Bitcoin Transaction Fees - BitcoinWiki

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Future transaction fees (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

ABC 0.21 changes the BCH protocol to issue 5% of every new coin and 5% of all transaction fees to Amaury Sechet and his friends. Do not run this software if you care about the future of bitcoin: a peer-to-peer electronic cash system.

ABC 0.21 changes the BCH protocol to issue 5% of every new coin and 5% of all transaction fees to Amaury Sechet and his friends. Do not run this software if you care about the future of bitcoin: a peer-to-peer electronic cash system. submitted by WildFireca to btc [link] [comments]

Future of bitcoin with these high transaction fee (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Steve Shadders, Nov. 24th, 2019: "On the future of Bitcoin transaction fees - BitcoinSV"

Steve Shadders, Nov. 24th, 2019: submitted by cryptorebel to bitcoincashSV [link] [comments]

[SERIOUS] Let's say in the future there are 5 major players in the Bitcoin mining industry, controlling 95% of the total mining power. What would prevent them from creating a mining cartel to drive up transaction fees for their own benefit?

submitted by OdoBanks to Bitcoin [link] [comments]

On the future of Bitcoin transaction fees - BitcoinSV

On the future of Bitcoin transaction fees - BitcoinSV submitted by thacypha to bitcoinsv [link] [comments]

On the future of Bitcoin transaction fees

On the future of Bitcoin transaction fees submitted by Devar0 to soundmoney [link] [comments]

Samsung Muh: "Made a #Bitcoin transaction and paid 2 cents in fees. I wasn't in a rush so didn't need pay market rates to make it into the next block. I can see wallets in the future auto opening #LightningNetwork channels using lowballed fees. Another layer to automated channel management. 💩"

Samsung Muh: submitted by Egon_1 to btc [link] [comments]

Is there a way bitcoin transaction fee can get lower in the future?

hello everyone,
As of today the average transaction fee for a bitcoin transfer is approximately 10 dollars, if you want it to go though in more or less 4 hours. As far as I understood this fee mainly depends on the byte dimension which the blockchain has to process and from how busy the network is.
my point is: do you see this fee going lower? For example: is there a way the mean byte dimensions can be drastically cut?
submitted by Flash1101 to Bitcoin [link] [comments]

Bitcoin compromise collapses, leaving future growth in doubt. It is no longer able to accommodate all the users who want to make transactions: the fee has soared.

Bitcoin compromise collapses, leaving future growth in doubt. It is no longer able to accommodate all the users who want to make transactions: the fee has soared. submitted by barthib to btc [link] [comments]

Samsung Muh: "Made a #Bitcoin transaction and paid 2 cents in fees. I wasn't in a rush so didn't need pay market rates to make it into the next block. I can see wallets in the future auto opening #LightningNetwork channels using lowballed fees. Another layer to automated channel management. "

Samsung Muh: submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

I wonder if the Bitgive Foundation still thinks that "Bitcoin is the future of charitable giving" with its $50 transaction fees and long delays.

I wonder if the Bitgive Foundation still thinks that submitted by MemoryDealers to btc [link] [comments]

how is bitcoin supposed to be the future when transaction fees are so high

i made a $35 transaction and the fees were $15
did the original developers intend for this system to scale globally? if so, why are the fees so high
submitted by Rcrez to BitcoinBeginners [link] [comments]

I cant send a friend five dollars without a $15 transaction fee and this is the currency of the future I dont think so? /r/Bitcoin

I cant send a friend five dollars without a $15 transaction fee and this is the currency of the future I dont think so? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Samsung Muh: "Made a #Bitcoin transaction and paid 2 cents in fees. I wasn't in a rush so didn't need pay market rates to make it into the next block. I can see wallets in the future auto opening #LightningNetwork channels using lowballed fees. Another layer to automated channel management. "

Samsung Muh: submitted by cryptoanalyticabot to cryptoall [link] [comments]

I bought a 3TB hard drive in Red Deer and paid with Bitcoin Cash. The KFC across from me is going to accept Bitcoin. I can now sell hard drives on kijiji and get chicken. The future is here! Bye bye TD bank and your 1 CAD per transaction fee

I bought a 3TB hard drive in Red Deer and paid with Bitcoin Cash. The KFC across from me is going to accept Bitcoin. I can now sell hard drives on kijiji and get chicken. The future is here! Bye bye TD bank and your 1 CAD per transaction fee submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How Multiven will secure the future of Bitcoin by decentralising its node network into space, funded by Multicoin transaction fees from the Multiven Open Marketplace (MOM).

