Bitcoin Forum
July 16, 2019, 01:44:56 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
Author Topic: bitcoin transactions costs in the future  (Read 1471 times)
goaldigger
Full Member
***
Offline Offline

Activity: 644
Merit: 130


★Bitvest.io★ Play Plinko or Invest!


View Profile
June 30, 2019, 12:18:07 PM
 #161

There's only two possibilities of bitcoin's fees in the future.
1. If bitcoin turns out good and becomes a legit currency worldwide, im sure government and companies will make a way to lessen the fees and become more accessible to the people.
2. If bitcoin turns out negative then it would be higher fees with less application.

I hope for the first one to happen.

1563284696
Hero Member
*
Offline Offline

Posts: 1563284696

View Profile Personal Message (Offline)

Ignore
1563284696
Reply with quote  #2

1563284696
Report to moderator
1563284696
Hero Member
*
Offline Offline

Posts: 1563284696

View Profile Personal Message (Offline)

Ignore
1563284696
Reply with quote  #2

1563284696
Report to moderator
1563284696
Hero Member
*
Offline Offline

Posts: 1563284696

View Profile Personal Message (Offline)

Ignore
1563284696
Reply with quote  #2

1563284696
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563284696
Hero Member
*
Offline Offline

Posts: 1563284696

View Profile Personal Message (Offline)

Ignore
1563284696
Reply with quote  #2

1563284696
Report to moderator
1563284696
Hero Member
*
Offline Offline

Posts: 1563284696

View Profile Personal Message (Offline)

Ignore
1563284696
Reply with quote  #2

1563284696
Report to moderator
1563284696
Hero Member
*
Offline Offline

Posts: 1563284696

View Profile Personal Message (Offline)

Ignore
1563284696
Reply with quote  #2

1563284696
Report to moderator
otong
Sr. Member
****
Offline Offline

Activity: 798
Merit: 251


Join @Bountycloud for the best bounties!


View Profile WWW
June 30, 2019, 02:45:57 PM
 #162

in any case, the cost of transactions will increase if the price of Bitcoin will also go up.  Who men need to take into account the fact that each user himself increases the price for the urgency of the transfer of funds.
has become a law of investment and crypto currency transactions, cryptocurrencies have increased, of course, transaction costs will also increase and in my opinion the value of crypto currencies with transaction costs will not incur a loss in the investment







█████████▀██████▄████▄███
█████████████▄▀█████████
████████████▀████████████
        ████████
        █████████
        ████████
        ███████
        ████████
        ████████
        ████████
        ████████
        ████████
        ████████
        ████████

ECRA COIN   


█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████ 
█████
█████
█████ 
●▬▬● Facebook ●▬▬● Twitter ●▬▬● YouTube ●▬▬● Telegram ●▬▬● Discord ●▬▬●

 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

  UNITING SCIENTISTS, INVESTORS AND THE BLOCKCHAIN COMMUNITY
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
●▬▬● Website ●▬▬● WhitePaper ●▬▬  Roadmap  ▬▬● Products ●▬▬● Team ●▬▬●



  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████
  █████ 
  █████
  █████
  █████ 
  [
░░░░░░▄▄███████████▄▄
░░░░▄█████████████████▄
░░▄██████████▀░░▀███████▄
██████████▀░▄██▄▄▀███████
▐██████▀░░░░░░░░░░░░░█████▌
███████░░░░░░░░█▀▀▀▀▀▀█████
███████░░░░░░░░█░██░░░█████
███████░░░░░░░░█▄▄▄▄▄▄█████
▐██████▄░░░░░░░░░░░░░█████▌
█████████████████████████
░░▀█████████████████████▀
░░░░▀█████████████████▀
░░░░░░▀▀███████████▀▀

DOWNLOAD THE
TECRACOIN WALLET
]
Rufsilf
Sr. Member
****
Offline Offline

Activity: 952
Merit: 261


★Bitvest.io★ Play Plinko or Invest!


View Profile
June 30, 2019, 03:38:07 PM
 #163

But miners need to recover their ROI on their bitcoin mining gear, will have to pay people to maintain the mining farm so there is still a cost eventhough they will get free renewable energy in the future. And besides, mining fee is base on the hashing difficulty, so the more difficult it to find a block, the more fee's we need to pay.

Exactly, the fee will still be there, I think it would only be lesser since they will be using solar energy. Maintaining the mining farm may need a lot of money so if the fee will be free then I think no miners will want to mine anymore since they can't recovers their expenses.



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
aubert
Legendary
*
Offline Offline

Activity: 1428
Merit: 1003


"simply getting the job done"


View Profile WWW
June 30, 2019, 03:38:31 PM
 #164

in any case, the cost of transactions will increase if the price of Bitcoin will also go up.  Who men need to take into account the fact that each user himself increases the price for the urgency of the transfer of funds.
has become a law of investment and crypto currency transactions, cryptocurrencies have increased, of course, transaction costs will also increase and in my opinion the value of crypto currencies with transaction costs will not incur a loss in the investment
That actually shouldn't be justified though, it is always better to develop further into solving this problem where the blockchain won't stuck with the scaling problem. So that when the mass could finally adopt cryptocurrency there'll be no problem regarding to this, maybe we take it too lightly for now but in the future we may even need a more scalable and faster blockchain.

