Author

Topic: Transaction fees are set by core developers, not by the market (Read 738 times)

hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

I wouldn't call it Satoshi's client anymore. It's more of The Bitcoin Foundation's client. That I know of Satoshi no longer works on the development of the Bitcoin wallet. 
legendary
Activity: 2786
Merit: 1031
Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

Watch this: http://www.youtube.com/watch?v=JfF5mJDgZWc

I believe Gavin addresses this issue, sorry I cannot point to the exact minute.
hero member
Activity: 490
Merit: 501
Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

Are you sure? I'm using bitcoin-qt and i managed to get it that low playing around. check the pull-downs.
alp
full member
Activity: 284
Merit: 101
Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

Whether or not to use Satoshi's client is decided by the market.  Game over.
member
Activity: 67
Merit: 10
Use a different client. Then watch as no one relays your transaction. You might also be able to do it by providing a command-line flag at boot (I have not tested this):

-paytxfee=        Fee per KB to add to transactions you send

Right now the effective fees are just the default ones in the software. There's plans to make this more dynamic https://gist.github.com/gavinandresen/2961409.
legendary
Activity: 2142
Merit: 1010
Newbie
Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?
Jump to: