Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 43A4494B for ; Thu, 10 May 2018 13:05:30 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-qt0-f172.google.com (mail-qt0-f172.google.com [209.85.216.172]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 94B066A8 for ; Thu, 10 May 2018 13:05:29 +0000 (UTC) Received: by mail-qt0-f172.google.com with SMTP id h2-v6so2394162qtp.7 for ; Thu, 10 May 2018 06:05:29 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; h=mime-version:in-reply-to:references:from:date:message-id:subject:to; bh=o/oy0sIju2HSRvPaTSF2NqvdKsoqCnfAStsmQAfW5UA=; b=Kenk5wPxbuPyL5cxY5GjKOPNhrI3xApRESiOT/nwFWSRWt5fxMnFp0wXyyBZrWrOY6 rdbPsuIW5J8FQ0maJKR3kAkyCjvFJnsH4eOjEd58wID52KdW0WmhNivAcELiV306o/iX go5JX7DQKMKvkGiI65OCVP9+pjKEumBoOu0LEmU1Lp9oCtmdInJc3FqMtO598KYZa2kR 4cLoEKMkHqSHweNg+H8f0PH0gowg1gxl+MoXIiVdHcauK4qqEW1pTtEgWsupmreKNsep C1ERWeifbBZXZ9MrwTykQuWy9Jd8rl84dWMaz6dVUh0Z6iEZjcqlq+k32f0VZqkvF2vo XsEg== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:mime-version:in-reply-to:references:from:date :message-id:subject:to; bh=o/oy0sIju2HSRvPaTSF2NqvdKsoqCnfAStsmQAfW5UA=; b=b+L+d3TaNkYEwwbz19r4V/4rkyJ37xItmRQYwq8HKXhV/cIDwa/jnwxIPWcoLntkuF CWcNM3d3ZgDILni6TVGrC977WTii4tXSkD5p1nRwBHgPpmC/ZY36+IakmDooJzA2cnBS qQaSDt4C/FLc79SEBOmz8586tPRGRnS5hemFQK6wUjDP8OrWzIYb/sh32w1jy97UJw/d xS0ZLJrQokEX6vTqQK0UQi+TJl8UbRF+s/Bx28D+awFCIMN5Zl9WMYfL1TeP/IDpQgqK rsCjjMa2Wzi7bOKtaOdaFB4ZATUrtAMEb2+uCyG0/bdAlvLbn99i6s0yDQc6YIT/cxzc kUAg== X-Gm-Message-State: ALKqPwetnv9G3wHPCA2IylK5F67l7/Wi0Jb+7V6YAtnTPRrYoBxZKqa8 5iWWvYBUfJWFzFzaAynQxWH35ipqRzp2sCO9mdtGxQ== X-Google-Smtp-Source: AB8JxZrZlO9NZ3FIXqueobOsK9jZBHNTVAwe4TkngIH6ZmG4bdnF6m6CG9jjx5o1dDdrRb5gcivPLeYrU/P52kXgpzQ= X-Received: by 2002:ac8:2f44:: with SMTP id k4-v6mr1221240qta.151.1525957528390; Thu, 10 May 2018 06:05:28 -0700 (PDT) MIME-Version: 1.0 Received: by 10.200.3.161 with HTTP; Thu, 10 May 2018 06:05:27 -0700 (PDT) In-Reply-To: References: From: Alex Morcos Date: Thu, 10 May 2018 09:05:27 -0400 Message-ID: To: st-bind@posteo.de, Bitcoin Protocol Discussion Content-Type: multipart/alternative; boundary="0000000000006c1172056bd9ace8" X-Spam-Status: No, score=-2.0 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, HTML_MESSAGE, RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: Re: [bitcoin-dev] Idea: More decimal places for lower minimum fee X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 10 May 2018 13:05:30 -0000 --0000000000006c1172056bd9ace8 Content-Type: text/plain; charset="UTF-8" Fee rates in Bitcoin Core are measured in satoshis/kB. There are a couple places where a minimum of 1000 satoshis/kB is assumed. Setting "incrementalrelayfee" to a smaller than default value and either leaving "minrelaytxfee" unset or also setting it smaller will be sufficient to allow your node to accept and relay transactions with smaller fee rates. Of course without the rest of the network making these changes and/or the miners being willing to mine those transactions, it won't be of much benefit. Fee estimation doesn't distinguish fee rates less than 1000 sats/kB. This would be more substantial to change. On Thu, May 10, 2018 at 4:10 AM, st-bind--- via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Currently, the minimum fee of 1 satoshi per byte corresponds to about 0.09 > USD per kB, which is no longer insignificant. Maybe the time has come now > to introduce more decimal places and make the minimum fee 1 of the new > smallest unit. This way, everyday payments would again be possible with > virtually no fee without flooding the mempool with free spam transactions. > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > --0000000000006c1172056bd9ace8 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
Fee rates in Bitcoin Core are measured in satoshis/kB.=C2= =A0 =C2=A0There are a couple places where a minimum of 1000 satoshis/kB is = assumed.

Setting "incrementalrelayfee" to a sm= aller than default value and either leaving "minrelaytxfee" unset= or also setting it smaller will be sufficient to allow your node to accept= and relay transactions with smaller fee rates.=C2=A0 Of course without the= rest of the network making these changes and/or the miners being willing t= o mine those transactions, it won't be of much benefit.

<= /div>
Fee estimation doesn't distinguish fee rates less than 1000 s= ats/kB.=C2=A0 This would be more substantial to change.



On Thu, May 10, 2018 at 4:10 AM, st-bind--- via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:
Currently, the minimum fee of 1 satoshi per= byte corresponds to about 0.09 USD per kB, which is no longer insignifican= t. Maybe the time has come now to introduce more decimal places and make th= e minimum fee 1 of the new smallest unit. This way, everyday payments would= again be possible with virtually no fee without flooding the mempool with = free spam transactions.
_______________________________________________
bitcoin-dev mailing list
= bitcoin-dev@lists.linuxfoundation.org
https://lists.linuxfoundation.org= /mailman/listinfo/bitcoin-dev

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