Fee Issues

[jyakulis]

Why can't the devs just make the transaction fees free unless you want want to prioritize speed and add like a 0.25% yearly inflation as the block reward post 21 million?

It seems it would make the bitcoin more spendable. 

[Emoclaw]

1 Why can't the devs just make the transaction fees free unless you want want to prioritize speed and 2 add like a 0.25% yearly inflation as the block reward post 21 million?

It seems it would make the bitcoin more spendable. 

1. Technically you can choose to not pay any fees. Obviously no wallet allows you to do this because the transaction will never confirm but it's feasible, devs don't have to do it.
2. Not possible. Such a change would go against the fundamentals of Bitcoin and wouldn't have any support.

[jyakulis]

1 Why can't the devs just make the transaction fees free unless you want want to prioritize speed and 2 add like a 0.25% yearly inflation as the block reward post 21 million?

It seems it would make the bitcoin more spendable.  

1. Technically you can choose to not pay any fees. Obviously no wallet allows you to do this because the transaction will never confirm but it's feasible, devs don't have to do it.
2. Not possible. Such a change would go against the fundamentals of Bitcoin and wouldn't have any support.

gold slightly inflates every year. It would be very miner. Far less than typical gdp growth...

[error08]

Core developers can not just change the nodes because they want, don't you see it takes years to implement segwit? which seems useless due to most platforms are not using it. You should know better why we have to pay fee, because bitcoin require miners to solve the blocks and it's not easy as you need ASICs which takes lots of money. No one want to mine bitcoin if they are not paid, Satoshi Nakamoto has made the nodes works this way to ensure bitcoin's environment could run and last as long as possible.

[jyakulis]

Core developers can not just change the nodes because they want, don't you see it takes years to implement segwit? which seems useless due to most platforms are not using it. You should know better why we have to pay fee, because bitcoin require miners to solve the blocks and it's not easy as you need ASICs which takes lots of money. No one want to mine bitcoin if they are not paid, Satoshi Nakamoto has made the nodes works this way to ensure bitcoin's environment could run and last as long as possible.

I SHOULD know more than anyone 

Yeah the fees are there because after 21 million there would be nothing to incentivize miners. Hence why I'm saying kill the fees and trade it for VERY MINOR inflation to make it more spendable.

[Bobby park]

Why can't the devs just make the transaction fees free unless you want want to prioritize speed and add like a 0.25% yearly inflation as the block reward post 21 million?

It seems it would make the bitcoin more spendable. 

I think it is pityful in part of miners if their is no payment in their services. In order for a transaction to be processed and put in a blockchain, miners are the makers of blocks. It is hard for the miners to use current and effort without payment. So I think that is the purpose of fees. To ensure that everyone should be paid.

[Jake_Shannen]

This has been one of the current emphasized issues of BTC right now since other cryptocurrencies do have a low and reasonable transaction fee.

[BTCforJoe]

Core developers can not just change the nodes because they want, don't you see it takes years to implement segwit? which seems useless due to most platforms are not using it. You should know better why we have to pay fee, because bitcoin require miners to solve the blocks and it's not easy as you need ASICs which takes lots of money. No one want to mine bitcoin if they are not paid, Satoshi Nakamoto has made the nodes works this way to ensure bitcoin's environment could run and last as long as possible.

I SHOULD know more than anyone 

Yeah the fees are there because after 21 million there would be nothing to incentivize miners. Hence why I'm saying kill the fees and trade it for VERY MINOR inflation to make it more spendable.

In order to do this, there would have to be a centralized team or organization that would monitor the inflation fee, which goes against the very fundaments of why Bitcoin became so popular in the first place. In theory, it would be better to have a small maintained fee structure, but that would require consensus, which we cannot even get from the devs to increase the size of the mempool. Yeah, this is more than likely not going to happen bud.

[Xavofat]

gold slightly inflates every year.

As does Bitcoin for now, and similarly to gold, the amount that it inflates by will theoretically decrease until the supply eventually stops increasing (although in gold's case, this will never quite happen and there may be interruptions such as mining gold on different planets).  

It's not the miners' rewards that are the main concern devs have about increasing the block size.  It's the potential bandwidth and storage demand on nodes.

A fork to increase the supply would also not garner any support from the economy as users' coins would be less valuable in the future as a result of the fork.

