Idea to avoid high fee

[LeGaulois]

There is a way to transfer any crypto cyrrency to someone else without paying anything and bypass the blockchain all together.
I have address 1/ wallet with 10 BTC or 5 or 1 BTC in it (you can move amounts to get to a amount that is exacly what you want to send to someone else)
For example Say I have 11 BTC's in a wallet or address and I only want to pay my brother 10 BTC for his car I transfer 1 BTC to another wallet or address I own send or give him the address or wallet with the 10 BTC's in with the password so he becomes the new owner of the wallet or address. The actual 10 BTCs never moved anywhere the only thing that changed is the ownership of the 10 BTCs.
With alot of brainstorming by core developers the BTC ecosystem can change completely. Emagine all 21 million BTC has been mined and spread all over the world (decentralised as one big pool) If they were all broken up in sets of 100's 50's 20's 10's 5's 1's 0.01's etc BTC's So if I own (like money) 1 set of 10's BTC and 2 sets of 1's I can store it in a address of 12BTC and give you the whole wallet/address with passwords etc and you do whatever you want with that wallet (1st thing is to change the password. I can give ownership over physycally too in return for your TV etc. Need alot of brain storming though.

If you mean 2 different addresses from same wallet,then the person having private key will own both address.If you mean two different wallets,then you still have to pay fee

No he wanted to mean 2 differents wallets and yes he still needs to pay the fees. In ocurrence for the transaction of sending the 1 BTC to the other wallet he owns. Reading all the replies make me think about the internationnal companies trying to cheat the taxs income for paying less, by hidding some millions here and there in different countries under different companies entities

[aardvark15]

If you convert of an altcoin on an exchange, that exchange will charge a fee for you and another fee for the recipient when he/she converts back. I guess it depends on how much all those fees add up to be and if it is still profitable.

[positivezero]

A lot of people complain about increasing transaction fee of bitcoin and some even consider to postpone their transaction to avoid these fees.
What about we always convert btc to some other Altcoin before sending and recipient can convert it back to btc as per is convenience?
We can do it for smaller amount of transactions as paying high fee for them is not feasible.
This will also reduce the network congestion to some large extent as most of these transactions are usually of smaller amount.
What is your opinion?

So am I. I also avoid to make some transactions because of higher fees. Maybe some ways to avoid high fees is that converting bitcoin to altcoin as you've said but i think this is not easy and convenient to use.

In my opinion also, just dont mind the higher fees as long as we can bitcoin is an easy way even how high the fees is. Or if we want to have no deduction or fees, then i will just keep my bitcoin safe

[indiangrad]

What your discussing been around since Peercoin was built. People were trying to get more Bitcoin exposure while having another digital currency get some promotion as well. Digital Payments are the main thing in this niche, that is why most of the Altcoins are getting known from news websites and the such.

Bitcoin transactions could have a highspeed if there was a third-party payment processor to sort of loan money for Bitcoins so the sender could immediately recieve the money.

This sounds interesting. In fact, banks in india do something similar for their instant payment system IMPS. But this would lead to increased centralization I guess...

[pooya87]

if we wanted to use an altcoin and if we could use an altcoin the way we are using bitcoin then we wouldn't have hesitated one second. but the problem is that altcoins have numerous problems that you don't see until you use them.
one of the problems that i actually had today because i was doing some arbitrage trading is the number of confirmation these altcoins require. when you are left waiting an hour for 60+ confirmation and no block is found on that altcoin chain you come back crying to bitcoin

[numismatist]

If you convert of an altcoin on an exchange, that exchange will charge a fee for you and another fee for the recipient when he/she converts back. I guess it depends on how much all those fees add up to be and if it is still profitable.

The idea was born dead. If an altcoin is needed there is that opposite implication - the original seems to be unneeded. That leaves it behind as a collector's token.

[Rude Boy]

The fees for Bitcoin transactions are equal or bigger than those for bank transactions, that means that there is enough demand for Bitcoin transactions for those fees to be being paid. That would mean that Bitcoin is succeeding magnificently, the exact opposite of collapsing.
It's like seeing a restaurant that's always crowded (fully-packed), and asking "Is that restaurant about to go out of business? It's too crowded to keep operating!" In actuality, the restaurant is prospering, not on the brink of bankruptcy.
In other words, if you begin with the assumption that fees in Bitcoin are super-high, you are implicitly assuming that there is super-high demand for bitcoins, i.e. that Bitcoin is doing super-well.

[coynedterm]

A lot of people complain about increasing transaction fee of bitcoin and some even consider to postpone their transaction to avoid these fees.
What about we always convert btc to some other Altcoin before sending and recipient can convert it back to btc as per is convenience?
We can do it for smaller amount of transactions as paying high fee for them is not feasible.
This will also reduce the network congestion to some large extent as most of these transactions are usually of smaller amount.
What is your opinion?

I think here we need to pay the suitable amount of fee that is needed to get speed confirmation because the fee is not only incease for our loss but it is helping to the bitcoin network and this will improve the bitcoin future and technology .
So i will say just pay the suitablle fee . But if you want pay low fee then keep in your mind that you don't need speed confirmations .

[dodgecharger]

The fees for Bitcoin transactions are equal or bigger than those for bank transactions, that means that there is enough demand for Bitcoin transactions for those fees to be being paid. That would mean that Bitcoin is succeeding magnificently, the exact opposite of collapsing.
It's like seeing a restaurant that's always crowded (fully-packed), and asking "Is that restaurant about to go out of business? It's too crowded to keep operating!" In actuality, the restaurant is prospering, not on the brink of bankruptcy.
In other words, if you begin with the assumption that fees in Bitcoin are super-high, you are implicitly assuming that there is super-high demand for bitcoins, i.e. that Bitcoin is doing super-well.

Yes, you are right.  In such a situation users were waiting hours for transactions getting included in a block before the purchased products got delivery. what will they think about? If I were him, I would switch to other payment method.

[ASHLIUSZ]

The fees for Bitcoin transactions are equal or bigger than those for bank transactions, that means that there is enough demand for Bitcoin transactions for those fees to be being paid. That would mean that Bitcoin is succeeding magnificently, the exact opposite of collapsing.
It's like seeing a restaurant that's always crowded (fully-packed), and asking "Is that restaurant about to go out of business? It's too crowded to keep operating!" In actuality, the restaurant is prospering, not on the brink of bankruptcy.
In other words, if you begin with the assumption that fees in Bitcoin are super-high, you are implicitly assuming that there is super-high demand for bitcoins, i.e. that Bitcoin is doing super-well.

Yes, you are right.  In such a situation users were waiting hours for transactions getting included in a block before the purchased products got delivery. what will they think about? If I were him, I would switch to other payment method.

Ethereum has been gaining price as well the capital has increased much in a short. In the same situation bitcoin faced the confirmation delay but with with the confirmation time has got reduced within 20seconds time. In future the same need to take place with bitcoin for more merchant accept bitcoin.

[Amph]

If you convert of an altcoin on an exchange, that exchange will charge a fee for you and another fee for the recipient when he/she converts back. I guess it depends on how much all those fees add up to be and if it is still profitable.

i guess bitcoin subchain would work better in this case, and would not require additional fee, too bad the idea of subchain seems to be forgotten enterely, as i have not heard anything anymore about it

also subchain would have avoided hard forking or soft forking and added a security to zero confirmation transaction, but i guess miners were not in agreement with this too...