Post
Topic
Board Beginners & Help
Re: Is BitCoinPlus a scam?
by
BitQuestr (BitCoinWorldMarket)
on 01/07/2011, 18:17:24 UTC
Technically it is not his fee. It is the fee built into the system of bitcoin.

Yes he should probably make it clearer on his site I'll grant you that. However I don't think he is intentionally and maliciously trying to scam people out of their hundredths of a penny accounts. If you took a survey I would guess most people ignore or don't report the transaction cost of sending bit coins. In fact I was surprised to find there was a transaction at all when I first started reading about bitcoin.  He does state his fee clearly on the site and I would assume before I went spending weeks on mining .01 bit coins I would have run across the fact that to send a bitcoin it costs anywhere from .01 to .0005 btc per transaction.

If anything this is not his failing but the misrepresentation by the popular notion that sending bitcoin is free.

What are you feeling hurt by more, that you lost a potential seventeen cents worth of bitcoin or the hours you spent trying to make that seventeen cents without fully educating yourself on the true costs of that  seventeen cents of value?

This kind of feels like you are angry at a tollbooth operator for charging you 17 cents because the toll road wasn't listed on your map and you can't turn around.

By all means start a truth in bitcoin campaign to require all bitcoin businesses to list the transaction fee they use in their client on their websites and FAQs.