Technically it is not his fee. It is the fee built into the system of bitcoin.
From an earlier post from JoelKatz posted on this thread (please read it and set it aside):
The fee is per transaction, not per recipient. Assuming he's paying 10 people at a time out of a block he mined a few hours ago, he never would have to pay anywhere near .01 per recipient. Maybe it's a scam, but maybe he's just too lazy to group his transactions. If he keeps doing very small payouts from the same block, he's doing one transaction per payout and they're all going to be with newish coins.
Yes he should probably make it clearer on his site I'll grant you that.
Thank you. He (BCP) knows this too. He responded in part to an email I sent him with (see one of my eairler posts on this thread for my emails sent/received to BCP) :
"I should make it easier find out about the fee, you're right."Also PandaMiner posted on this thread that Donny (owner of BCP?) admitted to this by saying,
"yeah, I guess it does seem scammy" and "I'll have to put it on there" but never did.So BCP knows this. Why not disclose? Maybe it is because that if it is disclosed, people will not go there (some people would still go).
I think that is called, "lying by omission".
However I don't think he is intentionally and maliciously trying to scam people out of their hundredths of a penny accounts.
Lying by omission is scamming.
He does state his fee clearly on the site
True,
however it is only after you want to transfer BTC. See PandaMiner's post (on this thread). Notice how now it is nice and big (in red too). If you look carefully, you will see that BTC's disclose is not the truth. Right next to Amount, it says "minimum 0.01 BTC"
If anything this is not his failing but the misrepresentation by the popular notion that sending bitcoin is free.
Are you Donny perchance? If so, start doing the right thing.
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?
Are these my only choices? If so, I would say B, "hours you spent trying to make that seventeen cents without fully educating yourself on the true costs of that seventeen cents of value?"
If I had another choice, it would be C, "I got scammed by BCP and it is still happening to other people."
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.
I like that. I would add that I see other people driving down that road and want to warn them. Will you help?
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.
I like that also. Any ideal how to get started?