The transaction fee needs to go to the miner who processes the transaction, otherwise your transactions won't get processed. You can, of course, charge whatever fees you want for whatever services you offer, but these have nothing whatsoever to do with the transaction fee for Bitcoin transactions themselves.
https://bitcoin.stackexchange.com/qu...allet-operator
We know Satoshi expected a degree of node centralisation to occur as bitcoin became popular globally. We already have mining centralisation and bitcoin continues to work.
By failing to repeal the 1mb maximum blocksize limit, bitcoin is now limited by an artificial cap to transaction space within each block. Core developers have deliberately created a situation where users must now use their transaction fee to bid for a coveted seat in these constrained blocks. We all know that when demand for transactions exceeds available space that the network 'breaks' with rising fees, transaction delays and a new extremely cheap attack vector to disable the network for regular users (flood attack). Gregory Maxwell says that bitcoin was designed to run with full blocks like this all the time (interesting viewpoint given in 2009 bitcoin was released without such limitations and it has taken 7 years to reach this precarious state!).
https://www.reddit.com/r/btc/comment...ulated_why_is/- Because opinions are like assholes -- everyone has one
- I know what you are trying to do
Normally, when a commodity has an end value or potential for stored value (precious metals delivery) speculation tends to support prices in a range.
Bitcoin (and now the 800 other digital currencies, many countless ICOs) are unregulated volatile markets with investors selling to other investors -- actual digital *currency* users are far an few between.
So in my opinion, remember I am only one of the ''assholes'' LMFAO, the way these digital *currencies* are being played is a scam -- the bockchain idea is good. No, end user needs these digital currencies to pay any legal debt.
The reference to Venezuela was asinine BTW -- a classic *Trump Diversion*
So why do digital currencies even exist in their present form?
So you can create them for profit, profit by their transaction and profit by their speculative market.