Are you talking to yourself?
Can you leave the hyperbole & strawmen out of the discussion.
The reality is Stephen is right the mandatory fee is likely going to be irrelivent. Market forces will determine what the fee is. Users who want fast access are likely going to pay MORE than the minimum fee. Free transactions will always be possible. The mandatory fee is only imposed on low priority transactions. If you are willing to wait for sufficient coin age AND willing to wait for space in a block you can continue to use bitcoin without a fee.
Also I would like to put into perspective we are talking about a sub cent fee. A fractional cent. There is no other transaction system on the planet which is that cheap. None. Not even cash. Most banks impose a fee of 0.1% to 0.3% on cash deposits over some threshold on business accounts. If you have enough cash that you need armored car service the fee is even higher.
Even at $0.01 per tx (which requires BTC to be $200 not $20 BTW) Bitcoin is the cheapest payment system on the entire planet. The idea that it must be even cheaper to compete is laughable.
Can you leave the hyperbole & strawmen out of the discussion.
The reality is Stephen is right the mandatory fee is likely going to be irrelivent. Market forces will determine what the fee is. Users who want fast access are likely going to pay MORE than the minimum fee. Free transactions will always be possible. The mandatory fee is only imposed on low priority transactions. If you are willing to wait for sufficient coin age AND willing to wait for space in a block you can continue to use bitcoin without a fee.
Also I would like to put into perspective we are talking about a sub cent fee. A fractional cent. There is no other transaction system on the planet which is that cheap. None. Not even cash. Most banks impose a fee of 0.1% to 0.3% on cash deposits over some threshold on business accounts. If you have enough cash that you need armored car service the fee is even higher.
Even at $0.01 per tx (which requires BTC to be $200 not $20 BTW) Bitcoin is the cheapest payment system on the entire planet. The idea that it must be even cheaper to compete is laughable.
One cent per transaction is still a "very low transfer fee".
Not outside the wealthy western world it's not.
lower transaction fees = more transactions = bigger economy or you leaving that to lightcoin/altcoins to take bitcoins role
