Post
Topic
Board Development & Technical Discussion
Re: Did v0.11.1 break micro-transactions?
by
Foxpup
on 18/10/2015, 07:11:59 UTC
I am using the cli and I do not see any way to get this recommended number and never even knew that it existed.
You get the recommended fee by not overriding it with -paytxfee or settxfee. By default, Bitcoin Core will automatically set a fee to try to ensure your transaction will probably confirm within the next 2 blocks; the number of blocks can be changed with the -txconfirmtarget option. You can query the current fee estimate at any time with the estimatefee n command, where n is the desired confirmation time in blocks (this fee is per kb).

Also, if Bitcoin can't handle micro-transactions then it cannot scale. Let's hope that isn't the case.
That statement makes no sense. Microtransactions constitute very low volume, and current high-volume transaction networks do not handle microtransactions, almost by definition. In any case, hoping for a thing will not make it so.