📅 Original date posted:2018-05-10
📝 Original message:Fee rates in Bitcoin Core are measured in satoshis/kB. There are a couple
places where a minimum of 1000 satoshis/kB is assumed.
Setting "incrementalrelayfee" to a smaller than default value and either
leaving "minrelaytxfee" unset or also setting it smaller will be sufficient
to allow your node to accept and relay transactions with smaller fee
rates. Of course without the rest of the network making these changes
and/or the miners being willing to mine those transactions, it won't be of
much benefit.
Fee estimation doesn't distinguish fee rates less than 1000 sats/kB. This
would be more substantial to change.
On Thu, May 10, 2018 at 4:10 AM, st-bind--- via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> Currently, the minimum fee of 1 satoshi per byte corresponds to about 0.09
> USD per kB, which is no longer insignificant. Maybe the time has come now
> to introduce more decimal places and make the minimum fee 1 of the new
> smallest unit. This way, everyday payments would again be possible with
> virtually no fee without flooding the mempool with free spam transactions.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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Alex Morcos [ARCHIVE] /
npub10z…3xfzw
2023-06-07 18:12:02
in reply to nevent1q…zyfy
Author Public Key
npub10z4xjfgftd3fm9dfu7dw6mkemgyhxgumcmhd7yd0ggjq7rsaw4wqa3xfzwPublished at
2023-06-07 18:12:02Event JSON
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"content": "📅 Original date posted:2018-05-10\n📝 Original message:Fee rates in Bitcoin Core are measured in satoshis/kB. There are a couple\nplaces where a minimum of 1000 satoshis/kB is assumed.\n\nSetting \"incrementalrelayfee\" to a smaller than default value and either\nleaving \"minrelaytxfee\" unset or also setting it smaller will be sufficient\nto allow your node to accept and relay transactions with smaller fee\nrates. Of course without the rest of the network making these changes\nand/or the miners being willing to mine those transactions, it won't be of\nmuch benefit.\n\nFee estimation doesn't distinguish fee rates less than 1000 sats/kB. This\nwould be more substantial to change.\n\n\n\nOn Thu, May 10, 2018 at 4:10 AM, st-bind--- via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e Currently, the minimum fee of 1 satoshi per byte corresponds to about 0.09\n\u003e USD per kB, which is no longer insignificant. Maybe the time has come now\n\u003e to introduce more decimal places and make the minimum fee 1 of the new\n\u003e smallest unit. This way, everyday payments would again be possible with\n\u003e virtually no fee without flooding the mempool with free spam transactions.\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20180510/3dc06c7a/attachment.html\u003e",
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