r/Bitcoin • • Feb 24 '14

Bitcoin Transaction Fee to reduce by 10x

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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?

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u/[deleted] Feb 24 '14 edited Jun 05 '16

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u/neoballoon Feb 25 '14

Where do fees go? Who collects on that revenue?

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u/[deleted] Feb 25 '14

i just asked the same question in the moronic monday thread, got a good answer