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Author Topic: $8 fee? for a $73 transaction? Really what the fuc is going on?  (Read 3188 times)
matrix zion
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June 13, 2017, 01:46:22 PM
 #41

Guess what: Nobody cares. Bitcoin does not care about your emotions, and neither does anyone educated care about your useless ranting. You are in absolutely no position to make any kind of demands. You are free to go somewhere else.

No that's sure.
But as for everything concerning BTC, HIS opinion has no importance but the opinion of the broad majority is important.
And as far as I can see (which is probably not really far of course), there is a constant rise of protest againstthe cost of using the network. There is an urge of demand and I'm a bit afraid about the possible false solution that could be brought by a popular movement led more by emotions than by technical knowledge...

The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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June 13, 2017, 02:10:11 PM
 #42

Wait for the money to accumulate in your wallet (if you continue to earn), wait for the network to have better times, this kind of issues may get solved at some point (SegWit, politics, name it).
Part of the problem to the congestion is that plenty of services use Bitcoin very inefficiently. Instead of spamming with $1 or lower transactions repeatedly, they should aggregate them into bigger ones and make payments less frequent. This reminds me of some signature campaigns that had daily payments.

Yep, I've had this in mining for some altcoins and I think that's still an issue now with faucets.
That's why part of my solution is to accumulate that money directly in the place you want to spend them. I am not great in organizing my ideas, but it's there.

Meanwhile optimizing the transfers is the only solution I know of. If you earn Bitcoin, try to get them sent directly/automatically to the places you want to spend them (exchanges?). Also try to avoid sending them every week if you don't have to and you know that next week more money will come into that wallet.

Of course, this is not a solution for the "big bucks", but the problem is the small inputs...




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June 13, 2017, 02:21:21 PM
 #43

The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?


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June 13, 2017, 02:29:44 PM
 #44

The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?
Fee would still be the same no matter how big would be the amount you would transfer.As seen on the image theres a customize fee link or button there which he can anytime adjust the fees if hes not willing to pay up that $8 for high-priority transaction.It really ridiculous to pay that fee,if your not in a hurry then better choose the lowest one but expect it would really confirm very slow.

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June 13, 2017, 02:42:18 PM
 #45

I am not in a hurry for a payment.
I did not make the payment yet. I Refuse to pay this kind of fee.
Pay it. Don't wait.  The longer you wait, the higher the fee.  It has been going like that for a few years now.  The fee will be $25 soon.  This is the way Blockstream wants it.  That way, you'll want to use their network service which will only have a small fee!  lolololol.  Hahahaha.  Get it?!  Adam Back wants to capture all the fee traffic!!! 

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June 13, 2017, 03:02:04 PM
 #46

One of the reasons why Ethereum is on the rise Smiley
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June 13, 2017, 04:04:23 PM
 #47

One of the reasons why Ethereum is on the rise Smiley

WRONG! Ethereum is on the rise because people are ignoring the indicators that it is a huge Ponzi Scheme. The greed is blinding their logical

decision making processes. Ethereum has not even reached the scaling challenges that Bitcoin has faced before. OP, has to pay that kind of fees,

because he admitted that he used faucets and flooded his Bitcoin address with "Dust" transactions. {No. Transactions 255}

Stop promoting a Ponzi Scheme {Ethereum} please, people are going to lose a shitload of money when the SEC starts their investigations.  Angry

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June 14, 2017, 05:42:12 AM
 #48

But as for everything concerning BTC, HIS opinion has no importance but the opinion of the broad majority is important.
Even that I can disagree with. Uneducated folk my flock to the centralized mETH, but that will only lead to it having high fees as well. Maybe they shall realize their error then or once they lose money.

Yep, I've had this in mining for some altcoins and I think that's still an issue now with faucets.
That's why part of my solution is to accumulate that money directly in the place you want to spend them. I am not great in organizing my ideas, but it's there.
The problem with that isn't only the block size spam. This often creates a lot of unnecessary UTXO or UTXO that can't be spent anyways (which in turn also affects scaling).

One of the reasons why Ethereum is on the rise..
Absolute bullshit. The reason why ETH is rising is the MLM ICO setup that is used to artificially constraint the supply. As it stands now, probably less than 10% of mETH is liquid.

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June 14, 2017, 05:50:28 AM
 #49

Well bitcoin's price is going high and so is the fee. If you're not really in a rush choose the transaction with a lower fee. Smiley
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June 14, 2017, 07:04:24 AM
 #50

probably because the size of that transaction is very large, if they don;t put a higher fee for them they might have to face a lower priority to get them confirmed.
Well bitcoin's price is going high and so is the fee. If you're not really in a rush choose the transaction with a lower fee. Smiley
yup, or choose the popular altcoins so you don't get your bitcoin or any fiat equivalent stuck in those transactions; as they are not yet high volume in the flow, fees then lower.

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June 14, 2017, 08:07:15 AM
 #51

This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.


For small transaction any under a couple of 100 your better off using altcoins now bud way cheaper to transfer funds .Litecoin is a good alternative since it use many places bitcoin is used

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magneto
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June 14, 2017, 08:18:30 AM
 #52

I don't think that you realize that bitcoin is still quite cheap. For an $8 fee you are getting a decentralized framework that runs smoothly and instantly, fund clearance within minutes, and the other party can spend the funds as soon as you send it. It is particularly useful for sending money overseas.

