Topic: bitcoin-qt transaction fees. (Read 613 times)

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: lch on June 06, 2013, 10:49:24 AM

But I would argue, transaction will not reduce a great deal because large transactions are few are far between.

Unfortunately large transactions (not in BTC amount but in KB) are now more and more common due to things like SatoshiDice and various faucets filling up peoples wallets with *dust* (uselessly small amounts of BTC).

This is why there have been quite a few posts recently about transactions "not being processed".

lch

newbie

Activity: 28

Merit: 0

The typical transaction fees is 0.0005BTC. However, there are exceptions which include priority and the size of the transaction. The behaviour of the exceptions are confusing people.

I propose that transaction fees be constant with no exceptions.

If fees are constant the implementation and the users mental model will be simple. The user's mental mode is made simple by eliminating unexpected behaviour such as large transaction sizes causing a change in transaction fees.

The downside, is that the total amount of transaction fees paid will be reduced. But I would argue that, total transaction fees would stay stable, because the the exempted transactions and transactions that carry large fees will even each other out.

Bitcoin Forum>Bitcoin>Development & Technical Discussion

Jump to: