Post
Topic
Board Bitcoin Discussion
Re: Why does it cost me a dollar to send 1 Bitcoin?
by
BittBurger
on 25/01/2014, 18:22:51 UTC
As you thought, the transaction fees are getting higher when the BTC price climb. The core developpers are working on this matter:

http://www.reddit.com/r/Bitcoin/comments/1w34ov/4_new_bitcoin_features_revealed_by_core_developer/


Thank you for an intelligent response.

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You don't have to pay the fee do you? And $1 to send nearly $800 doesn't seem too bad to me.

Yes.  It forces me to pay the fee when I try to send.  I guess the coins are "new"  <--- nice arbitrary rule? 

If Bitcoin has any hope of being used for daily commerce this ridiculous "must be 6 months old" rule needs to be eliminated as well.

And either way, a dollar is fucking ridiculous for sending 1 bitcoin.  

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Trying to defend a 1 dollar fee in a system that profiles itself as being almost free is the most hypocritical thing i've seen in a while.

What he said ^^^^^^

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So you don't wanna pay anything? I you don't like it, then don't use BTC... Oh w8 you wanna make money but you dont wanna pay anything in process...

Correct.  I want to do it 100% free of charge.  Like I can through my Bank:  That entity which Bitcoin is supposed to be so much better than, because it brings us lower cost/free transactions.

With the evil, inferior, (soon to be destroyed by Bitcoin?) CHASE bank, I can transfer an unlimited dollar amount between my own bank accounts for free.

I can also now send up to $5000 to anyone else in the world with a CHASE bank account, 100% free of charge, instantly. I pay one of my vendors this way monthly.  We dumped Paypal because of it.

So why do I have to pay to transfer money to myself (or anyone else on the Bitcoin Network)?  

I know.  The miners need to get paid.  Hmm .....

We're already inferior to Chase bank.  How does that make us feel?

Even if the core dev team "works to lower it" as the price of BTC rises, its still free through my bank.  Thus the point of this thread.

-B-