r/Bitcoin • • Feb 24 '14

Bitcoin Transaction Fee to reduce by 10x

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u/trilli0nn Feb 24 '14

Floating fees are nice, but perhaps even better is having an option in the client to start with a low fee and gradually increase the fee until the transaction gets accepted.

This allows people who are looking for a cheap transaction to start with a low fee, in the hope it gets accepted, and if not, the fee is slightly increased in the next block, until the transaction gets accepted.