3 ms·
The fee calculation is the weirdest thing about modern Bitcoin to me. It was a lot simpler when we used to do it - basically a constant with a simple multiplica
by kyledrake 9y ago
The fee calculation is the weirdest thing about modern Bitcoin to me. It was a lot simpler when we used to do it - basically a constant with a simple multiplication of the transaction size.
Don't even get me started on segwit.
PS: Hi Clark! Been a while.
- clarkmoody 9y agoDynamic fee computation has some interesting game theory aspects to it. Fee rate (bitcoin / byte) dropped significantly after dynamic fees caught on. They have been rising with full blocks as users bid to have transactions included in the limited block space. We'll see what Litecoin does when SegWit activates tomorrow!