Re:Bitcoin passes 10,000 USD
by mrweasel on Tuesday November 28, 2017 @09:02AM
(#15797311)
Why is there a transaction fee on Bitcoins? Who get the money? One of the argument for Bitcoin originally was no transaction fee, because there's no middleman.
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Once all Bitcoin will be created the 'fee' will be what miners get for verifying transaction blocks.
They also do now, but coupled with the creation of new bitcoins.
It was not the original argument. Search the original bitcoin paper for a word fee, the first occurance explains it.
No there are middlemen they just aren't centralized. The miners get the fee, it's their incentive to mine (well that and new coin creation but new coin creation slows down and eventually stops so fees are the long term incentive).