Quote from: Shenzou on January 20, 2018, 09:02:28 PM

Quote from: bitspectacle on January 10, 2018, 06:13:27 AM

How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.

Micro transactions with bitcoin are a thing in the past, paying fees higher that than the actual transaction it self is somthing that is crazy, as of right now many companies wbesties such as steam are considering removing it, because of this issue, the LN is promised to fix this issue but i don't think it is going to be anytime soon or at least not before all the investment that were made into these micro payments are cancaled, they need to make that if you are sending 30$ or less worth of bitcoin you don't pay such high fees.

This is a mainstream problem now since they do raise the transaction fees so doing a micro payments would cost you a lot instead of saving a couple of bucks. Only lightning network that can solve this cases but we should wait for it until it is released because it is under in development. As for now don't just do any micro payments using Bitcoin because it will cost you a lot but rather use an alternative coin instead.