From: Peter Todd <pete@petertodd•org>
To: Drak <drak@zikula•org>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Floating fees and SPV clients
Date: Tue, 3 Dec 2013 06:33:21 -0500 [thread overview]
Message-ID: <20131203113321.GB12623@tilt> (raw)
In-Reply-To: <CANAnSg10KnY=oSM61onYjw5Fp==BwByEeoZUXWfzHqNFjsHYGA@mail.gmail.com>
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On Tue, Dec 03, 2013 at 11:09:51AM +0000, Drak wrote:
> On 3 December 2013 11:03, Peter Todd <pete@petertodd•org> wrote:
>
> > UI once both are implemented is to not show anything in the default
> > case, and explain to the user why they have to pay extra in the unusual
> > case where they are spending a whole bunch of dust.
>
>
> Yes, that's the other problem with a merchant setting a fee - they have no
> idea how large the transaction might be. If you spend a bunch of dust the
> fee could be 2 or 3x the expected fee. Then you might get merchants
> including higher fees by default to account for this. That means we end up
> paying more per kb over time.
Right, which is solved by requiring a fee-per-kb, and only allowing up
to a certain amount to be deducted from the amount paid to pay that
total fee.
But really, we're better off leaving fees visible to the user in the
first place: they're how Bitcoin works and it's not going to change.
(was just talking to Taylor from Hive Wallet about that in person
actually)
--
'peter'[:-1]@petertodd.org
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next prev parent reply other threads:[~2013-12-03 11:33 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
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 [this message]
2013-12-04 5:50 ` kjj
2013-12-03 11:31 ` Peter Todd
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