Bitcoin transactions currently are cheap. A typical transaction fee is 0.0001 BTC, which is equal to 0.05 USD at current exchange rates. If you wait long enough between sending transactions, you can send a transaction with zero fees. This fee is the same whether you're sending 1 BTC, or 1 million BTC.
that's the fee, but BTC prints money out of thin air every time a transaction is processed. If you compare transaction volume to payout volume, the effective transaction fee is on the order of 5% or $30, as explained in the original article... additionally, once BTC refuses to print any more coin, then the miners will start charging the money movers for their services, rather than charging the BTC network itself.
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Bitcoin transactions currently are cheap. A typical transaction fee is 0.0001 BTC, which is equal to 0.05 USD at current exchange rates. If you wait long enough between sending transactions, you can send a transaction with zero fees. This fee is the same whether you're sending 1 BTC, or 1 million BTC.
that's the fee, but BTC prints money out of thin air every time a transaction is processed. If you compare transaction volume to payout volume, the effective transaction fee is on the order of 5% or $30, as explained in the original article... additionally, once BTC refuses to print any more coin, then the miners will start charging the money movers for their services, rather than charging the BTC network itself.