof of stake and no mandatory fees never ever. May the miners decide how to fill their 1MB or 10MB per block later on based on coin age and - yes - fees.)

Bitcoinm
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April 06, 2013, 02:31:54 AM
 #91

Every fee you pay is completely optional.  If I am determined for a transaction to go through in a timely manner, I will pay the recommended .0005btc fee, but otherwise, I'm not paying anything.
mai77
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April 06, 2013, 03:03:55 AM
 #92

that's wrong. fees are coded into bitcoin.
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April 06, 2013, 04:39:42 AM
 #93


Moving a miniscule bit of data from one column to another should be so cheap that it may as well be free for most practical purposes. You'd have to cock your decentralized payment system up unbelievably badly to need to charge anything like what most of the conventional online payment systems do.

That's true if you don't care about security. But if you want that miniscule bit of data to be secure, there is a real cost to achieving that security.

Buy & Hold
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April 06, 2013, 06:48:28 AM
 #94


Moving a miniscule bit of data from one column to another should be so cheap that it may as well be free for most practical purposes. You'd have to cock your decentralized payment system up unbelievably badly to need to charge anything like what most of the conventional online payment systems do.

That's true if you don't care about security. But if you want that miniscule bit of data to be secure, there is a real cost to achieving that security.

The question is, is the cost of securing a transaction realy that high.
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