[Bitcoin-development] Making fee estimation better
andreas at petersson.at
Fri Oct 25 14:08:12 UTC 2013
> There's no reason the signing can't be done all at once. The wallet
> app would create and sign three transactions, paying avg-std.D, avg,
> and avg+std.D fee. It just waits to broadcast the latter two until it
> has to.
i see several reasons why this is problematic.
So how would that work in a setting where the user signs a transaction
created offline, transmitted via Bluetooth via a one-way broadcast?
does it transmit all 3 tx to the receiver and just hopes they he will do
the "right thing"?
> On 10/25/13 5:02 AM, Andreas Petersson wrote:
>>> Worth thinking about the whole ecosystem of wallets involved;
>>> they all have to handle double-spends gracefully to make tx
>>> replacement of any kind user friendly. We should try to give
>>> people a heads up that this is coming soon if that's your
>> If there is a situation where wallets are supposed to constantly
>> monitor the tx propagation and recreate their transactions with
>> different fees, this would make a lot of usecases inconvenient.
>> half-offline bluetooth transactions, users with unstable
>> connections, battery power lost, etc, etc. - and last but not least
>> power concerns on hardware wallets on the bitcoincard (tx signing
>> drains a significant amount of power and should therefore only be
>> done once)
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