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authorTaylor Gerring <taylor.gerring@gmail.com>2013-12-03 12:57:23 +0100
committerbitcoindev <bitcoindev@gnusha.org>2013-12-03 11:59:17 +0000
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parent46ad5eb7ae3be05702f241a6b22c5eed8e495a5e (diff)
downloadpi-bitcoindev-abc9ef83e72b66501ad9238d3258e0c4873a2e4f.tar.gz
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Re: [Bitcoin-development] Floating fees and SPV clients
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+From: Taylor Gerring <taylor.gerring@gmail.com>
+In-Reply-To: <CANEZrP0P9NTJXs22K8-4hnLkxV7Uo+tjvWKJ8msgxiFgJW6xvg@mail.gmail.com>
+Date: Tue, 3 Dec 2013 12:57:23 +0100
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Floating fees and SPV clients
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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=92s 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=92s =
+okay to have a fee if it=92s reasonable, so let=92s 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=92m of the =
+opinion that we should inform the user in an intuitive way to let them =
+make an informed decision.=
+
+--Apple-Mail=_90B85D20-1FD8-4B03-A7A1-33B4072408B7
+Content-Transfer-Encoding: quoted-printable
+Content-Type: text/html;
+ charset=windows-1252
+
+<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html =
+charset=3Dwindows-1252"></head><body style=3D"word-wrap: break-word; =
+-webkit-nbsp-mode: space; -webkit-line-break: =
+after-white-space;"><div><br></div><div><div>On Dec 3, 2013, at 12:29 =
+PM, Mike Hearn &lt;<a =
+href=3D"mailto:mike@plan99.net">mike@plan99.net</a>&gt; wrote:</div><br =
+class=3D"Apple-interchange-newline"><blockquote type=3D"cite"><span =
+style=3D"font-family: Helvetica; font-size: 12px; font-style: normal; =
+font-variant: normal; font-weight: normal; letter-spacing: normal; =
+line-height: normal; orphans: auto; text-align: start; text-indent: 0px; =
+text-transform: none; white-space: normal; widows: auto; word-spacing: =
+0px; -webkit-text-stroke-width: 0px; float: none; display: inline =
+!important;">It may be acceptable that receivers don't always receive =
+exactly what they requested, at least for person-to-business =
+transactions. &nbsp;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.</span></blockquote></div><br><div><br></div><div>&gt; =
+person-to-business transactions. &nbsp;For person-to-person =
+transactions</div><div>Why should there be two classes of transactions? =
+Where does paying a local business at a farmer=92s stand lie in that =
+realm? Transactions should work the same regardless of who is on the =
+receiving end.</div><div><br></div><div>&gt;&nbsp;any fee at all is =
+confusing because you intuitively expect that if you send 1 mBTC, then 1 =
+mBTC will arrive the other end</div><div>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? &nbsp;It=92s okay to have a fee if =
+it=92s reasonable, so let=92s inform the user what the estimated cost is =
+to send a transaction in a reasonable amount of =
+time.</div><div><br></div><div>&gt; &nbsp;wonder if we'll end up in a =
+world where buying things from shops involves paying fees</div><div>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.</div><div><br></div><div><br></div><div>Fees are only =
+confusing because existing clients do a terrible job of presenting the =
+information to the user. In Hive Wallet, I=92m of the opinion that we =
+should inform the user in an intuitive way to let them make an informed =
+decision.</div></body></html>=
+
+--Apple-Mail=_90B85D20-1FD8-4B03-A7A1-33B4072408B7--
+
+