Market equilibrium for floating fees in 0.9

[ChrisArnesen]

Version 0.9 of the bitcoin-qt client will include a "floating fee" enhancement where instead of having the suggested fee hard-coded as it is now, it'll estimate the necessary fee dynamically based on activity on the network. See https://github.com/gavinandresen/bitcoin-git/commit/656f8a7f2cf0c83ed9ac172f4d5ec555f90fed73 . So now I'm curious to know what we can expect when 0.9 goes live. Has anybody done or seen any analysis of what the market equilibrium might be ?

[raspcoin]

It is an interesting question. I fear a new currency will be needed for microtransactions if this leads to higher fees. Considering the original promise of Bitcoin and the existing alternatives, I do not think people will accept fees higher than $0.1 (~0.1 mBTC) for smaller payments.