From: Taylor Gerring <taylor.gerring@gmail•com>
To: Mike Hearn <mike@plan99•net>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Floating fees and SPV clients
Date: Tue, 3 Dec 2013 12:57:23 +0100 [thread overview]
Message-ID: <05CEDEB4-BA29-4ED3-8CFC-D3504727DB4D@gmail.com> (raw)
In-Reply-To: <CANEZrP0P9NTJXs22K8-4hnLkxV7Uo+tjvWKJ8msgxiFgJW6xvg@mail.gmail.com>
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On Dec 3, 2013, at 12:29 PM, Mike Hearn <mike@plan99•net> wrote:
> It may be acceptable that receivers don't always receive exactly what they requested, at least for person-to-business transactions. For person-to-person transactions of course any fee at all is confusing because you intuitively expect that if you send 1 mBTC, then 1 mBTC will arrive the other end. I wonder if we'll end up in a world where buying things from shops involves paying fees, and (more occasional?) person-to-person transactions tend to be free and people just understand that the money isn't going to be spendable for a while.
> person-to-business transactions. For person-to-person transactions
Why should there be two classes of transactions? Where does paying a local business at a farmer’s stand lie in that realm? Transactions should work the same regardless of who is on the receiving end.
> any fee at all is confusing because you intuitively expect that if you send 1 mBTC, then 1 mBTC will arrive the other end
The paradigm of sending money has an explicit cost is not new... I think people are used to Western Union/PayPal and associated fees, no? It’s okay to have a fee if it’s reasonable, so let’s inform the user what the estimated cost is to send a transaction in a reasonable amount of time.
> wonder if we'll end up in a world where buying things from shops involves paying fees
I stayed in a hotel for the first night here here in Milan, and there was an (anticipated) surcharge for the use of credit over cash. Again, nothing new here.
Fees are only confusing because existing clients do a terrible job of presenting the information to the user. In Hive Wallet, I’m of the opinion that we should inform the user in an intuitive way to let them make an informed decision.
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next prev parent reply other threads:[~2013-12-03 11:59 UTC|newest]
Thread overview: 46+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-12-01 11:51 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 [this message]
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
2013-12-04 5:50 ` kjj
2013-12-03 11:31 ` Peter Todd
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