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Author Topic: Do you want to pay the fee?  (Read 6894 times)
silverback (OP)
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November 23, 2013, 09:09:04 PM
 #1

'This transaction is over the size limit. Blah blah blah, um bum blady blah. The fee is about a dollar. Would you like to pay us a dollar to make this transaction?'

Here are the well thought out choices.

'Yes' and 'Cancel'.


Seems to me there's an option missing right there.
deepceleron
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November 23, 2013, 09:10:21 PM
 #2

Uninstall?

If you don't pay the minimum fee when required, it's a non-standard transaction that won't be relayed to other bitcoin nodes or included in a block.
silverback (OP)
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November 23, 2013, 09:11:22 PM
 #3

Uninstall?

If you don't pay the minimum fee when required, it's a non-standard transaction that won't be relayed to other bitcoin nodes or included in a block.

That's great! So if I want to buy a sandwich at subway for a dollar I can do so for the low low fee of....a dollar.
wopwop
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November 23, 2013, 09:22:28 PM
 #4

transacting bitcoins is not a desirable act by the protocol and thus is punished
deepceleron
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November 23, 2013, 09:23:32 PM
 #5

0.0001/kB BTC fee * $1000/BTC = $0.10. You can avoid fees that are multipliers of the minimum by not filling your wallet with only trivial dust payments that are more expensive to spend than to discard.
PenAndPaper
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November 23, 2013, 09:30:30 PM
 #6

Seems to me there's an option missing right there.

The option is missing because if it was there a lot of people whould be crying out because their transactions are never confirmed.
dserrano5
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November 24, 2013, 10:34:13 AM
 #7

That's great! So if I want to buy a sandwich at subway for a dollar I can do so for the low low fee of....a dollar.

Try paying the sandwich with a ton of 1c coins and see how amusing they find that.
Buffer Overflow
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November 24, 2013, 10:37:18 AM
 #8

'This transaction is over the size limit. Blah blah blah, um bum blady blah. The fee is about a dollar. Would you like to pay us a dollar to make this transaction?'

Here are the well thought out choices.

'Yes' and 'Cancel'.


Seems to me there's an option missing right there.

Yes we could add "Send with no fee and probably won't get confirmed because miners aren't a charity." button if you like?

Barek
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November 24, 2013, 11:03:51 AM
 #9

Well, you could send the outputs individually without fee. It will just take some time.
Ecurb123
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November 24, 2013, 11:23:21 AM
 #10

It's not that high right now, I think like 7 cents, but still I agree it would be great if we could get it lowered somehow.
ixne
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November 24, 2013, 12:29:37 PM
 #11

Well, you could send the outputs individually without fee. It will just take some time.

This. I only use fees when I need a payment to get through ASAP - i.e., almost never.  That said, I don't deal in dust either.
PenAndPaper
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November 24, 2013, 12:59:12 PM
 #12

Well, you could send the outputs individually without fee. It will just take some time.

If the outputs can be of high priority individually and have no problems to confirm without a fee then you don't have to send them individually anyway.
Also one high priority output can label a transaction as high priority even if it includes some low priority ones.
LiteCoinGuy
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November 24, 2013, 01:10:33 PM
 #13

of course i want to pay that. you dont understand the system  Cheesy

Sythyn
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November 24, 2013, 01:41:16 PM
 #14

'This transaction is over the size limit. Blah blah blah, um bum blady blah. The fee is about a dollar. Would you like to pay us a dollar to make this transaction?'

Here are the well thought out choices.

'Yes' and 'Cancel'.


Seems to me there's an option missing right there.

You have to do some trick but I would recommend you not to, it will take really long to send the coins...
AuroraHF
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November 24, 2013, 01:42:59 PM
 #15

Paying the fees will make your transaction be confirmed faster. Of course you can choose not to pay a fee, but it's odd how your client is forcing you to do so.

lmao
Ford
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November 24, 2013, 01:51:46 PM
 #16

i think Armory can remove the fee but most miners will rightfully refuse to proses your transaction.

You are wrong about the 1$ fee, it is not even close on that!

At MTgox current price the transaction fee is $0.081265

I think people should be happy to support the network and the miners.
Maybe the fee will come down in time, as more transactions are made and BTC value increases.


Kouye
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November 24, 2013, 01:56:59 PM
 #17

It's not that high right now, I think like 7 cents, but still I agree it would be great if we could get it lowered somehow.

Fees are supposed to be the incentive to keep miners at work even after the last block has been mined, so they should actually grow.
No fee = no bitcoin.

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Birdy
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November 24, 2013, 02:16:09 PM
 #18

Fees are supposed to be the incentive to keep miners at work even after the last block has been mined, so they should actually grow.
No fee = no bitcoin.
Yes, but they shouldn't grow so much per transaction, they should grow per block (-> more transaction in a mined block).
We want Bitcoin to be an effective payment system, so fees should be low.
Ecurb123
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November 24, 2013, 02:52:34 PM
 #19

I have a small project I'm working on where people will send .0005 or so btc to an address and they don't care about confirmations, it can take a week really doesn't mater, is there a way for them to send that amount without fees using the QT client?
Rez
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November 24, 2013, 03:36:44 PM
 #20

0.0001/kB BTC fee * $1000/BTC = $0.10. You can avoid fees that are multipliers of the minimum by not filling your wallet with only trivial dust payments that are more expensive to spend than to discard.

This.  This is why loitering around "free bitcoin dust" sites is a waste of time and a bad idea.  I remember when I finally had enough 'dust' to do something with, the transaction fee was brutal. But I paid it, because, lesson learned.

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