How Multiven will secure the future of Bitcoin by decentralising its node network into space, funded by Multicoin transaction fees from the Multiven Open Marketplace (MOM). submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Realistically would Bitcoins transaction fees lower in the future?

An advantage of litecoin over bitcoin is the cheaper transaction fees for faster confirmation times.
edit: let's say bitcoin doesn't adopt segwit.
Would bitcoin get lower fees in the future to match litecoin fees (and if so how?), or would litecoin be forever more suitable for smaller transactions?
submitted by Lightninghead to Bitcoin [link] [comments]

Is there a way bitcoin transaction fee can get lower in the future? /r/Bitcoin

Is there a way bitcoin transaction fee can get lower in the future? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Digitex To Launch Commission-Free Bitcoin Futures Trading With Zero Transaction Fees

Providence, Seychelles: Today, Digitex Ltd, announced plans to launch a cryptocurrency futures exchange where traders can buy and sell futures contracts on Bitcoin, Ethereum and Litecoin with no trading fees. Commission-free trading is made possible by the creation of the exchange’s own cryptocurrency, called the DGTX token, in which all trading profits and losses on the exchange are denominated. Traders must therefore own DGTX tokens to participate, and Digitex eliminates transaction fees on trades and covers the costs of running the exchange by minting and selling a small number of new DGTX tokens each year. The DGTX Token Sale starts on January 15th, 2018, when 700 million DGTX tokens will be sold to the public at $0.01 per token.
As a former pit trader at LIFFE and also one of Betfair.com’s most successful sports traders ever, Digitex Founder & CEO Adam Todd said, “For years I dreamed of trading on a commission-free futures exchange where I could pursue high volume, ultra short term trading strategies without getting killed by transaction fees. Finally, blockchain technology has turned that dream into a reality. Removing the constraints of trading fees will quickly create highly liquid futures markets where traders of all sizes can compete on a level playing field. For short term scalpers like myself this is huge, it’s a complete game changer for how people will trade cryptocurrency futures.”
Some key features and benefits of the Digitex Futures Exchange and its native currency, the DGTX token:
  1. There are no trading fees of any kind on the Digitex Futures Exchange.
  2. Digitex uses its own cryptocurrency, called the DGTX token, as the native currency of the Digitex Futures Exchange.
  3. Your account balance on the Digitex Futures Exchange is denominated in DGTX tokens, your margin requirements are payable in DGTX tokens and all your trading profits and losses are in DGTX tokens.
  4. Your account balance of DGTX tokens is held by an independent, decentralized smart contract on the Ethereum blockchain, not by Digitex.
  5. Digitex eliminates transaction fees on trades and covers operational costs by creating and selling a small number of new DGTX tokens each year.
  6. All new token issuance events are initiated and approved by DGTX owners through a democratic system of Decentralized Governance by Blockchain.
  7. The demand for DGTX tokens from thousands of traders who must own them to participate in commission-free futures trading will easily absorb the small number of new tokens that are created to cover costs.
  8. Bitcoin, Ethereum and Litecoin futures markets on Digitex will be open 24 hours a day, 7 days a week.
  9. Traders want to trade on the Digitex Futures Exchange because there are no trading fees and decentralized account balances.
  10. There will be an initial supply of one billion DGTX tokens (1,000,000,000 DGTX).
  11. On January 15th, 700 million DGTX tokens will be sold to the public at a price of USD $0.01 per token (1 DGTX = $0.01).
  12. The DGTX token sale will stay open until February 15th or until all 700 million tokens have been sold, whichever comes first.
  13. If there are any unsold DGTX tokens at the end of the token sale on February 15th, they will be burned to increase the value of the DGTX tokens that were bought.
  14. When the commission-free Digitex Futures Exchange becomes popular, demand from thousands of traders who must own DGTX tokens to participate will drive the price of DGTX considerably higher than its launch price of $0.01.
  15. If you feel you missed out on the Bitcoin boom, DGTX is a great opportunity to get involved in a brand new cryptocurrency that has real world utility, at its rock bottom launch price of only one cent.
  16. Watch a brief demo video that explains how the Digitex Futures Exchange works: https://vimeo.com/246609357
About Digitex Ltd: Digitex Ltd is an International Business Company (IBC) located in the Republic of Seychelles. Founded by a former futures trader and betting exchange trader, Digitex has developed a revolutionary new token issuance revenue model for sustainably operating a futures exchange without charging any transaction fees on trades.
For more information or to arrange an interview, please contact Adam Todd at [email protected]
submitted by clarkwgriswold to DigitexFutures [link] [comments]

