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    Author Topic: Killer transaction fee  (Read 2752 times)
    2weiX (OP)
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    July 22, 2011, 09:37:14 AM
     #1

    Everywhere Bitcoin is pimped as the one cure of "transactin fees".

    Today, I wanted to send 0.4BTC to a friend. Seems I need to pay 0.03 BTC transaction fee.
    Isn't that a little steep?

    Just to understand:

    Who (by which mechanism) decides the size of fees?
    Who gets those fees? (I'm guessing some mining pool operator)
    Is there a way to NOT pay 10% when sending smallish amounts of BTC?


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