Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
zais
on 16/01/2018, 13:51:41 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.
Bitcoin standard transaction fees are still in demand by many users or bitcoin communities, but most digital currency users prefer to spend a little more money to move funds. At a rate of 0.0001 Bitcoin per transaction or US $ 0.0415 at the time of writing of this article- the cost has occupied the lowest scale for some time now. However, miners prioritize transactions based on related costs, and if everyone keeps using the same amount of fees, transaction bottlenecks can no longer be avoided.