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How are you guys going to do micropayments when Bitcoin transaction fees are like 50 cents?

It's currently about 4.5 cents (At current exchange rates), with plans to reduce that by an order of magnitude to 0.45 cents.

Where did you get that figure? I'm curious because I've used APIs such as Blockchain and Coinbase and minimum fee is 0.0005BTC, which is about 25c.

The minimum fee was reduced to 0.0001 BTC about a year ago.

Here's an article on the plans to further reduce the fee.

http://www.coindesk.com/bitcoin-transaction-fees-slashed-ten...

Thanks for that, services I've used force you to around 30-40 cents, which is ridiculous. Good to hear it will be lowered.

It's complicated: the default fee is a bit like community consensus and this consensus has some inertia. Blockchain and Coinbase might still force you to overpay. Complain by sending support requests. Google: bitcoin default fee

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