Just what is a FAIR fee to send a Bitcoin transaction?

[catecoco]

I 'd like to choose the last ,but i click a 5 cent instead,what a fool i am 

[catecoco]

Most of people voted for 1 cent or less I agree with that

of course we will, the less the better for the future of Bitcoin,isn't it?

[OmegaStarScream]

Most of people voted for 1 cent or less I agree with that

of course we will, the less the better for the future of Bitcoin,isn't it?

Exactly , True. 

[Kluge]

Impossible question. It depends on all sorts of things since the cost isn't determined entirely by mining now, but also the cost of data transmission in the future and how blocks and the blockchain are compressed. How do these millions of transactions affect data drive and RAM MTBF and what's the cost to replace damaged components? What's the price of CPU cycles in the future? Each transaction today is a burden on our kids, our kids' kids, and our kids' kids' kids' kids, and those burdens would have to be accounted for in determining what's fair, which is impossible (or at least very time-consuming to estimate). -And unless the protocol changes radically, there's no way to pay them this theoretical fair price, anyway, since it all goes to miners.

... maybe $.08-25.

[HeroCat]

Current fee 0.0001 BTC is too high price, especially if transfer amount is low

[philiveyjr]

Well whatever it is now is fine..pretty happy with it! Dont mind it getting any cheaper though!

[philiveyjr]

I 'd like to choose the last ,but i click a 5 cent instead,what a fool i am 

LOL..! I did the same.! currently it is around 5 cents i guess..! Its alright..i guess!

[mnmShadyBTC]

Whatever the market will allow.

This is really the only correct answer. If you pay less then what the market will "allow" then you are essentially cheating the service provider (the miners) (you are actually probably taking advantage of the fact that they are in need of money) and if you pay more then you are paying an inflated price.

[arnuschky]

It's hard to say. I am not one of the free-for-all fraction, and miners need to cover their costs.

However, we've got to compete with the traditional banking system that can fund their activities via other, non transaction-based fees (i.e., bank account fees). For example, wire transfers in all of Europe are for free (and take only 1-2 days, so bitcoin's advantage in Europe is relatively low when compared to the US).

So I guess the answer is "as low as possible", which would incur that the mining sector shrinks in size.

[frankenmint]

I chose 50 cents - this is of course under the idea that btc is worth 2K or more 

[zarton]

I voted five cents there is thousands of transactions so it's ok, it's cheap but also an incentive to the miners.

[sandykho47]

I think the should 5 cents / less (5k satoshi / less)
And all tx must have fee

Most of people voted for 1 cent or less I agree with that

I disagree with your opinion, who will mine if the diff. very high & tx fee is very low

[Stedsm]

I think the should 5 cents / less (5k satoshi / less)
And all tx must have fee

Most of people voted for 1 cent or less I agree with that

I disagree with your opinion, who will mine if the diff. very high & tx fee is very low

Satoshi said that no tx needs a fee unless the amount you are sending out is equal to or above 200x the largest transaction you have received.

[Window2Wall]

I think this is a very complex question, mainly because the majority of the income for miners is from block subsidies. The miners need to be able to pay their electric costs at the very minimum and the total TX fees + the block subsidies need to cover this. If the market is not able to support high enough transaction fees then the difficulty will decrease and if it decreases enough then the network will not be secure.

I would say that some amount that will allow the miners to continue to pay for electricity + some profit at a difficulty that keeps the network sufficiently secure.

[pitham1]

The total transaction fees has been on a declining trend.

https://blockchain.info/charts/transaction-fees

I guess once the block reward halves, transaction fees will become more important.

[jonald_fyookball]

if very small fixed fees won't support the network in the future, maybe percentage based fees will, such as 0.1%.  Today the network gives about 1.4 million dollars daily in rewards . If the network grew to the point where 1.4 billion dollars worth was changing hands daily, a 0.1% fee would provide that same 1.4 million dollars for security.

[Kluge]

 Today the network gives about 1.4 million dollars daily in rewards .

3600*385=$138.6k

[jonald_fyookball]

 Today the network gives about 1.4 million dollars daily in rewards .

3600*385=$138.6k

you're off by a decimal place bro

[Kluge]

 Today the network gives about 1.4 million dollars daily in rewards .

3600*385=$138.6k

you're off by a decimal place bro

Herp a derp. My bad. Really? It's that much?

[Remember remember the 5th of November]

considering most bank transfers cost roughly €0.09, $0.05

Seriously?
In my country most bank transfers don't cost anything.
So, I stick with that also in Bitcoin. Miners get block reward, so I don't see why they should get transaction fees.

Pool operators share their reward with everybody that helped solve the block, they may charge a slight fee off of that block. TX fees, generally, also go to pool operators.