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From: Peter Todd <pete@petertodd.org>
To: Drak <drak@zikula.org>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Floating fees and SPV clients
Date: Tue, 3 Dec 2013 06:33:21 -0500	[thread overview]
Message-ID: <20131203113321.GB12623@tilt> (raw)
In-Reply-To: <CANAnSg10KnY=oSM61onYjw5Fp==BwByEeoZUXWfzHqNFjsHYGA@mail.gmail.com>

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On Tue, Dec 03, 2013 at 11:09:51AM +0000, Drak wrote:
> On 3 December 2013 11:03, Peter Todd <pete@petertodd.org> wrote:
> 
> > UI once both are implemented is to not show anything in the default
> > case, and explain to the user why they have to pay extra in the unusual
> > case where they are spending a whole bunch of dust.
> 
> 
> Yes, that's the other problem with a merchant setting a fee - they have no
> idea how large the transaction might be. If you spend a bunch of dust the
> fee could be 2 or 3x the expected fee. Then you might get merchants
> including higher fees by default to account for this. That means we end up
> paying more per kb over time.

Right, which is solved by requiring a fee-per-kb, and only allowing up
to a certain amount to be deducted from the amount paid to pay that
total fee.


But really, we're better off leaving fees visible to the user in the
first place: they're how Bitcoin works and it's not going to change.
(was just talking to Taylor from Hive Wallet about that in person
actually)

-- 
'peter'[:-1]@petertodd.org
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  reply	other threads:[~2013-12-03 11:33 UTC|newest]

Thread overview: 46+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2013-12-01 11:51 [Bitcoin-development] Floating fees and SPV clients Mike Hearn
2013-12-01 12:15 ` Andreas Schildbach
2013-12-01 13:41   ` Mike Hearn
2013-12-01 16:50     ` Andreas Schildbach
2013-12-01 17:19       ` Mike Hearn
2013-12-01 17:40         ` Andreas Schildbach
2013-12-01 17:52           ` Mike Hearn
2013-12-01 18:12         ` Peter Todd
2013-12-01 18:18           ` Mike Hearn
2013-12-01 18:37             ` Peter Todd
2013-12-02 13:54         ` Patrick Mead
2013-12-02 14:33           ` Mike Hearn
2013-12-02 14:37             ` Jeff Garzik
2013-12-02 14:44               ` Mike Hearn
2013-12-02 14:47                 ` Jeff Garzik
2013-12-03  1:40                 ` Gavin Andresen
2013-12-03 10:06                   ` Mike Hearn
2013-12-03 10:36                     ` Drak
2013-12-03 10:45                       ` Mike Hearn
2013-12-03 11:04                         ` Drak
2013-12-03 11:07                     ` Gavin Andresen
2013-12-03 11:29                       ` Mike Hearn
2013-12-03 11:37                         ` Peter Todd
2013-12-03 11:41                         ` Gavin Andresen
2013-12-03 11:46                           ` Mike Hearn
2013-12-03 11:54                             ` Gavin Andresen
2013-12-03 12:05                             ` Drak
2013-12-03 11:57                         ` Taylor Gerring
2013-12-03 12:07                           ` Peter Todd
2013-12-03 13:20                             ` Jamie McNaught
2013-12-03 13:20                           ` Mike Hearn
2013-12-03 13:48                             ` Taylor Gerring
2013-12-03 13:54                               ` Mike Hearn
2013-12-03 14:42                             ` Quinn Harris
2013-12-04  1:45                       ` Jeremy Spilman
2013-12-04 10:40                         ` Mike Hearn
2013-12-04 10:57                           ` Peter Todd
2013-12-04 11:09                             ` Mike Hearn
2013-12-04 13:06                               ` Peter Todd
2013-12-04 13:48                                 ` Mike Hearn
2013-12-04 21:51                                   ` Peter Todd
2013-12-03 11:03                   ` Peter Todd
2013-12-03 11:09                     ` Drak
2013-12-03 11:33                       ` Peter Todd [this message]
2013-12-04  5:50                   ` kjj
2013-12-03 11:31 ` Peter Todd

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