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    Author Topic: The double edged sword of Bitcoin transaction fees!  (Read 573 times)
    Gooner0 (OP)
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    October 17, 2024, 04:52:56 AM
     #1

     Bitcoin transaction fees has been a topic of debate amongst cryptocurrency enthusiast, with opinions divided on their impact.
    One one hand fees ensure the security and decentralization of the network, while on the other they can be a barrier to adoption and usability. To me I think this  really has a negative and also a positive impact on the cryptocurrency space, and one of the negative aspects I've observed is the uncertainty of fees , unpredictable fees flunctiation create uncertainty for user's . Another thing is high cost, exorbitant fees can make small transactions uneconomical. Imagine that!
    But the good side of transaction fees or positive side so to say is that it helps prevent spam transactions , maintaining network decentralization. There a lot of positive sides to transaction fees , transaction fees are a necessary component of the network, as the ecosystem evolves  finding a balance between fee incentives would be crucial for wide spread adoption.
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