Post
Topic
Board Economics
Re: How much are you willing to pay in fees for a Bitcoin transaction?
by
Rahar02
on 06/02/2017, 11:46:36 UTC
It depends on how much the transaction is for.  I'm OK with giving $1.00 if what I'm sending is a few hundred dollars.  If it's something like signature campaign earnings, I'd be willing to pay a few cents at most.  Maybe a dime or so.  I like wallets that let you adjust the fees.  The blockchain.info wallet sucks ass for just that reason, though I forget what they're charging for a fee.

Well I edited the post and added words "on daily basis" so let's say you pay all your bills and you get all your income in BTC - how much do you think the fee should be?

I posted as absolute maximum $1 - I don't think there are many items out there that are $5 in value and need confirmation within 10 minutes, maybe I can wait for this to confirm for an hour...
I can afford maximum $1 too, but still based on how much bitcoin in a transaction as blockchain always treat it like that.
Big amount of bitcoin mean big fees and vice versa. People will leave bitcoin if the fees of each transaction will ever more than $1 as it consider pretty high compare to other currencies, and people will think that better to use cash in daily basis and bitcoin only for send-receive it over the country.