Post
Topic
Board Development & Technical Discussion
Re: Discussion: optimization of mempool fee levels
by
ETFbitcoin
on 19/04/2019, 17:11:41 UTC
Decimal Places.

People start at the lowest and work up. Normal non-spam users would linger in the lowest levels. Why not.

What would happen if - just hypothetically - Bitcoin had 16 decimal places and not 8 ?

1 satoshini was 1*10-16 BTC.. transaction fee priced in satoshini / byte.

I think fees would come down, but not by as much as 8 decimal places.


Why not? The idea of adding more decimal / allow smaller fraction of Bitcoin has been suggested for years, even though most people would wait until Bitcoin price is very high.

But since it requires hard-fork, there are better & easier alternatives such as make default minrelayfee on Bitcoin full-node client become 1 satoshi.