How much fee for a $2 Coffee transaction at the end of this Aug month?

[BitcoinHodler]

i don't see anyone asking this so i will:
why do you want to buy coffee with bitcoin?

and more importantly, have you ever bought coffee with bitcoin before?
i mean the fees were pretty low last year, you could even send them for free and get a confirmation fast. were you (or anyone else) buying coffee with bitcoin?

to be honest this sounds more like one of those things that says "i will never use this in my life but i want to have the option".

[1715342016]

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[audaciousbeing]

I don't think the fees will eventually outweigh the amount transferred and even with all the fees that we have seen here and there, in terms of increment on the high side, there have been some micro payments in the area of daily twitter payments around here which I am sure if the fee outweigh the amount being transferred there would probably nothing of such. Also, the highest I have seen before August 1 was like 2% of the amount to be transferred which can be applied downwards in proportion to the amount in consideration which we believe Segwit will do more in correcting.

[aleksej996]

I mean after segwit is activated of course.

Also how does this fee compares to bitcoin cash fee? Which will be cheaper to the consumer?

Also if bitcoins are worth $millions in the future and 1 satoshi equals $1 then how do you buy 50cents gum/candy? Or does bitcoin anticipate that in the future fiat inflation is norm meaning cents pricing will be gone in the future.

Since Segwit was activated, it is quite obvious that transaction fees have been lowered, and I am now saving a dollar or 2 every transaction I make, which eventually adds up, especially if you make a lot of smaller transactions. Have made 5 transactions after Segwit has been activated and saved like 7$ in transaction fees. Nice!
 
Don’t compare transaction fees of Bitcoin cash and Bitcoin, they are totally different things and Bitcoin is way more congested, therefore the fees should be higher. Barely anyone uses Bitcoin cash, so that is probably why fees are so small.

As i can see here, segwit hasn't activated yet https://bitcoinmagazine.com/articles/point-no-return-segregated-witness-will-lock-bitcoin/
This SF meant that it was locked in, or something like that.
But some users went to BCH, so there might be a lower volume now.

Ironically this split due to scaling debate resulted in two blockchains so now we have more space on it's self. Even if BCH didn't increase it's block size, it would probably not run out of space for a long time, since now it needs as much as users as Bitcoin did before the split to fill those blocks up to the 1 mb.

[stompix]

i don't see anyone asking this so i will:
why do you want to buy coffee with bitcoin?

Coz bitcoin is money and I want to be able to spend my money on what I want when I want where I want
What's the purpose of having cash for small shops spending, virtual cash (cc) over internet and bitcoin when the fees are 1% of the total sum?

Most would want to be able to use BTC for all without having to pay and extra fee to the bankers miners.

[aoluain]

I mean after segwit is activated of course.

Also how does this fee compares to bitcoin cash fee? Which will be cheaper to the consumer?

Also if bitcoins are worth $millions in the future and 1 satoshi equals $1 then how do you buy 50cents gum/candy? Or does bitcoin anticipate that in the future fiat inflation is norm meaning cents pricing will be gone in the future.

In my very simple language I have read here a few times that
Bitcoin is not going to be used for such small transactions
instead it is used and will be used to move larger volumes.

I dont have any further explanations on this and maybe I
took a different meaning to other posts elsewhere?

[jtipt]

Currently:
On BSegwit chain around $1.1
On BCash chain around $0.15

So draw your own conclusion

Is that the transaction fees to move $2 worth of coins in Bitcoin and BitcoinCash? But I moved $30 worth of BTC a few days ago and it cost me around $0.21 in fees.

Yeah exactly that's what I was wondering, but it is correct, a 2$ tx of 1 input would be approximately 200-300bytes and at standard rate of even 100sat/byte it comes to around $0.8~$1 fees. I am expecting some better fees after segwit, but let's see.

[Proton2233]

I mean after segwit is activated of course.

Also how does this fee compares to bitcoin cash fee? Which will be cheaper to the consumer?

Also if bitcoins are worth $millions in the future and 1 satoshi equals $1 then how do you buy 50cents gum/candy? Or does bitcoin anticipate that in the future fiat inflation is norm meaning cents pricing will be gone in the future.

In my very simple language I have read here a few times that
Bitcoin is not going to be used for such small transactions
instead it is used and will be used to move larger volumes.

I dont have any further explanations on this and maybe I
took a different meaning to other posts elsewhere?

Bitcoin will have to solve the problem of small transactions in the future. Now the miners mined coins and earn for the transactions, but when all the coins are mined they can only live by transactions. Without the development of trade is not realistic. I think the price of the transaction will decline.

[d1ceplayer]

I mean after segwit is activated of course.

Also how does this fee compares to bitcoin cash fee? Which will be cheaper to the consumer?

Also if bitcoins are worth $millions in the future and 1 satoshi equals $1 then how do you buy 50cents gum/candy? Or does bitcoin anticipate that in the future fiat inflation is norm meaning cents pricing will be gone in the future.

Eehm…I saw a thread by the forum moderators saying that SegWit didn’t take place anymore. So, I don’t really think there will be any additional fees to the price of coffee this August. But according to the post, SegWit might take place anytime, another post claimed it will be in three months which is November.

[xskl0]

In that case yoi should use bitcoin cash

[fasdorcas]

I mean after segwit is activated of course.

Also how does this fee compares to bitcoin cash fee? Which will be cheaper to the consumer?

Also if bitcoins are worth $millions in the future and 1 satoshi equals $1 then how do you buy 50cents gum/candy? Or does bitcoin anticipate that in the future fiat inflation is norm meaning cents pricing will be gone in the future.

Eehm…did someone just comment the price for BSegWit chain around end of August would be around $1.1? I made a “high priority” transaction on 7th, and it seems like I was charged close to $2. Well, I’m still okay with it, but it better not go higher than that. Note, I didn’t say I was charged $2, I said it seems like it was close to $2, after I checked remaining balance. Don’t forget I said “High Priority”.

[xplorer79]

2$ coffee is way too expensive already (in France it is ~1.50€, and IMO it's expensive). But if fee could stay under the 20.6% we pay already for a coffee, it would be nice  

[NorrisK]

Bitcoin is not meant for microtransactions anymore.

Times have changed and people should imo forget the idea that these micropayments will be happening on the main chain.

[jakelyson]

Segwit will trim down the transaction size so that we can fit more transactions to a block. In effect, it will hasten transaction confirmation and lower the fee. But I still do not know how low the fees per byte will get. And fees is dependent on the size, not on value. So your 2$ coffee can have different fees depending on how many inputs you have.

[Pettuh4]

2$ coffee is way too expensive already (in France it is ~1.50€, and IMO it's expensive). But if fee could stay under the 20.6% we pay already for a coffee, it would be nice  

Yes, I agree with you and if there was a way to reduce fees or perhaps if the merchants could use online wallets like coinbase which you can send transactions from another coinbase wallet to it for free using an email instead of the Bitcoin address because they are done off chain.