Post
Topic
Board Bitcoin Discussion
Re: Some business/developers misunderstand how bitcoin fees works
by
franky1
on 02/10/2023, 00:24:31 UTC
the question still remains.. who says that people should be forced to pay a minimum of 1sat/byte

if everyone today decided that 1sat/decabyte was a thing. then a 226byte tx would be 23sat instead of 226sat starting point where the competition for priority can start from a lower spend amount

and eventually we can move to 1 sat/kbyte were all transactions under 1kb are just 1 sat starting point but where a 226byte tx gets more priority than a 408byte tx because pools would rather have 4x tx's of 226 paying a total of 4 sat combined for the 1kbyte space. tather then 2x of 408 paying jsut 2sat for the 1kb space.. rather than 1tx of nearly 1kb paying just 1sat total for 1kb space

we need to move away from the centralised wallets that have default fee estimation code. and start to make wallets or use wallets that allow custom fee formulae. especially ones that are not designed to pump a fee war and instead attempt to make things better for users while still punishing the bloaters