Bitcoin Forum
October 24, 2018, 06:08:56 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Transaction fee effects  (Read 7929 times)
Babylon
Hero Member
*****
Offline Offline

Activity: 812
Merit: 500


Reserve Your Ledger at GYMLEDGER.COM


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?

    ▄▄█████████▄▄
 ▄█████▀▀▀▀▀▀▀█████▄
████▀           ▀████▄
 ▀▀    ▄▄▄▄▄▄▄    ████▄
     ▄█████████▄▄██████▄
    █████▀▀▀▀▀▀▀▀▀▀▀████
    ████             ███
    █████▄▄▄▄▄▄▄▄    ███
     ▀█████████▀    ███▀
 ▄▄    ▀▀▀▀▀▀▀    ▄███▀
████▄           ▄████▀
 ▀█████▄▄▄▄▄▄▄█████▀
    ▀▀█████████▀▀
.GYM Ledger..▄▀▀▀███████▀▀▀▄
█             █
█             █
█             █
█  ▄▄▄▄ ▄▄▄▄  █
███ ███████
▀▀▄█ █▀▄▀▀▀
█  ▀███ ███▀  █
█    ▀▀█▀▀    █
█             █
█             █
█             █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▀
  ███████
 ▐███████▌
▄█████████▄
█         █
▀▀▀▀▀▀▀
▄██▄██▄
▀█████▀
█   ▀█▀   █
▄▄▄▄▄▄▄
█         █
▀█████████▀
 ▐███████▌
  ███████
FACEBOOK
TWITTER
TELEGRAM

    ▄▄█████████▄▄
 ▄█████▀▀▀▀▀▀▀█████▄
████▀           ▀████▄
 ▀▀    ▄▄▄▄▄▄▄    ████▄
     ▄█████████▄▄██████▄
    █████▀▀▀▀▀▀▀▀▀▀▀████
    ████             ███
    █████▄▄▄▄▄▄▄▄    ███
     ▀█████████▀    ███▀
 ▄▄    ▀▀▀▀▀▀▀    ▄███▀
████▄           ▄████▀
 ▀█████▄▄▄▄▄▄▄█████▀
    ▀▀█████████▀▀
1540361336
Hero Member
*
Offline Offline

Posts: 1540361336

View Profile Personal Message (Offline)

Ignore
1540361336
Reply with quote  #2

1540361336
Report to moderator
1540361336
Hero Member
*
Offline Offline

Posts: 1540361336

View Profile Personal Message (Offline)

Ignore
1540361336
Reply with quote  #2

1540361336
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540361336
Hero Member
*
Offline Offline

Posts: 1540361336

View Profile Personal Message (Offline)

Ignore
1540361336
Reply with quote  #2

1540361336
Report to moderator
aceat64
Full Member
***
Offline Offline

Activity: 310
Merit: 101



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
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!