The solution for high fees: We decided to share the fees by the campaign members. Here is how it works.
Let's understand how we calculated the fees, until the mempool become normal we will continue calculating the fees this way.
The formula is to take fees from every members based on the percentage they have allocated from the btc we spent in that specific week.
This means everyone is participating in the transaction fees. I hope this is the best solution. We don't need to wait for two weeks or four weeks payment interval.
Let me know your thoughts.
If I had to plan to pay bi-weekly or four weeks interval then I have to hold a lot of BTC. Currently in total I hold over 1 BTC in my 2 of 2 multi-sig wallet. For a four weeks interval payment my wallet will have over 5 BTC before I complete a whole cycle of payment for each interval.
My wallet is very secure (one needs to access two device to move any fund) but still I do not feel comfortable to hold such amounts in the escrow wallet. So I decided to clear every week's payment as quick as possible. So that I do not feel the burden.
As a solution, taking a very small amount of BTC from every output address make much sense. The amount is so small for individuals that one can easily ignore. I hope that explains why we decided to share the fees. Many members suggested the same, thanks to all.
Week#17 payment sent
Fees deducted: 0.00015120 BTC
Please check the spreadsheet (W17) and let me know if you have any questions. (Please refrain from sending me forum PMs or Telegram DMs.)
Cheers,
