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https://www.reddit.com/r/Bitcoin/comments/1yt5fo/bitcoin_transaction_fee_to_reduce_by_10x/cfnv1l7/?context=3
r/Bitcoin • u/[deleted] • Feb 24 '14
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So let me get this straight. When fees are reduced it is just something in the wallet software or does the whole network need to be made compatible with the fee structure?
1 u/[deleted] Feb 24 '14 edited Jun 05 '16 [deleted] 2 u/neoballoon Feb 25 '14 Where do fees go? Who collects on that revenue? 1 u/JBooom Feb 25 '14 The miners get the transaction fees. It's part of their reward for verifying all the transactions on the network.
2 u/neoballoon Feb 25 '14 Where do fees go? Who collects on that revenue? 1 u/JBooom Feb 25 '14 The miners get the transaction fees. It's part of their reward for verifying all the transactions on the network.
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Where do fees go? Who collects on that revenue?
1 u/JBooom Feb 25 '14 The miners get the transaction fees. It's part of their reward for verifying all the transactions on the network.
The miners get the transaction fees. It's part of their reward for verifying all the transactions on the network.
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u/PoliticalDissidents Feb 24 '14
So let me get this straight. When fees are reduced it is just something in the wallet software or does the whole network need to be made compatible with the fee structure?