Go to https://www.westernunion.com/au/en/send-money-internationally.html and see for yourself, a standard transaction at Western Union cost $5, and this is not including forex fees(obviously, WU's rates are not interbank rates, therefore is crappy).

Furthermore, a wire transfer fee of $25 has to be paid for your recipient to receive the amount at the bank. This whilst waiting 1-2 days for processing. If you don't want to pay this, sure. There is a free option of having a cheque delivered to your recipient, although this would take you FIFTEEN DAYS.

If you don't like bitcoin, like Lauda said, don't use it.
HongKong
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June 14, 2017, 09:36:23 PM
 #53

If you're not in a hurry, you could simply choose a lower fee.
This is holly truth! The value of the fee that they suggested to you is impossibly high! This wallets are just going crazy, but I am sure there are people who pay such fees. Maybe to organise my own BTC wallet with normal fee amount!? Roll Eyes
Having a really high fee for Bitcoin is just something that is frowned upon in the Crypto area since the people that can wait for their Bitcoin transaction to receive a confirmation only have to wait around 24 hours for the other person to get their coins. A $0.60 transaction fee could get the transaction confirmed successfully if the transaction is accelerated properly.

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Clark05
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June 14, 2017, 09:44:34 PM
 #54

Im very sad today because the fee as of now is very high compared to the last few years. I hope the fees will come back again . Before the transaction fee is 0.0002 only but now its very bign 8 dollars is big transaction fee but if you have choice to lower your fee lower it. What kind of wallet you use because if you use wallet like coinbase the transaction fee is depends on how much you send.
Shenzou
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June 14, 2017, 09:59:38 PM
 #55

i think that its our fault, because we as bitcoin users have falled to the trap of the miners, they started getting greedt as soon as bitcoin started to skyrocket and they asked for more and we gave thel what they wanted, so they kept asking for more and more and they will not stop so lang as poeple keep giving them what they want, we have to make actions now while we still can otherwise we will see immense consequences when it comes to transaction fees
KeyGenKing (OP)
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June 15, 2017, 11:10:38 AM
 #56

Kinda funny situation here,

a few people advice to use other coins ( they don't trust Bitcoin anymore )
Miners asking higher fee's for what? Cuz they get greedy as fuck.
Others say just pick another moment to send the Bitcoin.

Others tell me to shut up and deal with it.
Is this how to use bitcoin? Just take it or leave it?

I can send money on a cheaper way as with Bitcoin.

Quote
Bitcoin increases system efficiency and enables the provision of financial services at a drastically lower cost, giving users more power and freedom.

Well, not anymore right?
If i read what you some of you tells here, we will pay a lot more in a year? Why?
Doesn't this mean Bitcoin isn't a great coin at all? The blockchain is a great system for sure.
But things are going wrong when i need to pay $8.87.

No way i can complian about it.
Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
But because this is Bitcoin i should accept this? Doesn't make any sense at all.

If your answer is yes, i don't think you understand my point here Lauda.

PS,
Oh and I can't help it my grammar not so good.
Lauda
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June 15, 2017, 01:20:54 PM
 #57

a few people advice to use other coins ( they don't trust Bitcoin anymore )
There is no such thing as "trust" with Bitcoin. Those people are idiots.

Miners asking higher fee's for what? Cuz they get greedy as fuck.
No, they are not. You have not read my post.

I can send money on a cheaper way as with Bitcoin.
Want me to start ScamCoin, so you can transact on ScamCoin for 0 fees? Security & decentralization. Learn it.

But things are going wrong when i need to pay $8.87.
No.

Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
You most certainly do not understand Bitcoin. Stop posting bullshit and whining. Either you are genuinely uneducated or you are deliberately creating a nest for spammers to post more bullshit.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
cellard
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June 15, 2017, 01:25:24 PM
 #58

One of the reasons why Ethereum is on the rise Smiley

WRONG! Ethereum is on the rise because people are ignoring the indicators that it is a huge Ponzi Scheme. The greed is blinding their logical

decision making processes. Ethereum has not even reached the scaling challenges that Bitcoin has faced before. OP, has to pay that kind of fees,

because he admitted that he used faucets and flooded his Bitcoin address with "Dust" transactions. {No. Transactions 255}

Stop promoting a Ponzi Scheme {Ethereum} please, people are going to lose a shitload of money when the SEC starts their investigations.  Angry

Apparently I've read Vitalik Buterin and other main devs may be in danger of jail time because of selling illegal securities (this adds to all ICO's too apparently). If Vitalik makes ties with Putin, then the US government will go even harder against him because they hate anything that is pro-russian. Honestly not looking good long term. But medium term ETH is still probably a good investment because reality will kick in with delay as always.
spatifilium
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June 15, 2017, 01:37:24 PM
 #59

This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Why simply do not use another currency for transactions like DOGE
molsewid
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June 15, 2017, 02:16:59 PM
 #60

Bitcoin is having very big transaction fee nowadays but when bitcoin price become into normal i think the fee will be less too like the old ones and they need the fees to keep the blockchain alive and that fee they gonna use it for to support it self. Like they gonna support the company and those needs.
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