How are you guys going to do micropayments when Bitcoin transaction fees are like 50 cents?
Re:Tip any song or musician with Bitcoin
by waterlesscloud on Tuesday May 13, 2014 @05:46PM
(#7740878)
It's currently about 4.5 cents (At current exchange rates), with plans to reduce that by an order of magnitude to 0.45 cents.
Where did you get that figure? I'm curious because I've used APIs such as Blockchain and Coinbase and minimum fee is 0.0005BTC, which is about 25c.
Re:Tip any song or musician with Bitcoin
by waterlesscloud on Tuesday May 13, 2014 @09:06PM
(#7741636)
The minimum fee was reduced to 0.0001 BTC about a year ago.
Here's an article on the plans to further reduce the fee.
http://www.coindesk.com/bitcoin-transaction-fees-slashed-ten...
Thanks for that, services I've used force you to around 30-40 cents, which is ridiculous. Good to hear it will be lowered.
Re:Tip any song or musician with Bitcoin
by dpcucoreinfo on Tuesday May 13, 2014 @09:06PM
(#7741639)
It's complicated: the default fee is a bit like community consensus and this consensus has some inertia. Blockchain and Coinbase might still force you to overpay. Complain by sending support requests. Google: bitcoin default fee
and maybe even for aid relief to charities in emergency situations
I signed up for the beta, I would love to help
We plan to launch with only Bitcoins, and shortly thereafter add on credit card payments to go more mainstream.
Our mission is to enable anyone to tip any creator anywhere in the world - so educational content and others are definitely included in this! Music is just the starting point.