Post
Topic
Board Beginners & Help
Re: why bitcoins will ultimately die
by
Keldel
on 06/03/2013, 10:00:06 UTC
the minimum transaction fee is 0.0005 btc thats currently 0,2 cents per transaction...
that's nothing alright but this is only the beginning, due to its strict monetary policy, the bitcoin will kill itself when the transaction cost will be very high this will refrain a lot of people from doing transactions.
As I understand it, as bitcoin gains value, the miners will lower the fees.