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Higher transaction fees is one of the ways that blockminers will be compensated. There are other possible solutions as well, depending on protocol changes to Bi
by 3pt14159 13y ago
Higher transaction fees is one of the ways that blockminers will be compensated. There are other possible solutions as well, depending on protocol changes to Bitcoin, or crypto-currencies in general.
- panabee 13y agoif miners charge higher transaction fees, doesn't this negate one of the benefits over centralized systems like MC and visa that charge high (2% - 3%) fees on each transaction? that's not to say this neutralizes other benefits of bitcoin, just that applications like microtransactions are not viable? not trying to attack bitcoin, just trying to understand the true benefits and applications.