Why do we need commissions and who receives them?

[Michael0606 861]

 

The network commission is for some exchange depending on where you are trading, also bitcoin has its encryption network commission which makes the capitalization and life of it to ensure that everyone can buy and that nobody can buy all the BTC in the world.

[Thekingcallme 1975]

Commission or fees are necessary in the blockchain system and the cryptocurrencies in order to continue to do well and if you were not exposed to the damage of the currencies certainly

[malik6314193 5449]

I think bitcoin miners get this transaction fee. But in case of others currencies such as eth, ltc they have lower transaction fee as compared to bitcoin. 

[Brushless4500KV 4214]

On 10/11/2019 at 7:14 PM, ranya said:

What happened to Bitcoin? When Bitcoin just appeared there were no commissions. Without commission, Bitcoin would have been better than fiat money. Because of commissions, you can not use Bitcoin when buying everyday goods. Where did the commissions come from? For confirmation of the transaction, miners without commission receive Bitcoins. Why do we need commissions and who receives them?

When you make a transaction in your bank, they will charge fees from you. This is the same story with bitcoin and miners. When you send money between wallets, miners will transfer the amount for you and the fee they receive is similar to bank fees. The mining reward is quite different from fees. Miners will run the network and keep it going. This is a burdensome task and requires heavy investment. So, miners need reward to compensate for the costs of mining. Without fees and rewards, no one will be encouraged to mine coins and confirm transactions for free!

[Rezort 846]

I thought it is pretty obvious that bitcoin would not exist without commissions and transaction fees on it, how would it be possible to send some another user any amount of bitcoin, nobody would do it for free.

[pablomarwan 3082]

In the past years, any hills or two years, the major countries agreed on the need for the customer to fill in his information in order to track the transactions that they undertake in order to make sure that there are no suspicious transactions, and this is shown by the percentage that you deal with. That currency may have become scarce for many reasons

[Whited35 15285]

Miners will get commissions for mining each block. For example If all the Bitcoins are mined, I think there will be the high transactions fee for Bitcoin because benefits source for miners will be only the transactions fee where they have to depend on. 

[lharost 1526]

These fees(commissions) will be paid to the miners and no one else is getting paid, if you don't pay miners who is going to confirm and secure your transactions?, there should be some incentives for miners so that they do what they do, if there was not any reward for their work how would they pay for expenses that their mining rig has?, we need miners in bitcoin and they are the essential part of the network and bitcoin can not function without them, 

[Rahul11 292]

On 10/11/2019 at 9:44 PM, ranya said:

What happened to Bitcoin? When Bitcoin just appeared there were no commissions. Without commission, Bitcoin would have been better than fiat money. Because of commissions, you can not use Bitcoin when buying everyday goods. Where did the commissions come from? For confirmation of the transaction, miners without commission receive Bitcoins. Why do we need commissions and who receives them?

The commission come from bitcoin transaction fees. In any transaction every time bitcoin network deduct some fees from our fund. And it's too low and not noticable. To run anything we need fund. And bitcoins miners get profit from the commissions.

[Zaino34 0]

This commission is a small reward that is paid to miners to complete the transaction and in the future certainly, bitcoin will be used as a method of payment and purchase in many areas because the operations are done very quickly

[Hatred 1388]

On 10/11/2019 at 11:44 PM, ranya said:

What happened to Bitcoin? When Bitcoin just appeared there were no commissions. Without commission, Bitcoin would have been better than fiat money. Because of commissions, you can not use Bitcoin when buying everyday goods. Where did the commissions come from? For confirmation of the transaction, miners without commission receive Bitcoins. Why do we need commissions and who receives them?

Well, that commission we always pay using bitcoin is been used for maintenance of the servers and devices or system of the creator of sites we are using. Yes, bitcoin will be an dreamed or ideal coin if there is no commission, but come to think of it, if the creators will pay the maintenance of the system by their own money, do you actually think it will? No, right? they can't afford on paying it using their own money so they are asking for some commission for the maintenance of their system.

