Drak [ARCHIVE] on Nostr: 📅 Original date posted:2013-12-03 📝 Original message:On 3 December 2013 11:03, ...
📅 Original date posted:2013-12-03
📝 Original message:On 3 December 2013 11:03, Peter Todd <pete at petertodd.org> wrote:
> UI once both are implemented is to not show anything in the default
> case, and explain to the user why they have to pay extra in the unusual
> case where they are spending a whole bunch of dust.
Yes, that's the other problem with a merchant setting a fee - they have no
idea how large the transaction might be. If you spend a bunch of dust the
fee could be 2 or 3x the expected fee. Then you might get merchants
including higher fees by default to account for this. That means we end up
paying more per kb over time.
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Published at
2023-06-07 15:10:15Event JSON
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"content": "📅 Original date posted:2013-12-03\n📝 Original message:On 3 December 2013 11:03, Peter Todd \u003cpete at petertodd.org\u003e wrote:\n\n\u003e UI once both are implemented is to not show anything in the default\n\u003e case, and explain to the user why they have to pay extra in the unusual\n\u003e case where they are spending a whole bunch of dust.\n\n\nYes, that's the other problem with a merchant setting a fee - they have no\nidea how large the transaction might be. If you spend a bunch of dust the\nfee could be 2 or 3x the expected fee. Then you might get merchants\nincluding higher fees by default to account for this. That means we end up\npaying more per kb over time.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131203/199e85e4/attachment.html\u003e",
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