Post
Topic
Board Bitcoin Discussion
Re: Transaction fees are a tax on BTC
by
allycn
on 26/03/2018, 18:20:00 UTC
Taxes, like death, are inevitable.  When they go up, people complain.  Txn fees are a form of tax on BTC that goes to the miners.  No-one wants to pay them but they have to.

I would not call it a tax. A tax is literally a charge imposed by the government to pay / fund public expenses / projects. If you don't pay your taxes or you evade them it is punishable by law (at least in most countries). Bitcoin's is an actual transaction fee (like they call it), what you would pay in any bank to do a transfer to an account in another bank, or other payments. If you don't pay the fee the transaction simply doesn't go through, but you won't get punished by the government.

I will agree with the fact that we all complain when taxes or fees go up.