Is bitcoin transaction fees fair?

[rindo]

The clash of Bitcoin Core x Bitcoin Cash still brings reflections on the network. According to blockchain.info, the Bitcoin network registers more than 90,000 pending transactions. Although high, the number shows a tendency of normalization in the network, since at the weekend the numbers reached more than 140 thousand pending transactions.

After the cancellation of the SegWit2x hard fork there was an expectation that the more serious problems of the network were - at least temporarily - overcome. But that was not what happened, as part of the fork's supporters began to adopt a kind of plan B: Bitcoin Cash.
In a few days, much of the Core's mining power was redirected to Cash, which came after a fork in August. This contributed to Bitcoin Cash's expressive high, and Bitcoin's downfall (Cash was traded at $ 2,500, while Bitcoin fell from $ 7,800 to $ 5,500 over the weekend, November 11 and 12 ).

[tientien333]

Bitcoin trading is fair, it's unfair because it's a very long time and costs a lot

[Ashishsaha]

It may be logical, but I will not say it fair. Because if you want to deal fast in any case you must pay some fees. And if you have to pay that money you will have to give it to your own hands, because the pocket itself can not give the money. So I think the network will be improved from the past and the transaction will be easier and there will be some advantage.

[shinchan123]

Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.

I think so. For something that is as valuable as bitcoin it should only meet the fair and enough price when it comes to transactions. We have to be thankful that bitcoin's value is high because we are the ones who benefit it. Now, we also need to give credit to the developers and programmers who caters for bitcoin transaction for maintaining it and making it more secure.

[tientien333]

I think the bitcoin fees are getting higher and higher, I think that's unfair, I think this is the biggest obstacle to getting bitcoin into a shipping channel.

[nithin@123]

Every thing has a negative and positive returns.So it is time to focus on the positive than the negative.The BTC price is 9946.23 US Dollar now.It a good news for us.Hope it would break 25000 within days.

[mammoniter]

It's more fair than most payment systems. 

The fact that it's variable and changing based on demand is an indication that there is a real market happening.  It's much easier to have unfair bank fees, because as a client of your bank there is no immediate fee market on every transaction you make.   So it's more likely that any other payment system's fees are resulting in over payment to the bank/processor as they have less competition on their fees.  Or at least less dynamic competition.

Also the fee varies by the size of the transaction means smaller (in bytes) more efficient transactions pay less.  Large transactions does not cost the network more to process so should not be charged more.

Yep despite bitcoin's value and number of users it would be normal for the service providers to charge more depending on their quality but bitcoins fees todays are just reasonable in my opinion. I think fees when using bitcoin would gradually decrease as user increases.

[dianepot]

for me its unfair .. as bitcoin price is getting higher and higher transaction fees also follows ..
as you slowly became rich with bitcoins, developers of exchanges are twice faster .  ;Dit is just my opinion 

[A Feeder]

Yes. Bitcoin transactions are done by miners. They deserve to gain something.

[jawadmehmood]

i think it's fair as bitcoin price increasing day by day.

[skylark001]

Yes. I can’t comment on fair / unfair, but yes, it’s reasonable in current scenario. When the price is gets high by each passing day, then demand is rising and also the transaction volume. If they will charge the same nominal fee as earlier the systems will get jammed because of unnecessary transactions by the holders for small gains or in panic.
 
Some people argue that its unfair or non realistic in comparison to other crypto currencies, but I can say all people have different opinions like I am having my own.

[Snub]

To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.

That is not true when you say about bitcoins because with every transactions it makes harder and longer to calculate next transaction. that means that you have to spend more time and electricity on it, that means more money.
So.... that is fair enought as for me

[Aryadwipanggah]

I think it's fair enough with the bitcoin value is expensive, the existence of the fee that in doing I think is still within reasonable limits

[cexylikepie]

for me its unfair .. as bitcoin price is getting higher and higher transaction fees also follows ..
as you slowly became rich with bitcoins, developers of exchanges are twice faster .  ;Dit is just my opinion 

That is the reason you should stop to use Bitcoin as a currency or payment method currently. Instead, you should use altcoins to help the ecosystem of cryptocurrency become famous and diverse more. It also helps cryptocurrency world can attract more investor.

[ivakar]

I think, that we must not threat bitcoins for everyday use and think of it like currency, but to think of it more like an asset, like gold or oil barrels..
The transfer cost  is really high, especially with high BTC price now,  If you transfer 1000$ and let's say fee is 5$ you pay 0.5% - i'd say that its fine, if you transfer 10000$ with same fee but now it will be 0.05% - and that is fine as well. And if you transfer 10 $ you pay 50% of it and that is not OK. So i think transaction cost for small amount should reconsidered

[rasho321]

1-2$ is a day's worth of work in many many countries of the world. Also there are blockchains with 0 fee and instant confirmation. Bitcoin won't compete with that, certainely not with 1-2$ fee. Then there is this argument that bitcoin is a good store of value. Personnaly I think it's a good store of value so long as it has use cases, if people use other blockchains to transact bitcoin is dead as gold2.0.

[rfj]

I cannot argue if the transaction fee is fair or unfiar but I think it is reasonable. By looking at how the price is moving lately, I can assume that the process transactions is also getting a bigger volume which made the fees reasonable.

[Bambinoe]

Transaction fees are fair but what i have an issue with is the slow process.

[uniquefighter]

Bitcoin trading is fair, it's unfair because it's a very long time and costs a lot

The users have a choice to either pay low but the transaction might get delayed for days but if you pay high of course the transaction will be faster.
Sometimes even if you have paid high to make your transaction faster there are some instances that it might get delayed due to the Bitcoin scaling problem.

[watchbay30]

Bitcoin trading is fair, it's unfair because it's a very long time and costs a lot

No it's not fair IMO, when the market is congested it feels people are cheating their way to get confirmed quicker and then miner making good payout of it clearly welcome. Had payments pending for 3-4 days and micropayments pending for more.. and if I pay the higher fees it will take a good sum from my profit.. Apparently off-chain wallets are the way to go.