Re: How much are you willing to pay in fees for a Bitcoin transaction?
For me it depends on the amount I will be processing if I will send 1 btc Im willing to pay $1-5 for faster confirmations, $6-10 seems to high for me its not justifiable anymore, if the amount is small like $1-5, 0.01 usd is ok.
Well said, it should depend on the amount of funds you are moving. for someone moving $5, $0.1 is high in my own views, the irony of this whole issue is that, the wasn’t the case when the price was around $600, we now have BTC penetrating into some new markets especially south America and Africa. I just think the whole transaction fee issue is more political than the main scaling debate issue
Well I believe that is wrong the way we most of us are thinking when we speak about payment with bitcoin. We have stop think in dollars or euro or anything else like as any fiat money. This is not fair. We have try to think only with transaction size and if we need, really all times do we need the next block confirmation?, fast confirmation time. As you see in my signature yesterday I payed and the campaign manager payed about 5.31sat/byte and first confirmation was in less than 24 hours.
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Newbie Offline
Activity: 1
0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.
Jr. Member Offline
Activity: 56
Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there’s no need be greedy.
For me it depends on the amount I will be processing if I will send 1 btc Im willing to pay $1-5 for faster confirmations, $6-10 seems to high for me its not justifiable anymore, if the amount is small like $1-5, 0.01 usd is ok.
Well said, it should depend on the amount of funds you are moving. for someone moving $5, $0.1 is high in my own views, the irony of this whole issue is that, the wasn’t the case when the price was around $600, we now have BTC penetrating into some new markets especially south America and Africa. I just think the whole transaction fee issue is more political than the main scaling debate issue
Well I believe that is wrong the way we most of us are thinking when we speak about payment with bitcoin. We have stop think in dollars or euro or anything else like as any fiat money. This is not fair. We have try to think only with transaction size and if we need, really all times do we need the next block confirmation?, fast confirmation time. As you see in my signature yesterday I payed and the campaign manager payed about 5.31sat/byte and first confirmation was in less than 24 hours.
Now we know better that irrespective of the transaction fee, the value of the bitcoin still matters. I struggle to believe a percentage of the transfer amount wont be appealing to miners compared to the fixed cost. Now none of those is being considered if segwit is considered. I just hope all settles soon and business continue as usual
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