.@Truthcoin drops a stunner on Bitcoin's long term security budget. Outstanding as usual
http://www.truthcoin.info/blog/security-budget/ …
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Fee averaging sounds like a good idea since fee estimations of 'current' block are just terrible. I constantly need to check websites to see what realistically I should set my fees at.
Indeed, this is an example that besides possible future security risks from fee volatility, there's a huge inefficiency of mental transaction costs and very (and probably necessarily) erroneous fee estimating algorithms with the current fee system.