[magd 5231]

The commission cannot be removed, in my opinion, it is not logical, because many platforms and sites work to increase the traffic and obtain the commissions more as a form of profits, and there are no entities that work for free.

[CryptoLover21 0]

We need to pay commissions to the miners who maintain all the servers and block of the bitcoin to transact from one person to another. Everything needs service and for good service you have to pay good commissions.

[dimmix_ua 81]

On 11.10.2019 at 18:44, ranya said:

What happened to Bitcoin? When Bitcoin just appeared there were no commissions. Without commission, Bitcoin would have been better than fiat money. Because of commissions, you can not use Bitcoin when buying everyday goods. Where did the commissions come from? For confirmation of the transaction, miners without commission receive Bitcoins. Why do we need commissions and who receives them?

Fee is being taken by crypto exchanges probably for using their power to send your btc somewhere you need. o=Or if we are talking about sell/buy fee, they are getting it to buy some food for developers)

[hackynoway 89]

Bajo mi humilde opinión las cryptomonedas nacieron entre otras cosas para dejar de pagar comisiones absurdas a una Banca en decaimiento, aunque hemos llegado a pagar comisiones abusivas también en el mundo crypto.

 

Sobre todo las comisiones de cambio de moneda, aunque ya nadie habla de eso después del regalo de unisawp a todos los que pagaron comisiones de intercambio con los Unis, unicornios rosas, como para contárselo a tuvecino, te imaginas?

[Vitaervina 68]

Without a reward system, how the system will run well is said to run itself without the interference of an agency or government. Bitcoin needs it because it stands on the principle of Decentralization so that it spurs people to get results and keeps Bitcoin going.

[kryptonick 2659]

Bitcoin has a big problem and this is a problem of ethereum too and other decentralized networks. There is a scaling problem since the only way to get transactions fast when there are many users transacting is to raise the fees. Bitcoin is working like that and in the beginning miners accepted transactions with zero fees but this changed very early as more and more people joined.

[its.cryptologic 163]

Commissions are a beautiful thing that are often used to reward to community providing them. Without "taxes" who would build all this infrastructure? :D

[percare 3192]

Fees are required to keep the network running and to pay the miners for what they do. They make the blockchain secure in the core and not have attackers to steal bitcoin and make transactions double spend. The problem of the higher fees has to be dealt though.

[Zeshan Khalid 2577]

Bitcoin was developed to earn by the developers and even fiat currencies have commissions when you are using them online so I don't think there is a problem with commission

[Fixfin 2569]

Nothing comes free really. To process the transactions the network need the miners to create blocks and then calculate some very difficult cryptographic algorithms. This requires electric power and this is a cost. So fees are going to the miners that perform the above operations.

[Syedbesharat 5423]

The commission is part of business where it work is life of blood. Because  this is fee from exchange where they get this to run their exchange bussiness, they have maintains, security, updates and many more affairs to deal.Which is their daily base thing, but the commission of btc must not be goes higher like ERC 20 ,which is bad of us. They have to maintain balance and keep it low, as for miner they always welcome higher commission for fast transactions which is good for them but not be made necessary, it's a situational thing which is most of the time doesn't happen. 

[Tetrisreal 219]

The fees are received by the miners, it is an incentive to confirm the transactions before they were not paid because it was not necessary to have a priority of sending transactions, in addition to avoiding the issue of massive sending of spam, for example if there were no fees imagine that I want to send 1 Satoshi to 1000 people, that would be about 100 transactions that do not compensate for the expense in the bitcoin block.

[Razan alikac 1899]

Miners are the ones who earn mining fees by connecting mining devices to the Bitcoin network, then these devices do their work, but they consume a lot of electricity, so it is not a profitable area during this period.

[SuperCrypto 7193]

The commission in the Bitcoin network is the fee that Bitcoin owners pay miners for that is, transferring money to an address. The duty of the commission is to show the miner how urgent the transaction is. If you want speed, pay a higher price, and if you are not in a hurry, you can pay less.