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ultima
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January 13, 2012, 01:23:21 AM
 #21

I have no problem with this, but the exchange has it's own operationg costs, and every transaction requires processing power, db space, bandwidth...

It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.
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SkRRJyTC
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January 13, 2012, 01:47:13 AM
 #22

I have no problem with this, but the exchange has it's own operationg costs, and every transaction requires processing power, db space, bandwidth...

It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.

I am not experienced at all... but seems to me that all their costs should be covered in their fees.
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January 13, 2012, 02:01:06 AM
 #23

I have no problem with this, but the exchange has it's own operationg costs, and every transaction requires processing power, db space, bandwidth...

It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.

There already is a 0.01 minimum, with the exception of leftovers from a partial fill, which can be as small as 1 satoshi.  They make enough money to beef up their infrastructure enough to handle a few thousand socket users.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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January 13, 2012, 02:44:49 AM
 #24

Any chance that the bots place these low bids (e.g. .0123, .01, etc.) to gather market data?  Almost like a bat using echolocation.  

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January 13, 2012, 02:46:32 AM
 #25

Any chance that the bots place these low bids (e.g. .0123, .01, etc.) to gather market data?  Almost like a bat using echolocation.  

I believe that is at least part of why they do it.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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