Post
Topic
Board Bitcoin Discussion
Re: Bitcoin version 0.3.24 released
by
epii
on 09/07/2011, 18:43:25 UTC
These installs seem to be getting more complex.  I'll stick with 0.3.21.  Sad

WTF? Does it still ask you for ridiculous fees?

When I got into bitcoin, a major selling point was "no fees".  I guess the greed got to them.

LOL, I know it shouldn't be necessary to understand all the inner workings of the Bitcoin concept in order to use it, but this statement is pretty hilarious in light of the facts.  There's nobody to whom "the greed" could "get".  The fees are an optional feature (i.e. you can still send transactions without them) with three related functions:
- DoS prevention
- incentivizing mining
- transaction priority management

The fees get paid to the miners who process your transaction, not "the man".