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Author Topic: the $100 bitcoin fee  (Read 275 times)
saedasda
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December 15, 2017, 12:18:22 PM
 #21

This is just the beginning, If bitcoin legalize all over the world and people used it for daily use. I think the unconfirmed transaction and fee is too high if that happens.

btcprospecter
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December 15, 2017, 12:19:25 PM
 #22

Yes the fee problem is a massive concern for most with relatively small amounts of bitcoin if it is going to cost nearly half of what you are sending it leads us to the fact that bitcoin could fail on this point alone.

yohan09
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December 15, 2017, 12:30:31 PM
 #23

Oh no, How about the small earners like us, usually we earn token from signature about 200$ dollars per month, so we need to spend our half income to btc, Perhaps they considers small income generators to lessen the value, That's not fair:Sad
Kprawn
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December 15, 2017, 01:27:04 PM
 #24

Currently {and I say this for a reason} ..Miners still hang around, because the Block reward makes Bitcoin mining profitable.

They will leave, if the Block reward decline over time and miners fees alone are not enough to make Bitcoin mining profitable.

We need to generate tx's to increase the miners fees that help to make Bitcoin mining profitable for miners to continue

mining. {Or they will change their mining operation to host Lightning Network hubs}  Huh

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burner2014
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December 15, 2017, 01:34:05 PM
 #25

Oh no, How about the small earners like us, usually we earn token from signature about 200$ dollars per month, so we need to spend our half income to btc, Perhaps they considers small income generators to lessen the value, That's not fair:Sad
That is not really fair but what we can do right? maybe it is just time for us to hold our bitcoin as much as possible. It is a normal thing, we earn bitcoin of the price and the consequence for that is we also put in our shoulder the burden of transaction cost. Let us just think that we are having our business in bitcoin and the transaction cost is our expenses so it is just a normal thing.
AmeSakibimasu
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December 16, 2017, 12:08:07 AM
 #26

It is a little too unfair to have this high transaction fee yet the transaction is still need some time to be confirmed in the blockchain. Many people are complaining about that, especially those people who are only earning small ount of bitcoin and the transaction fee is much bigger than their salary.
no0dlepunk
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December 16, 2017, 02:08:11 AM
 #27

if price and excitement carries on i can really see this becoming a reality next year. what effect would it have? would it drive out everyone but whales? would it drive out whales too if the minnows walked? would big boys take over and keep it for themselves? if that was the case would miners be making so much freaking money they'd no longer care about block size?

right now for its own health possibly the best thing bitcoin could do is crash and scare everyone away for a year or two. that should give enough time and space for businesses to integrate segwit and maybe those second layers will happen as well. by the time people come back it might be ready to accommodate them.

and no core moaning or alt pumping here. let's hear what you think could happen to bitcoin itself and nothing but if this takes place soon.
Here are my thoughts... Bitcoin price is soaring and the big boys (Ver, Wu, McAfee) are enjoying it... Bitcoin attracts people to learn cryptocurrency in a form of an investment. Here in Asia, coins.ph announced that they will soon offer bitcoincash in their wallets, that gave me an impression that the bigboys will soon support bitcoincash because of it's faster and cheaper transactions. I know this sounds awkward, but I have a strong feeling that bitcoincash will be the mainstream-head's choice over bitcoin core.

Another is Litecoin.  Grin
AdamRay
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December 16, 2017, 02:14:01 AM
 #28

too expensive. Every bitcoin transaction you may have to wait 3 days. And the cost is too high. With small investors like us. It is difficult to accept

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December 16, 2017, 02:20:29 AM
 #29

until now, the bitcoin fee is the most problem that we should solve because it is too expensive as everyone said and I hope we can fix this. but for people which own much of bitcoin, then it will not be a problem for them because they can easily to pay the high fee. besides the fee, I think the time for getting confirmed sometimes it takes too long. if we want to pay the high fees then our transaction will get fast confirmed.



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stampeditor
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January 15, 2018, 06:32:20 AM
 #30

Everyone hopes that it will not reach to a point where it can cause bitcoin to crash. Many users are holding on to their btc because of the fees.
Bittoshi
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January 15, 2018, 06:39:08 AM
 #31

If they do not scale up the possible transactions per second, the transaction costs will become higher and higher. Noone will pay with BTC anymore but store it and hold it as long as possible to avoid transaction costs. It would be much better for Bitcoin if people could also use it for daily payments.

Bitgesell (BGL):  A modern and truly scarce store of value. Burn rate is 90% of tx fee. Yearly block reward halving.

It's just the beginning!
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