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Author Topic: Are zero transaction costs possible?  (Read 350 times)
Heavens Gate
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July 27, 2018, 04:13:31 PM
 #101

If zero transaction costs are possible, I am yet to be aware of them, however, that will be when the cost of electricity is negligible or transfer amount is small within limits of definition of what is called small.
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July 31, 2018, 09:43:40 AM
 #102

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

I don’t think that it is ever possible that the bitcoin transactions could reduce to zero, for now we all know that bitcoin is a decentralised crypto currency and there is no as such proper authentic regulating body over bitcoin and then also there is a transaction fee that every exchange charge while transacting bitcoin and this is very obvious even then any company would charge something if you are using her or his resources and no doubt if bitcoin Weill be legalised world wide then the transaction fee for bitcoin will increase even.

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August 04, 2018, 12:45:35 PM
 #103

I personally do not think that zero transaction costs are possible because you need to provide incentive to keep the network up & running.
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August 04, 2018, 05:50:15 PM
 #104

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

I don't think that we will ever face the fees so close to 0 or actually 0, because all the exchanges and transaction platforms need to earn from something to exist. Basically it is their earnings.

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August 04, 2018, 07:56:19 PM
 #105

Now projects with zero cost per transaction are being created, this is in demand in business, basically it is privat blockchain.

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August 04, 2018, 08:04:00 PM
 #106

Zero transaction cost in crypto coins seems impossible to me, but there are transactions with very low cost, that is low amount of fee. Without cost, you might not even which helps the crypto community to continue. Zero transaction cost is almost not possible.
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August 05, 2018, 05:12:26 AM
 #107

I think Bitcoin fees are not going to go away, it's a fee to keep them in full block, but it's too high to make the trader depressed, the miners are trading those deals because Their benefits, they will be paid for that, and they will not deal with them if they do not receive dollars for that.
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August 05, 2018, 05:17:14 AM
 #108

BitCOIN, yes. 0 fees.

Bitcoin Core Software?  Good luck.

I0C + DVC + IXC

https://btczero.org
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August 05, 2018, 03:47:14 PM
 #109

I personally do not think that zero transaction costs are possible because you need to provide incentive to keep the network up & running.
So its practically impossible.
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August 05, 2018, 04:17:47 PM
 #110

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

There was a time where this was possible for bitcoin but now you should forget about it, the model of bitcoin is to replace the block reward needed to maintain the miners with the fees of the users of bitcoin, so it is not possible the miners are not doing this for charity, they are mining because it is a lucrative business and if you want to use the bitcoin network then you need to pay.



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Rainbot
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August 05, 2018, 04:21:37 PM
 #111

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

Not really , because fees is a part of the developmental asset of the transaction where it exist for a reason. But if you want to find a low cost transaction you will need to find a local wallet where there is a minimum amount or cost of transaction depending on the rate of time of transaction to be successful you will just need to find it and also support it.

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