Bitcoin is more like aluminum than gold. In order to transfer value it takes much longer and costs vastly more than any other crypto of comparable monetary function.
sooooo... xmr tx fee is cheaper than bitcoin now ?
https://bitinfocharts.com/comparison/transactionfees-btc-xmr.html#3m
EDIT :
BTC av tx fee 3.4 usd
xmr av tx fee 6.5 usd
BTC transfers have been clearing next block for under 10 cents recently. XMR about 75 cents. I don't know who is paying more, but it is free choice for the most part.
It would be nice if the client could tell you the optimal fee to pay for a desired outcome based on recent data. Like:
1) 90% chance on next block 97% chance on second block 99% chance on third = 0.01xmr fee
2) 80% chance on next block 90% chance on second block 97% chance on third = 0.005xmr fee
3) 70% chance on next block 85% chance on second block 94% chance on third = 0.002xmr fee
Or maybe like this:
1) 1 block till >99% chance, <1% chance of never getting included = 0.01xmr fee
2) 3 blocks till 99% chance, 2 blocks till 80% chance, 1 blocks till 50% chance, <1% chance of never getting included = 0.005xmr fee
3) 8 blocks till 99% chance, 4 blocks till 80% chance, 2 blocks till 50% chance, 5% chance of never getting included = 0.002xmr fee
Just a few relevant useful datapoints for potential expectations. Of course this would be based on what would have gotten you included in the last few blocks and projecting that into the future and we all know past performance isn't necessarily an indicator of future success but none the less it could get pretty close most of the time I think.
Does anyone know how feasible that is? If there are any particular challenges to implementing something like that?
Or maybe I'm just wondering why the client is currently so wildly off in its recommendation if transactions are really clearing for 75 cents next block?