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Author Topic: Can someone please explain how "transaction fees" work?  (Read 281 times)
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April 09, 2013, 08:06:38 PM

Nothing I've read is clear. As a miner, what's to prevent someone from setting the fee to 99999999BTC?

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April 09, 2013, 08:09:13 PM

Just that no one would pay that. think of transaction as a free market, miners can set the price but only if people are willing to pay it. Look at the 210,000 block that is when the reward first halved so people wanted to be in that block so they set fees very high like 13 bitcoins so make sure.

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