Post
Topic
Board Bitcoin Discussion
Re: Confused about transaction fee...
by
eMansipater
on 14/04/2011, 11:41:56 UTC
Kind of sounds stupid if Bitcoin gets really busy that you have to "pay fees" to make sure your transactions go by faster. This is a silly gimmick to the whole idea of Bitcoin doesn't make sense.
Why is this a surprise?  Processing transactions costs money, and fees pay for that on an open market.  It will always be cheaper than something like PayPal by a wide margin.  Do you know of any other secure payment system that will process a $100,000 transaction for $0.01 ?  Pretty good deal imo.