Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
aarons6
on 14/01/2018, 07:41:51 UTC
Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
Bitcoins transaction fee is actually a bit fair and reasonable for both users and bitcoin itself. We gain a lot from bitcoin as a return we pay bitcoin an amount proportional to the value that we are trying to withdraw. But it would also be good if transaction fees are much cheaper so that people won't suffer much from it. But no one can actually dictate it but the market.

what do we gain from bitcoin that makes it worth spending as much as you are sending in fees??


right now if i wanted to send you 50$ in bitcoin, id have to spend an extra 50$ to make sure you get it.. this makes bitcoin useless..

think about this, if i wanted to send you 50$ in litecoin, it would only cost me .20c to send..