ReinProject / python-rein

Client for a decentralized freelancing market
https://reinproject.org
GNU General Public License v3.0
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Problem: Rein economics fail when transaction fees are high #143

Open weex opened 3 years ago

weex commented 3 years ago

The smallest payment in a typical job is the one paid to the mediator, usually a small percentage of the total job cost. For example, let's say a job is $100 in value (currently 0.00308 btc) and the mediator fee is 1% of that(0.0000308 or 3080 satoshis). It's not uncommon for Bitcoin network fees to be greater than 10000 satoshis when the market's hot and at those times, on-chain mediator payment makes no sense.