The transaction fee is just ridiculous.

[TheButterZone]

Is that you, Mr. G? https://www.youtube.com/watch?v=_GUqiNbZlBA

[sidhujag]

Tax is necessitated by a broken system with no risidual benefits... Tx fees are to use a service to provide benefit. different things.

[sifter]

You can always lower it, but without your transaction is going to take quite a while to confirm.

[Envrin]

I'm with ya.  I mean, having to pay $0.04 to send a $20,000 wire instantly from the convenience of your home, without any banks, forms or questions?  That's just ridiculous.

heh.

[awesome31312]

I pay zero fee TXs all the time and they get confirms.
The Constitution only applies to the government.
Nobody is armed forcing you to pay TX fees.

True, but paying at least a  small txn fee helps the protocol.

How? The protocol says I don't have to pay a fee for my aged coin TXNs to be relayed.

Try paying a satoshi to one of your alternative wallets with a 0.00000000 BTC fee

There is no legit reason why you would want to do this. Sending this kind of TX takes up other people's resources while you are not engaging any kind of commerce.

Even the laxo trade spam TXs are paying huge amounts of TX fees to the tune of ~.048 on some of them.

If you want to use bitcoin and not pay any TX fees then you can engage in off-chain transactions, although you would need to trust your money to be held by some other third party

That really makes sense

[Buffer Overflow]

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

Well this ill researched rant is a steaming pile of poo isn't it.

Nowhere in the core protocol does it FORCE you to pay any transaction fees. But likewise nowhere in the protocol does it FORCE miners to include your transactions into their blocks.

Sit down in a quiet room and think about that for five minutes.

[Spoetnik]

I pay zero fee TXs all the time and they get confirms.
The Constitution only applies to the government.
Nobody is armed forcing you to pay TX fees.

how ?

people may not know.. i use Multibit and it forces a fee that is NOT cheap !

if i want to send $500,000 worth of BTC it would cost me 0.0001 BTC
and if i want to send 0.0002 BTC it costs me 0.0001  BTC
..not good !

the cost of sending the occasional small amount is bullshit !
and i don't want to hear any excuses about it bloating the block chain or something.
if sending around small amounts is a problem then fix it .

edit:
and guys don't forget that guys abuse what is popular with a strange hold.
if the top 3 wallets enforce a fee then no.. actually YOU sit down and "think about it" lol

[jdany]

Bitcoin is not a free service.
It's a product that must compete with the marketplace, and be exceptional vs. its competitors.
The transaction fees are a necessary component to keep our infrastructure growing.

The beauty of bitcoin:  If there is something you'd like change, go change it.
Create an off-chain small transaction service.

Then, you get to set the rules and charge whatever you like.

[Envrin]

the cost of sending the occasional small amount is bullshit !
and i don't want to hear any excuses about it bloating the block chain or something.
if sending around small amounts is a problem then fix it .

Fix what?  The tx fee helps cover resources, not the amount you're sending.  It takes the EXACT same amount of resources to send 500 BTC versus 0.0002 BTC, so why should the tx fee be any different?

[umair127]

I dont know why u have problem with tx fee, what I have problem is the middleman overcharging to exchange btc to fiat.  I have to pay WU and the middleman to collect the fiat which really sucks.

[Buffer Overflow]

I dont know why u have problem with tx fee

Because certain people are more interested in dreaming how rich they will become instead of learning how bitcoin actually works.

Every transaction that is included inside a block has a cost involved to include that transaction. Who pays for that cost?
We have 3 choices:

1) Miners are FORCED to included transactions, absorbing the cost themselves.
2) Users are FORCED to included transaction fees to pay for the cost.
3) Nobody is FORCED to pay the cost. Users give an incentive to miners to include their transaction. Miners may do it for free or meet somewhere in the middle, so both pay half.

Bitcoin uses option 3.

[Light]

Create an off-chain small transaction service.

Not sure about you, but I for one would avoid those like the plague unless they have had a crap ton of vetting as well as having their identity well known. Far too many off-chain "wallet" system scams have been seen over the years.

@OP: When the block rewards eventually run out, what incentive do miners have to continually mine blocks and confirm transactions? Fundamentally, people won't do anything without some sort of reward for their work - and you expect miners to do so for free (actually at a loss if you count electricity).

[jdany]

Create an off-chain small transaction service.

Not sure about you, but I for one would avoid those like the plague unless they have had a crap ton of vetting as well as having their identity well known. Far too many off-chain "wallet" system scams have been seen over the years.

@OP: When the block rewards eventually run out, what incentive do miners have to continually mine blocks and confirm transactions? Fundamentally, people won't do anything without some sort of reward for their work - and you expect miners to do so for free (actually at a loss if you count electricity).

The market would prove that a small transaction fee is well worth the security of being part of the chain.
I'm almost certain of it.

[awesome31312]

It's $0.04 right now, but when Bitcoin is worth 100k, the transaction fee would be worth $4,000

[Buffer Overflow]

It's $0.04 right now, but when Bitcoin is worth 100k, the transaction fee would be worth $4,000

The lack of knowledge on this thread is mind blowing.
http://www.coindesk.com/bitcoin-core-floating-transaction-fees/

[Krona Rev]

If you want to pay 0 tx fees (which I don't recommend), I have three words for you:

createrawtransaction
signrawtransaction
sendrawtransaction

The power is in your hands.

[jdany]

I accidentally sent a 0 fee transaction yesterday.
https://blockchain.info/tx/da3d67ff0e582dcb03cc66e7f97faebd309c0bddb369089d22e5d6046aac8903

I was testing out a shopping cart API and must have clicked NO when my wallet begged me to add a fee.

It took around 24 hours to get through.

[awesome31312]

Seriously, what's the rush? It's not like I'm paying for emergency services (which by the way, are not feasible to pay for using Bitcoin and is therefore the reason Bitcoin can never replace fiat)

[bitllionaire]

use Electrum and set zero fees
you risk to lose your bitcoins

[shawshankinmate37927]

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

Sounds like you should probably just stick with Western Union.