Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
barneystinson
on 10/02/2018, 03:10:02 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.
Personally I think that the prices for transaction fees are way up high. Given that most exchanges have seen the possibility of bitcoin prices going up, they have set the fees into satoshi's instead of fiat value. I think most exchanges should fix the transaction fees into fiat value so regardless if btc's price would fluctuate they payments fees are fixed.