Sunday 27 August 2017

Every fee calculation algorithm in every wallet is fundamentally broken! This needs to be fixed yesterday! It's the main reason for the insane fees!

Why do we still have these insane high fee levels on a Sunday when you get a confirmation in the very next block for less than 30 cents?!

The reason are very likely these faulty fee calculation algos. Its not bitcoins fault when people overpay several 100% and raise the fee level for everyone else in the process!

If the algos are difficult to fix (I know, predicting the future is not easy) or there is still no good way to do it for now, at least offer custom fees and cheaper low priority options!

Even Samourai wallet asks me to pay 250 sat/byte as lowest possible option on a fucking Sunday when 30 sat/byte gets you a confirmation in the very next block!

Holy crap! that's overpaying 800% !!!

It's the same with literally every wallet out there!



Submitted August 27, 2017 at 11:52PM by viajero_loco http://bit.ly/2wfVqTX

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