[Wallet] Reduce minTxFee for transaction creation to 1000 satoshis #5209

1. 
   cozz commented at 9:42 pm on November 4, 2014: contributor

   Make minTxFee match minRelayTxFee one year after #3305
2. [Wallet] Reduce minTxFee for transaction creation to 1000 satoshis 9b1627d13e
3. laanwj added the label Wallet on Nov 5, 2014
4. 
   laanwj commented at 8:36 am on November 5, 2014: member

   Makes sense. utACK.
5. laanwj added the label Priority High on Nov 5, 2014
6. 
   TheBlueMatt commented at 5:36 pm on November 7, 2014: member

   utACK
7. 
   luke-jr commented at 6:39 pm on November 14, 2014: member

   #3305 only changed the minimum relay fee. I’m not sure anyone would mine transactions using fees this low…
8. 
   morcos commented at 7:57 pm on November 14, 2014: member

   As far as I can tell transactions with fees down to the minimum relay fee are typically confirmed within 3 blocks (70-80%) and almost always confirmed within 8 blocks (over 99%).
9. 
   cozz commented at 8:02 pm on November 14, 2014: contributor

   Miners judge by the minimum relay fee, see https://github.com/bitcoin/bitcoin/commit/037b4f1485404a69f96ac6c448a97d21315c8663#diff-4a59b408ad3778278c3aeffa7da33c3c
10. 
    luke-jr commented at 8:31 pm on November 14, 2014: member

    Wow, that snuck in with absolutely no discussion as to the policy change it was affecting… :/
11. 
    cozz commented at 9:03 pm on November 14, 2014: contributor

    heres the pull request #3838
12. laanwj added this to the milestone 0.10.0 on Nov 19, 2014
13. 
    laanwj commented at 12:36 pm on November 20, 2014: member

    Can we have some ACKs/NACKs here? @gavinandresen @sipa @gmaxwell
14. 
    sipa commented at 12:54 pm on November 20, 2014: member

    Relying on the numbers above, utACK.
15. 
    jtimon commented at 1:52 pm on November 20, 2014: contributor

    This is just a default and can be configured by wallet users, right? If so, utACK.
16. 
    gmaxwell commented at 10:15 pm on November 21, 2014: contributor

    I don’t have a strong opinion. I think we made an error lowering the relay fee previously, but fortunately no doom has yet come with it. Since reports claim the lower amounts are confirming in sane times it seems okay to me.
17. laanwj merged this on Nov 26, 2014
18. laanwj closed this on Nov 26, 2014

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19. laanwj referenced this in commit 124b4895b8 on Nov 26, 2014
20. MarcoFalke locked this on Sep 8, 2021

Contributors
cozz laanwj TheBlueMatt luke-jr morcos sipa jtimon gmaxwell

Labels
Wallet

Milestone
0.10.0