Post
Topic
Board Economics
Re: How much are you willing to pay in fees for a Bitcoin transaction?
by
DomainMagnate
on 22/03/2017, 11:06:25 UTC
This poll came as an idea from a news post: Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog - link here: https://bitcointalk.org/index.php?topic=1777803.0

How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)

I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.

Please vote and explain below why you voted the way you voted.

Thank you.
The minimum the better and that was one of the reasons behind bitcoin I.e less transaction fee.
If we raise bitcoin fee,we would lose half of the market. People would either switch to other crypto or Altcoin or would stick to traditional methods.