[sumolpunk]

Use alts to shift btc around, there are still many exchanges that do not charge fees to move btc.  Many exchanges charge minimal fractions of a % to trade coins instantly and then transfer elsewhere.  For example, one could convert btc to ltc and transfer to a popular exchange for only a small fee like .001 ltc, then use one of the many popular exchanges to withdraw btc (some with zero fees, you just gotta look around)

[altGear]

BTC core recently performed the mainnet test of lightning network It will take time to fully implement and see the benefits of the lightning network but as this systems increases utilization BTC fees will go down and transaction time frames will speed up...patience is key! There are various tricks when sending between exchanges, and services like bitpay (used by many merchants) are adding alt cryptos like BCC. Wallets like Samourai Wallet support segwit addresses and utilize fee reduction mechanisms like smart / custom miner fees and RBF (Replace By Fee) allowing you later increase the miner fee of transactions for quicker confirmation...there is stuff in the works and is being developed at record rates ;)If you have specific questions about how to lower fees based on what your doing DM me and I'de be glad to answer some of your questions. I'm running a Discord channel for beginners to network and access resources DM for invite to a crypto beginners discord group.

[ImHash]

We all need to start using segwit, You are not supporting core developers, No one is supporting them, All the services/ Exchanges/ Wallets etc, Should use segwit addresses for the plan to work, Of course we all are free to use legacy addresses but then we'd to pay the high fees and complaining about it is futile, Segwit is not yet completely adopted, How would you expect the same people support lightning?

[stompix]

Why can't the devs just make the transaction fees free unless you want want to prioritize speed and add like a 0.25% yearly inflation as the block reward post 21 million?
It seems it would make the bitcoin more spendable. 

Because it would turn in into fiat.
Dev don't make and don't charge fees.
Miners don't set fees.
Users are the ones that are setting the fees.

I SHOULD know more than anyone 

Yeah the fees are there because after 21 million there would be nothing to incentivize miners. Hence why I'm saying kill the fees and trade it for VERY MINOR inflation to make it more spendable.

There is a little difference between what you should know and what you actually know.

Let's assume we drop the fees and allow 0 tx to spam the blockchain.
In a matter of minutes a spammer will turn the blockchain into a 1petabyte piece of...crap.
You want that?

[BitcoinFrik]

1 Why can't the devs just make the transaction fees free unless you want want to prioritize speed and 2 add like a 0.25% yearly inflation as the block reward post 21 million?

It seems it would make the bitcoin more spendable. 

1. Technically you can choose to not pay any fees. Obviously no wallet allows you to do this because the transaction will never confirm but it's feasible, devs don't have to do it.
2. Not possible. Such a change would go against the fundamentals of Bitcoin and wouldn't have any support.

The first point is actually the black hole for the crypto. The fees are too high and there must be a solution, the hard forks are not necessarely the one.

[Altas]

Transaction fee issue arises quite often, and the same gets sought when the network congestion decreases gradually. Maybe it'll be increasing the difficulty in the transaction due to delay. But, the fee is not that big when we take it relative to the price growth that has happened within years.

[odolvlobo]

The benefit of a fee is very simple. It prevents spam. If there is no cost to making a transaction, then anyone can fill up all the blocks at no cost and at the exclusion of other transactions. When people compete for space in a block by paying a fee then then only the important transactions tend to end up in the block chain.

[Slimberry]

Why can't the devs just make the transaction fees free unless you want want to prioritize speed and add like a 0.25% yearly inflation as the block reward post 21 million?

It seems it would make the bitcoin more spendable. 

The thought of having to be bothered about the exorbitant level of the transfer free is worrisome, but then, it is expedient for them to remove to sustain the system i believe.

[mrtryonebiggums]

Either we all adopt Segwit quicker please which will lower the fees or the devs please implement that Lightning Network a little quicker please . However I do have some concerns with it but it has to be better then the current situation we got right now

[altGear]

Also Atomic Swaps with LTC which is a direct p2p swap with altcoins have been tested and are being implemented. There's even a new exchange designed for Crypto traders that utilizes atomic swaps to offer super low fees. It's in Beta so DM for invite.

[European Central Bank]

Also Atomic Swaps with LTC which is a direct p2p swap with altcoins have been tested and are being implemented. There's even a new exchange designed for Crypto traders that utilizes atomic swaps to offer super low fees. It's in Beta so DM for invite.

this is the thing about atomic swaps that intrigues me. will it be possible to open a lightning network channel with another coin, switch across, do my bitcoin business, and then swap back to close it?

unless we get a block size increase, lightning network channel openings will quickly fill the main bitcoin chain.