ManojNimbalkar / bitcoin-wallet

Automatically exported from code.google.com/p/bitcoin-wallet
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custom transaction fee #236

Closed GoogleCodeExporter closed 9 years ago

GoogleCodeExporter commented 9 years ago
Or at least set it as a percentage. It's nice to demonstrate bitcoins by 
transmitting tiny amounts from my tablet to my phone and back, but it ruins it 
if the money all disappears.

thanks

Original issue reported on code.google.com by chintch...@googlemail.com on 21 Oct 2013 at 9:52

GoogleCodeExporter commented 9 years ago
It's not like the network allows you to choose the fee freely.

The app (or rather bitcoinj) already picks the lowest possible fee for you, 
while at the same time ensuring speedy confirmation times.

Original comment by andreas....@gmail.com on 21 Oct 2013 at 10:35

GoogleCodeExporter commented 9 years ago
Issue 258 has been merged into this issue.

Original comment by andreas....@gmail.com on 5 Dec 2013 at 8:46

GoogleCodeExporter commented 9 years ago
Sorry, I didn't mean to file a duplicate, I didn't see this issue since it is 
status invalid.

I disagree, I think this functionality is important.  Many pools will accept 
zero-fee or lower-than-default fee transactions.  Also, sometimes you are 
making a large transaction (which is higher-priority by default anyways) or a 
very small transaction that you don't care if it is slow.

Finally, the actual cost to the network to process a transaction is born in 
fiat currency, so when the value of bitcoins goes up, the fee should go down.  
At $1200/BTC, the default fee is 12 cents per transaction.  That is way too 
much for the micropayment usecase.

I'm not saying change the default, I'm saying let me change the default.  Have 
a "I know what I'm doing" checkbox first even.  Please?

Original comment by theterab...@gmail.com on 5 Dec 2013 at 10:40

GoogleCodeExporter commented 9 years ago
For the floating fee discussion, see the recent thread on the bitcoin-dev 
mailing list (and various other discussions there).

Allowing any fee below the minimum creates too much support issues for me, 
because if indefinitely delayed transactions and hundreds of users complaining. 
Thus, I decided against it. You're welcome to fork your own version of the app 
-- it's open source.

Original comment by andreas....@gmail.com on 5 Dec 2013 at 10:51

GoogleCodeExporter commented 9 years ago
Thanks for explaining your reasoning.  I suppose that makes sense.  If it 
becomes a big enough problem for me, maybe I will fork.  Hopefully the bitcoin 
devs floating fee plans will fix everything.

Also, thanks for this app - it really is superb and I recommend it to people 
all the time.

Original comment by theterab...@gmail.com on 5 Dec 2013 at 10:56