--- title: "Meaning & Key Takeaway of: The higher fee is not because Eugenia is…" description: "\"“The higher fee is not because Eugenia is spending more money, but because her transaction is more complex and larger in size — the fee is independent ..." image: "https://sms4smile.com/quotes/i/d5c/andreas-m-antonopoulos-25953_currency_the-higher-fee-is-not-because-eugenia-is_2773126.jpg" --- # The higher fee is not because Eugenia is spending more… ![“The higher fee is not because Eugenia is spending more money, but because her transaction is more complex and larger in size — the fee is independent of the transaction’s bitcoin value.” quote by Andreas M. Antonopoulos](https://sms4smile.com/quotes/i/d5c/andreas-m-antonopoulos-25953_currency_the-higher-fee-is-not-because-eugenia-is_2773126.jpg) [Download](https://sms4smile.com/quotes/i/d5c/andreas-m-antonopoulos-25953_currency_the-higher-fee-is-not-because-eugenia-is_2773126.jpg) [Open image](https://sms4smile.com/quotes/i/d5c/andreas-m-antonopoulos-25953_currency_the-higher-fee-is-not-because-eugenia-is_2773126.jpg) > ““The higher fee is not because Eugenia is spending more money, but because her transaction is more complex and larger in size — the fee is independent of the transaction’s bitcoin value.”” [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He explains fees depend on transaction complexity, not value, highlighting network resource usage over amount transferred. **In simple terms:** Fees reflect transaction complexity, not amount. Key Takeaway Consider transaction size when sending crypto. Themes cryptocurrency fees network economics Mood technical practical Type educational informative When to use this quote - payments - smart contracts - financial planning Key Concepts transaction scaling blockchain design Questions to Reflect On - How do you optimize transaction size? - What alternatives exist for low‑value transfers? A Different Perspective Complex fees can deter small users. ★ ★ ★ ★ ★ No ratings yet [Currency](https://sms4smile.com/quotes/about/currency/) [Eugenia Spending](https://sms4smile.com/quotes/about/eugenia-spending-3256958/) [Fee Independent](https://sms4smile.com/quotes/about/fee-independent-3256957/) [Higher Fee](https://sms4smile.com/quotes/about/higher-fee-3256956/) [Independent Transaction](https://sms4smile.com/quotes/about/independent-transaction-2363618/) [Transaction Bitcoin](https://sms4smile.com/quotes/about/transaction-bitcoin-238185/) ## Related quotes > [“Transaction fees are calculated based on the size of the transaction in kilobytes, not the value of the transaction in bitcoin. Overall,”](https://sms4smile.com/quotes/andreas-m-antonopoulos/transaction-fees-are-calculated-based-on-the-size-of-the-transaction/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [Every transaction in commerce is an independent transaction.](https://sms4smile.com/quotes/david-ricardo/every-transaction-in-commerce-is-an-independent-transaction/) [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) > [Bitcoin was created with security in mind. The Blockchain is Bitcoin's public ledger that records every transaction in the Bitcoin economy.](https://sms4smile.com/quotes/perianne-boring/bitcoin-was-created-with-security-in-mind-the-blockchain-is-bitcoin-s/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [“In the very first recorded transaction of Bitcoin for United States dollars, Martti sent NewLibertyStandard 5,050 Bitcoins to use for seeding the new exchange.…](https://sms4smile.com/quotes/nathaniel-popper/in-the-very-first-recorded-transaction-of-bitcoin-for-united-states/) [Nathaniel Popper](https://sms4smile.com/quotes/author/nathaniel-popper/) > [“Deterministic, or “seeded,” wallets are wallets that contain private keys that are all derived from a common seed, through the use of a one-way…](https://sms4smile.com/quotes/andreas-m-antonopoulos/deterministic-or-seeded-wallets-are-wallets-that-contain-private-keys/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Although the Bitcoin Core client includes a Type-0 wallet, using this wallet is discouraged by developers of Bitcoin Core.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/although-the-bitcoin-core-client-includes-a-type-0-wallet-using-this/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Bitcoin reaches consensus every 10 minutes about the state of the ledger as it existed in the past.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/bitcoin-reaches-consensus-every-10-minutes-about-the-state-of-the/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Fortunately, bitcoin also creates the incentives to improve computer security. Whereas previously the risk of computer compromise was vague and indirect, bitcoin makes these…](https://sms4smile.com/quotes/andreas-m-antonopoulos/fortunately-bitcoin-also-creates-the-incentives-to-improve-computer/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“The concept of a balance is created by the wallet application. The wallet calculates the user’s balance by scanning the blockchain and aggregating the…](https://sms4smile.com/quotes/andreas-m-antonopoulos/the-concept-of-a-balance-is-created-by-the-wallet-application-the/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [If you do more than your share you'd better want to: otherwise, you're paying yourself in a currency recognized nowhere else.](https://sms4smile.com/quotes/james-richardson/if-you-do-more-than-your-share-you-d-better-want-to-otherwise-you-re/) [James Richardson](https://sms4smile.com/quotes/author/james-richardson/) > [I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I…](https://sms4smile.com/quotes/patrick-m-byrne/i-m-not-in-the-business-of-bayoneting-the-wounded-i-feel-the/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [A man walks down the street. It's a street in a strange world. Maybe it's the third world. Maybe it's his first time around.