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Author Topic: Transaction fees are set by core developers, not by the market  (Read 715 times)
Come-from-Beyond (OP)
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August 09, 2013, 07:07:52 PM
 #1

Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?
EmperorBob
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August 09, 2013, 07:50:06 PM
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Use a different client. Then watch as no one relays your transaction. You might also be able to do it by providing a command-line flag at boot (I have not tested this):

-paytxfee=<amt>        Fee per KB to add to transactions you send

Right now the effective fees are just the default ones in the software. There's plans to make this more dynamic https://gist.github.com/gavinandresen/2961409.
alp
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August 09, 2013, 07:52:20 PM
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Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

Whether or not to use Satoshi's client is decided by the market.  Game over.

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Trongersoll
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August 09, 2013, 08:35:20 PM
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Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

Are you sure? I'm using bitcoin-qt and i managed to get it that low playing around. check the pull-downs.
pedrog
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August 09, 2013, 08:47:52 PM
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Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

Watch this: http://www.youtube.com/watch?v=JfF5mJDgZWc

I believe Gavin addresses this issue, sorry I cannot point to the exact minute.

The 4ner
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August 09, 2013, 08:52:49 PM
 #6

Satoshi's client doesn't allow to set arbitrary fee (0.00000001 BTC for example) via interface. WTF?

I wouldn't call it Satoshi's client anymore. It's more of The Bitcoin Foundation's client. That I know of Satoshi no longer works on the development of the Bitcoin wallet. 
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