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Author Topic: Fees aren't killing Bitcoin, FUD is!  (Read 426 times)
BitcoinBarrel (OP)
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March 24, 2017, 09:26:31 PM
Last edit: March 24, 2017, 09:48:15 PM by BitcoinBarrel
 #1

Quote
Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction.
source: https://en.bitcoin.it/wiki/Transaction_fees

If people stopped selling their BTC, stopped supporting Alt-coins masked as Bitcoin, and HODLed....

The price would skyrocket, and Miners would be incentivized to get that Block Reward.

Then you could include a very small fee like 0.00001 because it might be worth $1



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Velkro
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March 24, 2017, 09:32:10 PM
 #2

Quote
Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction.
source: https://en.bitcoin.it/wiki/Transaction_fees

If people stopped selling their BTC, stopped supporting Alt-coins masked as Bitcoin, and HODLed....

The price would skyrocket, and Miners would be incentivized to get that Block Reward.

Then could could include a very small fee like 0.00001 because it might be worth $1
This is no perfect world my brother. There are villans in bitcoin world also. Because of that we have current price drop and many many price drops before were also caused by evil deeds of evil people.
Bitcoin will survive that im sure, but how crippled?
Yakamoto
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March 24, 2017, 09:37:08 PM
 #3

Quote
Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction.
source: https://en.bitcoin.it/wiki/Transaction_fees

If people stopped selling their BTC, stopped supporting Alt-coins masked as Bitcoin, and HODLed....

The price would skyrocket, and Miners would be incentivized to get that Block Reward.

Then could could include a very small fee like 0.00001 because it might be worth $1
You are absolutely correct, however the thing is that we have to consider the psychological aspects of all of this, and the fact that Bitcoin is so unregulated and easily traded makes it a perfect target for whales to manipulate and move a ton of money back and forth to make money off of. If everyone was like you and I (presumably), then something like this might be possible.

For now, not enough people will treat Bitcoin like something like gold and we'll see it exploited for a while longer.
mindrust
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March 24, 2017, 09:39:02 PM
 #4

Don't worry they are just creating opportunities for us to buy more.

Which alt coin is going to succeed bitcoin? Is it m-ethereum? Which has a shit name from the start and got hacked big time. (and forked) I don't even understand how it is still alive.

Is it DASH? Which is premined and instamined both and nothing more than a pump&dump scam coin owned by manipulative scammers?

Is it BTU? Owned by a terrorist which has no idea what bitcoin is about and constantly funding miners to spam the blockchain?

They'll all die and bitcoin will be standing strong.

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