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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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--089e01493e440f515204ec9f5717
Content-Type: text/plain; charset=UTF-8
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.
--089e01493e440f515204ec9f5717
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On 3=
December 2013 11:03, Peter Todd <span dir=3D"ltr"><<a href=3D"mailto:pe=
te@petertodd.org" target=3D"_blank">pete@petertodd.org</a>></span> wrote=
:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-le=
ft:1px #ccc solid;padding-left:1ex">
<div class=3D"im"><span style=3D"color:rgb(34,34,34)">UI once both are impl=
emented is to not show anything in the default</span><br></div>
case, and explain to the user why they have to pay extra in the unusual<br>
case where they are spending a whole bunch of dust.</blockquote><div><br></=
div><div>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 merch=
ants including higher fees by default to account for this. That means we en=
d up paying more per kb over time.</div>
</div></div></div>
--089e01493e440f515204ec9f5717--
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