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Author Topic: Standard transactionfees are getting high again?  (Read 1096 times)
Bytas
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November 23, 2013, 10:25:31 AM
 #1

so, since the transactionfee was last adjusted in size, the value of bitcoin multiplied by more than tenfold again.
Isn't it time to push back the fee by another 2 or 3 digits?

Would be epic for smaller transactions, because it's getting excessive. the advantage of 'it has virtually no fees' is something we can't claim at the moment. 
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blacksails
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November 23, 2013, 10:42:25 AM
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Yeah, I think so to! They should really do that for the next release! (if that's how it works, otherwise how?)
oakpacific
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November 23, 2013, 10:53:42 AM
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I got tired of people complaining about having to pay 8 cents min transaction fee........

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
PenAndPaper
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November 23, 2013, 10:58:38 AM
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I got tired of people complaining about having to pay 8 cents min transaction fee........

True but what about micropayments which is an area that bitcoin can easily disrupt.
With 8cents / transaction that doesn't look to be the case anymore.
Gabi
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November 23, 2013, 11:07:51 AM
 #5

8 cent isn't exactly "low"

Birdy
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November 23, 2013, 11:18:14 AM
 #6

I also think standard fees should be lowered, a quick patch doing this would only help Bitcoin.
oakpacific
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November 23, 2013, 11:25:01 AM
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I got tired of people complaining about having to pay 8 cents min transaction fee........

True but what about micropayments which is an area that bitcoin can easily disrupt.
With 8cents / transaction that doesn't look to be the case anymore.

This is not a problem with a sraightforward solution, as it will bloat the blockchain, checkout casascius's probabilistic nanopayment and Mike Hearn's rapidly adjusted micropayment proposals if you are interested.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Rluner
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November 23, 2013, 02:23:09 PM
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https://en.bitcoin.it/wiki/Transaction_fees
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