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From: Dave Scotese <dscotese@litmocracy.com>
Date: Mon, 5 Jul 2021 09:39:40 -0700
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To: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
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Subject: [bitcoin-dev] Fee estimation requirements
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At https://github.com/bitcoin/bitcoin/issues/22404#issuecomment-874168305
no explanation is given for a peculiar rule about estimating fees, that "you
have to wait around for a couple of blocks *after* being synced before fee
estimation will work." The rule is true, but it needn't be true, and the
software would be more useful if it were not true. If it does seem
impossible to break this rule, perhaps some brainstorming is in order. I
estimate fees quite often on my own, although I am trusting the block
explorers in their reporting of the fees for the most recent blocks. The
software doesn't need to trust anything once it has been synced.
If this is simply a matter of priorities, it would be useful to point that
out.
Dave.
--00000000000056041505c662f4e4
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">At=C2=A0<a href=3D"https://github.com/bitcoin/bitcoin/issu=
es/22404#issuecomment-874168305">https://github.com/bitcoin/bitcoin/issues/=
22404#issuecomment-874168305</a> no explanation is given for a peculiar rul=
e about estimating fees, that "<span style=3D"color:rgb(36,41,46);font=
-family:-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Ari=
al,sans-serif,"Apple Color Emoji","Segoe UI Emoji";font=
-size:14px">you have to wait around for a couple of blocks=C2=A0</span><em =
style=3D"box-sizing:border-box;color:rgb(36,41,46);font-family:-apple-syste=
m,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif,"=
Apple Color Emoji","Segoe UI Emoji";font-size:14px">after</e=
m><span style=3D"color:rgb(36,41,46);font-family:-apple-system,BlinkMacSyst=
emFont,"Segoe UI",Helvetica,Arial,sans-serif,"Apple Color Em=
oji","Segoe UI Emoji";font-size:14px">=C2=A0being synced bef=
ore fee estimation will work.</span>"=C2=A0 The rule is true, but it n=
eedn't be true, and the software would be more useful if it were not tr=
ue.=C2=A0 If it does seem impossible to break this rule, perhaps some brain=
storming is in order.=C2=A0 I estimate fees quite often on my own, although=
I am trusting the block explorers in their reporting of the fees for the m=
ost recent blocks.=C2=A0 The software doesn't need to trust anything on=
ce it has been synced.<div><br></div><div>If this is simply a matter of pri=
orities, it would be useful to point that out.</div><div><br></div><div>Dav=
e.</div></div>
--00000000000056041505c662f4e4--
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