12-15 20:52 - 'I can’t send a friend five dollars without a $15 transaction fee and this is the currency of the future I don’t think so? 😡' (self.Bitcoin) by /u/jailbreaker1234 removed from /r/Bitcoin within 72-82min

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I can’t send a friend five dollars without a $15 transaction fee and this is the currency of the future I don’t think so? 😡
Go1dfish undelete link
unreddit undelete link
Author: jailbreaker1234
submitted by removalbot to removalbot [link] [comments]

ELI5: Future plans for the size of bitcoin transaction fees.

I'm not in shape with this topic, and would like if someone can explain this confusing issue:
Has it always been the "plan" for bitcoin transaction fees to rise to the level they're at now?
If it has been the plan, this implies bitcoin is not a currency in any reasonable sense. Why then does bitcoin have such a large market cap compared to other crypto coins where transaction fees are far more modest?
If it has not been the plan, why has it happened, and when and how will the transaction fees correct to more modest levels?
submitted by graumet to Bitcoin [link] [comments]

Bitcoin Transaction Fees Spike 350% in A Month As ETH Fees ... Bitcoin Transactions Explained Free bitcoin mining and withdraw without fee - YouTube Bitcoin Fees and Unconfirmed Transactions - Complete ... Bitcoin Transactions - from

The transaction fee is given to the Bitcoin miner, as explained in the block chain section, and so it is ultimately up to each miner to choose the minimum transaction fee they will accept. There is also a concept of so-called “ high-priority transactions ” which spend satoshis that have not moved for a long time. Bitcoin, meanwhile, requires a user-decided fee to be attached to each transaction. As mentioned above, a miner picks transactions that best incentivize them for their efforts. If the transaction pool is empty, they will usually include any and all transactions in their mined blocks. During busier times though, low-fee transactions can be neglected for several hours and even days at a time ... On Bitcoin’s blockchain, the transaction fee is decided by the free market forces. Free market forces mean anyone is free to set their own transaction fee and can send transactions. In a way it is good but it has its disadvantages too when you have less space. By less space I mean the blocks of Bitcoin are only as big as 1 MB which means it can take only those many transactions in total. And ... Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction. On the other hand, nobody mining new bitcoins necessarily needs to accept the transactions and include them in the new block being created. Why Does the Fee for BTC Transactions Increase and What Awaits Us in the Future? Bitcoin Info; 14 Apr 2019; 466; Why Does the Fee for BTC Transactions Increase and What Awaits Us in the Future? In order to transfer coins from one wallet to another, it is necessary to pay a fee. It goes to those miners who process this transaction. But it is worth noting that the size of this fee is not always ...

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Bitcoin Transaction Fees Spike 350% in A Month As ETH Fees ...

Support our channel by using the Brave browser, browse up to 3 times faster, no ads, get rewarded for browsing: http://bit.ly/35vHo0M Learn all about what ha... What is a Bitcoin transaction fee? Who does it go to? How is it calculated? Why have fees been going up lately? This week I answer all these questions and mo... CLICK HERE: http://top-deal.pro/cryptoenter?a=ndc According to Blockchain.info, over the past three days, fees on the Bitcoin network have risen by 191% from... The Bitcoin Mempool, Difficulty Adjustment, Hashrate, Block Time, Block Reward, Transaction Fees and much more is explained simply in this video. Bitcoin onchain data: https://studio.glassnode.com ... SUBSCRIBE AND PARTICIPATE IN MY GIVE AWA'S THANK YOU FOR WATCHING https://youtu.be/nQJrgYhQpLg ----- 👇👇👇👇👇👇👇👇👇👇👇👇 https://youtu.be ...

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