Post
Topic
Board Bitcoin Discussion
Re: Bitcoin fees
by
donte872
on 02/04/2018, 16:25:45 UTC
The bitcoin exchange of transaction fee has spared dollers rate currency turning bitcoin's old claim to fame as a cheaper online payment method into a laughable assertion.But despite these increasing costs, and the long running debate there are caused, developers and users argue there are simple ways to decrease fees that aren't being fully taken advantage of.we have Overall though, as the number of companies supporting the new feature grows, bitcoin fees will decrease some even argue that transaction fees would disappear altogether if that transactions replaced normal transactions of exchange in the business.
I do not completely agree with you about this. The cost is the income of the miner. If the cost goes away, no one will be mining the bitcoin anymore, then the transaction will be blocked, the system will be stagnant and bitcoin will die. As for cost reduction, it may take sometimes to increase competition with other cryptos. But if the whales dominate the market and they are monopolized, then the costs will increase significantly to satisfy their greed.