     ▄███▌
    ██████
   ██ ▀████       ███
  ██   ████     ██████       ▄▄▄
 █▀    ████    ███████      █████
      ████    ███████      ██████
      ████    ███████     ███████   ███
      ████   ███ ████    ███████   ████
     ████   ███ ████    ███ ████   ████    ▐██▌      ████▄
     ████   ███ ████   ███ ████   ████     ███     ███████   ██   ███▄     ▄▄██
     ████  ███ ████   ███ ████    ████    ████   ███▀  ███  ████▄█████   ████ ▄██    █
    ████  ███  ████  ███ ████    ████    ████   ███▀  ██▀  ██████▀████ ████   ████   █
    ████ ███  ████  ███  ████    ████    ████  ████       ██████  ████████▀   ████ ▄█
    ████ ███  ████ ███  ████    ████   ██████  ████      ██████    ███████     █████▀
   ████ ███   ███████   ████   █████  ██████  ██████▄  ▄██████        ████▄   ███
   ████ ███  ███████   ▐████  ██████████ ███   █████████  ████        █████████▀
   ███████   ██████    ▐██████████████   ███    ▀████▀   ████          █████▀▀
  ███████    █████     ▐██████   ████   ███
  ██████     ▀██▀       ▀████           ███
  ▀████                          █     ███
                                 ██▄  ▄███
                                  ██████▀
                                   ▀▀▀▀

   
.THE JOB DONE.

 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
 
in
 

  ▄▄                ▄▄
  ████▄  ▄▄▄▄▄▄  ▄████
  ████████████████████
  ████████████████████
 ▄████████████████████▄
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████
  ▀██████████████████▀
    ▀██████████████▀
██▄     ████████
 ▀██    ████████
 

  ▄▄██████████████▄▄
 ██▀▀            ▀▀██
██▌            ▐█▌ ▐██
██     ▄██████▄     ██
██    ██▀    ▀██    ██
██   ▐█▌      ▐█▌   ██
██   ▐█▌      ▐█▌   ██
██    ██▄    ▄██    ██
██     ▀██████▀     ██
██▌                ▐██
 ██▄▄            ▄▄██
  ▀▀██████████████▀▀
 
██▄
█████▄
████████▄
███████████
████████▀
█████▀
██▀
Oilacris
Hero Member
*****
Offline Offline

Activity: 1260
Merit: 518


★Bitvest.io★ Play Plinko or Invest!


View Profile
June 30, 2019, 03:52:56 PM
 #165

in any case, the cost of transactions will increase if the price of Bitcoin will also go up.  Who men need to take into account the fact that each user himself increases the price for the urgency of the transfer of funds.
has become a law of investment and crypto currency transactions, cryptocurrencies have increased, of course, transaction costs will also increase and in my opinion the value of crypto currencies with transaction costs will not incur a loss in the investment
That actually shouldn't be justified though, it is always better to develop further into solving this problem where the blockchain won't stuck with the scaling problem. So that when the mass could finally adopt cryptocurrency there'll be no problem regarding to this, maybe we take it too lightly for now but in the future we may even need a more scalable and faster blockchain.
I cant really deny on this thing.We might not able to feel it now but when adoption rises for sure there would be problems would be facing

up on near future where people would find it too hassle or not feasible for long term or for daily use.So it would end up on finding a better solution and
that maybe the time we are seeing bitcoin would be possibly replaced.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 286


View Profile
June 30, 2019, 04:12:39 PM
 #166

But miners need to recover their ROI on their bitcoin mining gear, will have to pay people to maintain the mining farm so there is still a cost eventhough they will get free renewable energy in the future. And besides, mining fee is base on the hashing difficulty, so the more difficult it to find a block, the more fee's we need to pay.

Exactly, the fee will still be there, I think it would only be lesser since they will be using solar energy. Maintaining the mining farm may need a lot of money so if the fee will be free then I think no miners will want to mine anymore since they can't recovers their expenses.

I don't think so. In the future, I don't think they would even improve their miners since btc at that time would be all mined. That means they have nothing to get back their money but only through transaction fees amd that means in the future, there will be higher fees than now. Some miners might even mine other cryptos after that.

bitbunnny
Legendary
*
Offline Offline

Activity: 1750
Merit: 1042



View Profile
June 30, 2019, 05:06:21 PM
 #167

We have to be aware that every party in.the chain should get their fair share. So transactions can't be free, this is mot sustainable. But at the moment I think that fees are reasonable and with time they will probably get lower. With new technologies and new energy sources miners will find the way to lower the costs and that will probably affect the fees.

Betwrong
Legendary
*
Online Online

Activity: 1526
Merit: 1062



View Profile
July 02, 2019, 07:05:53 AM
 #168

We have to be aware that every party in.the chain should get their fair share. So transactions can't be free, this is mot sustainable. But at the moment I think that fees are reasonable and with time they will probably get lower. With new technologies and new energy sources miners will find the way to lower the costs and that will probably affect the fees.

Maybe at some point in the future, after several halvings of the block reward, the reward will be so small that transaction fees will be necessary, but not today. 12.5 BTC, the current block reward, is still much higher than all the transaction fees combined. If nobody was paying more than $0.01 per transaction, or even any fee at all, the blocks would still be mined because of the block reward.

Ziskinberg
Hero Member
*****
Online Online

Activity: 1274
Merit: 526


CyberDice - Best Bitcoin Dice Game


View Profile
July 02, 2019, 07:29:10 AM
 #169

in any case, the cost of transactions will increase if the price of Bitcoin will also go up.  Who men need to take into account the fact that each user himself increases the price for the urgency of the transfer of funds.
has become a law of investment and crypto currency transactions, cryptocurrencies have increased, of course, transaction costs will also increase and in my opinion the value of crypto currencies with transaction costs will not incur a loss in the investment
This is a normal scenario and we don't have to complain about it, the solution to this is pretty simple, find another coin that is with cheap transaction and use it, I'm sure a lot of those coins can be found in altcoins market, and you also won't have a problem selling them as we have lots of exchanges in the market.

Pages: « 1 2 3 4 5 6 7 8 [9]  All
  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!