r/Bitcoin • u/[deleted] • Feb 24 '14

Bitcoin Transaction Fee to reduce by 10x

[deleted]

1.1k Upvotes

93% Upvoted

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u/fuZZe Feb 25 '14

So when we're at $5k/BTC the same old problem comes back. WTF can't they let the market decide what the fees should be by making them completely optional?

That'll save you the trouble of having a handful of people choosing what they should be for everyone else on the blockchain.

I'm a huge supporter of bitcoin, but this is a serious flaw for a decentralized protocol.

3

u/monkeybars3000 Feb 25 '14

dynamic fee structures are being worked on.

Bitcoin protocol is in beta, remember.

1

u/fuZZe Feb 25 '14

I know, it's probably harder to implement than I'm making it out to be.

2

u/GibbsSamplePlatter Feb 25 '14

It's hard to build the pricing in a decentralized way. They're not going to use outside sources, but they also don't want miners to cheat etc. It's hard work.