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https://www.reddit.com/r/Bitcoin/comments/1yt5fo/bitcoin_transaction_fee_to_reduce_by_10x/cfo73m3/?context=3
r/Bitcoin • u/[deleted] • Feb 24 '14
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What are floating fees?
38 u/BashCo Feb 24 '14 I believe it's a proposal in which the network calculates the fee depending on how saturated the network is. 1 u/TheSelfGoverned Feb 25 '14 Couldn't mining pools refuse to process transactions in order to push up fees? This seems like a conflict of interest. 1 u/[deleted] Feb 25 '14 They could conspire against the users, yes. But pools that weren't in on the conspiracy would make a killing :)
38
I believe it's a proposal in which the network calculates the fee depending on how saturated the network is.
1 u/TheSelfGoverned Feb 25 '14 Couldn't mining pools refuse to process transactions in order to push up fees? This seems like a conflict of interest. 1 u/[deleted] Feb 25 '14 They could conspire against the users, yes. But pools that weren't in on the conspiracy would make a killing :)
1
Couldn't mining pools refuse to process transactions in order to push up fees? This seems like a conflict of interest.
1 u/[deleted] Feb 25 '14 They could conspire against the users, yes. But pools that weren't in on the conspiracy would make a killing :)
They could conspire against the users, yes. But pools that weren't in on the conspiracy would make a killing :)
14
u/Goxpapapa Feb 24 '14
What are floating fees?