Post
Topic
Board Development & Technical Discussion
Re: Signed transactions for distribution
by
Eli
on 22/05/2012, 17:04:09 UTC
% based fees are not possible as the network doesn't know the size of the tx.

Also don't you think % base fees reek of old world thinking.  How much more does it cost to accept a 1,000,000 BTC tx than it does to accept a 100 BTC tx.

You've got a point. What about a flat rate of about 10c for every transaction above $10? Would that seem more "new world thinking"? what about 1c?

I'm not trying to make money out of this - my thinking is how to get these nodes operational as soon as possible, and to get them operational you need to provide an incentive to node operators to hassle for the installation and maintenance of these node. Without a solid monetary compensation these nodes will not exist, and there willb e only nodes that are donated to the community that will not be able to support massive amounts of users.

I want to create Safebit with an option to have a slim wallet, meaning it doesn't need to connect to the bitcoin network in order to operate - for this to be viable I can either create my own servers/nodes that would accept TXs from Safebit users and would process them (free or otherwise), but then I hit a wall of becoming a "centralized" banking service with a new take on it, or I can create a way for other people to have incentive to create these nodes/servers by paying them - I can pay them directly but than again - I have the control over these server, or I can create a node that would operate at a cost to the user, but would provide valuable service in return that the users would feel that it's a fair deal.

If these nodes are following a certain guideline, and have basically the same features across many different nodes/server, and from the user point of view he simply wants to find the node that will process his transaction quicker, and these node operators would earn money based on the amount of incoming transactions that they push to the network.