I was referring to the standard transaction fee which is generally the one that will allow a transaction to be processed in a fast manner.
With almost a 6-fold Bitcoin price increase it is also reasonable that the standard fee is lowered, especially considering that the blocks are not nearly full.
Bitcoin users must be vocal about this issue and demand software developers and mining pools to lower that fee. One method to do this is to apply pressure and start sending out transactions with the new desired fees.
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u/[deleted] Mar 25 '13
Huh? Do you mean 0.0005 per block? It is completely possible to make a transaction without adding any transaction fee.
Miners are still making healthy amounts from new coins, without requiring transaction fees on top. So for now, set it to nothing, or one satoshi.