Quote from: AliceWonder on July 25, 2014, 08:22:04 AM

Quote from: Qsquegg on July 25, 2014, 08:06:05 AM

We're already getting some boundary-pushing with transaction fees (I'm mostly referring to bitcoin here) with consumer-oriented moneymaking schemes like ATMs - some of them have a 7% commission going on, which is grim to see. So i hope that the future of crypto doesn't mean mass adoption being at the expense (literally) of the tiny fees which are currently its main selling point. No good having volatility AND fees like that being dished out!

7% commission isn't the transaction fee, that's a service charge, and that will go down if/when there is competition.

Yeah true not the currency trans fee, though it ends up all being part of using the actual currency if it goes big. but still such charges are erroneous imo, I'd hope competition decreases them to almost nothing.