[Bitcoin-development] Temporary fee fix

[Bitcoin-development] Temporary fee fix

[Andreas Petersson]

I know we should all be brainstorming and working on a new fee market.
But fact is, it will still take some time and in the meantime users will
continue to shout insults at us for the high "fixed" fee of 0,1 mBtc.
Even banks sometimes have less fees. (1 of 5 Play Store reviews of
Mycelium seem to mention high fees recently)

My suggestion: until the market is established let's lower the minimum
relay fee per kb to something less. 0,01 mBtc comes to mind. (of course
pulling this number out of thin air)

Re: [Bitcoin-development] Temporary fee fix

[Wladimir]

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On Fri, Dec 6, 2013 at 3:44 AM, Andreas Petersson <andreas@petersson.at>wrote:

> I know we should all be brainstorming and working on a new fee market.
> But fact is, it will still take some time and in the meantime users will
> continue to shout insults at us for the high "fixed" fee of 0,1 mBtc.
> Even banks sometimes have less fees. (1 of 5 Play Store reviews of
> Mycelium seem to mention high fees recently)
>
> My suggestion: until the market is established let's lower the minimum
> relay fee per kb to something less. 0,01 mBtc comes to mind. (of course
> pulling this number out of thin air)
>

This was considered (see https://github.com/bitcoin/bitcoin/pull/3305) but
deemed to risky for 0.8.6 at the last moment, see the linked pull request
for details.

It will go into 0.9, at least if the full floating fee implementation isn't
yet ready and deemed safe by then.

Wladimir

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