Bitcoin Forum
January 21, 2018, 03:39:14 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Transaction fee effects  (Read 1162 times)
Babylon
Hero Member
*****
Offline Offline

Activity: 588



View Profile
July 19, 2010, 08:37:03 PM
 #1

Ok, I have seen some discussion of the mechanics of transaction fees, still not completely clear on those, but I wanted to straighten something out I was wondering about.  Assuming bitcoins deflate slightly, to the point where a 10,000 bitcoin transfer can be expected to generate a fee (which would be 5 bitcoins, if I understand correctly)  If I send 10K bitcoins to Bob, does that mean he receives 9995 and whoever processed the transaction receives 5?  Or does it mean that I am debited 10,005 and he receives 10k?

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
1516505954
Hero Member
*
Offline Offline

Posts: 1516505954

View Profile Personal Message (Offline)

Ignore
1516505954
Reply with quote  #2

1516505954
Report to moderator
1516505954
Hero Member
*
Offline Offline

Posts: 1516505954

View Profile Personal Message (Offline)

Ignore
1516505954
Reply with quote  #2

1516505954
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
aceat64
Full Member
***
Offline Offline

Activity: 149



View Profile
July 19, 2010, 08:49:26 PM
 #2

The sender pays the fee, so you would send out 10,005 BTC and the recipient gets 10,000. There's an article on this in the wiki:

http://www.bitcoin.org/wiki/doku.php?id=transaction_fee

▀▀█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ AMLT by Coinfirm ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▀▀
▬▬▬▬▬▬▬ The Token of Compliance ▬▬▬▬▬▬▬
▖▖▖▖▖▙▗▗▗ Facebook   ❱ ❱  Twitter   ❱ ❰  Telegram▖▖▖▟▗▗▗▗▗
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!