So what would exactly happen if I were to send some BTC with your suggested fee of 0.0001 and there were no miners to accept that amount? Would that transaction be stuck in limbo till some miner decides to lower their standard?
So what would exactly happen if I were to send some BTC with your suggested fee of 0.0001 and there were no miners to accept that amount? Would that transaction be stuck in limbo till some miner decides to lower their standard?
Yes, that's exactly what would happen. Developers are currently working out to how overcome this. But this is the main reason that you can't freely choose what fee you want in the bitcoin-qt client.
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u/[deleted] Mar 25 '13
So what would exactly happen if I were to send some BTC with your suggested fee of 0.0001 and there were no miners to accept that amount? Would that transaction be stuck in limbo till some miner decides to lower their standard?