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Fees for bitcoin are already low-to-non-existent and you can find payment processors with fairly small fees that have an absolute maximum.
For our first version we are using a model with several steps of the same amount (limited by the initial deposit) but we have an idea of how to use non-uniform steps to minimize fiat fees and number of fiat payments (and therefore fees).
For our first version we are using a model with several steps of the same amount (limited by the initial deposit) but we have an idea of how to use non-uniform steps to minimize fiat fees and number of fiat payments (and therefore fees).
Totally agree -- this platform looks very cool -- the deposit approach is pretty elegant.
The deposit approach *is* elegant but there is a bootstrapping issue with it. If the fiat currency holder has only fiat currency and *no* bitcoins then he can't put up the bitcoin deposit to start the Coinffeine-based exchange which he wants to carry out in order to get bitcoins. :-(
The amount you can buy is proportional to the amount of bitcoin you have. In principle, with very small initial amounts you can initiate a series of exponentially bigger exchanges. You can find those initial amounts from sources like faucets and, the authors of Coinffeine are considering different ways of providing this small amounts.
BTW, I'm one of the developers
Hola Tronch, ¿cuál es la parte que no entiendes?
Es como jugar a la carta más alta, sólo que generando números pseudoaleatorios. Lo interesante es que se utiliza la criptografía para que puedas verificar que el juego ha sido justo sin necesidad de confiar en el código de la página.
Es como jugar a la carta más alta, sólo que generando números pseudoaleatorios. Lo interesante es que se utiliza la criptografía para que puedas verificar que el juego ha sido justo sin necesidad de confiar en el código de la página.
Hello all,
I've been reading the wiki section on contracts (https://en.bitcoin.it/wiki/Contracts#Example_4:_Using_external_state) and I have a question regarding the output signature you should add to use oracles. Are this transactions considered standard? Are propagated or rejected?
I've been reading the wiki section on contracts (https://en.bitcoin.it/wiki/Contracts#Example_4:_Using_external_state) and I have a question regarding the output signature you should add to use oracles. Are this transactions considered standard? Are propagated or rejected?
Hello all,
I'm pretty new in this forum and this is my first topic --despite I've been reading some bits for a while-- so be easy on me.
After reading about the new transaction fees policy [1] in which it is explained that blocks have a maximum size of 250000 bytes I was surprised as in other points of the wiki it is explained to be 1 MB. Are miners generating smaller blocks now? Or is it only the default client behavior?
I suppose we can report the outdated parts if the limit has really changed.
Well, thanks in advance
[1]: https://en.bitcoin.it/wiki/Transaction_fees
I'm pretty new in this forum and this is my first topic --despite I've been reading some bits for a while-- so be easy on me.
After reading about the new transaction fees policy [1] in which it is explained that blocks have a maximum size of 250000 bytes I was surprised as in other points of the wiki it is explained to be 1 MB. Are miners generating smaller blocks now? Or is it only the default client behavior?
I suppose we can report the outdated parts if the limit has really changed.
Well, thanks in advance
[1]: https://en.bitcoin.it/wiki/Transaction_fees