[Bitcoin-development] Making fee estimation better

Peter Todd pete at petertodd.org
Sat Oct 26 07:28:27 UTC 2013

On Sat, Oct 26, 2013 at 10:25:06AM +1000, Gavin Andresen wrote:
> RE: lots of other comments:
> I feel like there is a lot of "in the weeds" discussion here about
> theoretical, what-if-this-and-that-happens-in-the-future scenarios.

Um... yeah. Note how I said on your original pull-req that I'd be happy
to see it merged once the bugs were fixed (95% of the transactions it
produced had zero fees even with zero priority txins for some reason)
and you added a lower bound on fees in the wallet code as a "do no harm"

In fact, I think I wasn't being conservative enough given that it
affects relaying of transactions. Instead add both lower and upper
bounds to what the wallet and relaying code uses for 0.9.0 and it'd
probably be safe to merge.  We can get relax those "training wheels" in
0.9.1 or 0.9.2 once we've had some real-world experience with how the
estimation system works in practice, particularly for how it affects

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