…](https://sms4smile.com/quotes/paul-simon/a-man-walks-down-the-street-it-s-a-street-in-a-strange-world-maybe-it/) [Paul Simon](https://sms4smile.com/quotes/author/paul-simon/) ## More by Andreas M. Antonopoulos > [“Six and a half billion people on this planet have no connection to the world of money. They operate in cash-based societies with very…](https://sms4smile.com/quotes/andreas-m-antonopoulos/six-and-a-half-billion-people-on-this-planet-have-no-connection-to/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Transaction fees are calculated based on the size of the transaction in kilobytes, not the value of the transaction in bitcoin. Overall,”](https://sms4smile.com/quotes/andreas-m-antonopoulos/transaction-fees-are-calculated-based-on-the-size-of-the-transaction/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“As the adage of the entire internet once went, “I just replaced your entire industry with 100 lines of Python code,” that’s exactly what…](https://sms4smile.com/quotes/andreas-m-antonopoulos/as-the-adage-of-the-entire-internet-once-went-i-just-replaced-your/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“The concept of a balance is created by the wallet application. The wallet calculates the user’s balance by scanning the blockchain and aggregating the…](https://sms4smile.com/quotes/andreas-m-antonopoulos/the-concept-of-a-balance-is-created-by-the-wallet-application-the/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Fortunately, bitcoin also creates the incentives to improve computer security. Whereas previously the risk of computer compromise was vague and indirect, bitcoin makes these…](https://sms4smile.com/quotes/andreas-m-antonopoulos/fortunately-bitcoin-also-creates-the-incentives-to-improve-computer/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“If an UTXO is larger than the desired value of a transaction, it must still be consumed in its entirety and change must be…](https://sms4smile.com/quotes/andreas-m-antonopoulos/if-an-utxo-is-larger-than-the-desired-value-of-a-transaction-it-must/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Bitcoin reaches consensus every 10 minutes about the state of the ledger as it existed in the past.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/bitcoin-reaches-consensus-every-10-minutes-about-the-state-of-the/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Although the Bitcoin Core client includes a Type-0 wallet, using this wallet is discouraged by developers of Bitcoin Core.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/although-the-bitcoin-core-client-includes-a-type-0-wallet-using-this/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“Deterministic, or “seeded,” wallets are wallets that contain private keys that are all derived from a common seed, through the use of a one-way…](https://sms4smile.com/quotes/andreas-m-antonopoulos/deterministic-or-seeded-wallets-are-wallets-that-contain-private-keys/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“As a best practice, the level-1 children of the master keys are always derived through the hardened derivation, to prevent compromise of the master…](https://sms4smile.com/quotes/andreas-m-antonopoulos/as-a-best-practice-the-level-1-children-of-the-master-keys-are-always/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“the bitcoin network. Bitcoin users communicate with each other using the bitcoin protocol primarily via the internet, although other transport networks can also be…](https://sms4smile.com/quotes/andreas-m-antonopoulos/the-bitcoin-network-bitcoin-users-communicate-with-each-other-using/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“This isn’t about nation-states anymore. This isn’t about who adopts bitcoin first or who adopts cryptocurrencies first, because the internet is adopting cryptocurrencies, and…](https://sms4smile.com/quotes/andreas-m-antonopoulos/this-isn-t-about-nation-states-anymore-this-isn-t-about-who-adopts/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“From now on, if you see a multisig unlocking script, you should expect to see an extra 0 in the beginning, whose only purpose…](https://sms4smile.com/quotes/andreas-m-antonopoulos/from-now-on-if-you-see-a-multisig-unlocking-script-you-should-expect/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“There are a billion people, right now, with access to the internet and feature phones who could use bitcoin as an international wire-transfer service.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/there-are-a-billion-people-right-now-with-access-to-the-internet-and/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [“BIP-39 was proposed by the company behind the Trezor hardware wallet and is incompatible with Electrum’s implementation.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/bip-39-was-proposed-by-the-company-behind-the-trezor-hardware-wallet/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) [Explore all 22 Andreas M. Antonopoulos quotes ](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) ## More Currency quotes > [A man walks down the street. It's a street in a strange world. Maybe it's the third world. Maybe it's his first time around.…](https://sms4smile.com/quotes/paul-simon/a-man-walks-down-the-street-it-s-a-street-in-a-strange-world-maybe-it/) [Paul Simon](https://sms4smile.com/quotes/author/paul-simon/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I…](https://sms4smile.com/quotes/patrick-m-byrne/i-m-not-in-the-business-of-bayoneting-the-wounded-i-feel-the/) [Patrick M. 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By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) [Browse all 1,256 Currency quotes ](https://sms4smile.com/quotes/about/currency/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“The higher fee is not because Eugenia is spending more money, but because her transaction is more complex and larger in size — the fee is independent of the transaction’s bitcoin value.”", "creator": { "@type": "Person", "name": "Andreas M. 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