Topic: Bitcoin GUI: can't reject 0.01BTC fee when sending small transactions (Read 1691 times)
Clients should ideally open a prompt with information on expected "today" (default) fee, minimum fee, and "ASAP" fee, and let the user decide what fee specifically to pay. There should also be a checkbox to override the minimum and allow a lower fee. For example, you can send amounts under 0.01 BTC for only 0.00004096 BTC fee today (approx confirm every 3-4 hours), but the existing clients make it impossible...
May 08, 2011, 12:26:59 PM
I see no reason why the bitcoin GUI shouldn't allow to send low priority transanctions when sending small amounts. It could just add a warning: "if you do not pay a fee, your transaction may take a long time to be processed (a day?)". Also (but I think this has been suggested already), it should be possible to pay "milliBTC" fees. Paying a 0.01BTC fee when you are sending 0.05BTC is just not acceptable.
Some, you are right and I would agree with something added like this.
That said, I'd like to see something like this for other low-priority transactions. For example transactions which are very low priority, but which will eventually be confirmed, the client should ask you if you want to add a fee large enough to get out of the "very low priority transaction" level which puts your tx in a much smaller restriction of size/block in the standard client.
Despite the potential for spam, I would like to see more space available per block for "very low priority transactions" as its not like the rest of the space is anywhere near used right now anyway.
May 08, 2011, 11:53:51 AM
I agree, but if you wait a day or two for the coins to age, you should be able to send without a fee. This is to prevent noobs from sending low priority txs that might not be confirmed for days.
Ideally, there'd be an explanation of how it works with an Ok, I will pay the fee, No, don't pay the fee but send the tx, and cancel options.
Ideally, there'd be an explanation of how it works with an Ok, I will pay the fee, No, don't pay the fee but send the tx, and cancel options.
May 08, 2011, 11:32:11 AM
I see no reason why the bitcoin GUI shouldn't allow to send low priority transanctions when sending small amounts. It could just add a warning: "if you do not pay a fee, your transaction may take a long time to be processed (a day?)". Also (but I think this has been suggested already), it should be possible to pay "milliBTC" fees. Paying a 0.01BTC fee when you are sending 0.05BTC is just not acceptable.
Jump to: