The default for the `-minrelaytxfee` setting has been increased from `0.00001`to `0.00005`in core 0.11.1
Thanks. I am aware of that, but my concern is that even with setting a fee of 0.00005/kb many transactions no longer propagate. I am wondering if others are seeing this problem or if the fact I am issuing many micro-transactions is causing other nodes to blacklist me or something.
Well with the recent spam attacks, a lot of people have been setting -minrelaytxfee to something a lot higher which prevents a lot of low fee transactions from propogating.
It sounds like this is probably the reason because I started seeing issues around 10/13 and 0.11.1 came out 10/15. I remember seeing people recommending changing minrelaytxfee when the reddit post came out.
This really needs to be addressed because it is breaking the core functionality of bitcoin. We can argue about big blocks and txfees but if it becomes impossible to determine what minimum criteria is necessary to propagate a transaction then bitcoin becomes useless.
At the bare minimum we need a mechanism to determine what fee is necessary to propagate a transaction. Forcing users to guess with real money does not make for a robust or useable system.
I feel it is somewhat reckless the way these current changes were introduced. I know some people do not want to see Bitcoin used for micro-transactions but there is no way the next 7 billion users will come online without them. The services that depend on micro-transactions will simply move to a new alt and that is what will become the defacto standard for onboarding new users.