Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gab0
on 12/11/2017, 16:20:41 UTC
Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

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I want to send someone $200 in bitcoin....what fee would ensure it happens inside 24 hours?
Quote
The fastest and cheapest transaction fee is currently 950 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 214,700 satoshis.
https://bitcoinfees.earn.com/

Probably an overestimation. Just wait until the hashrate is back up as it should be.

It is not an over estimate. I made a transaction with a fee of $ 8 (129,217 satoshis), and after 6 hours it can not be confirmed.

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Just a little reminder about what Bitcoin was originally planned to be:

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

And then think again which of the lately numerous Bitcoin-versions comes closest to this vision and therefore would rightly deserve to call itself "Bitcoin".

Hint. It may eventually not be the version you are prefering.

Thank you very much for that "reminder". It is always very interesting to reread what Satoshi thought about his long term perspective in the development of bitcoin.