Bitcoin fees

in bitcoin •  8 years ago 

Damn I wanted to convert some bitcoin to steem this morning and the fees are 70% of my transaction, I only have a tiny amount of bits. To spend .005 bitcoin I would only have 75000 satoshis available to spend after fees. That's hundreds of thousands of satoshi's in fees!
With fees becoming higher all the time what is the proposed regulation for controlling them?
How are they set and controlled currently?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is why litecoin is poised well to grab a larger market share. I personally use litecoin instead of btc whenever I need to send funds then I convert to btc if I need it

Thanks for the tip!