Disappointing to see Bitcoin Wallet for Android mislead users by completely ignoring that fees are in fee/KB. #cpfppic.twitter.com/L53tNuAsz2
@petertoddbtc Users don't generally know how many KB they need to pay for -- it's the wallet that knows that.
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@NickSzabo4@petertoddbtc It would be useful for wallets to display the size of transactions. -
@mmeijeri@petertoddbtc No it wouldn't, not for the vast majority of users. -
@NickSzabo4@petertoddbtc Not even if it explains why they have to pay more? -
@mmeijeri@petertoddbtc The wallet should charge a flat fee per tx, not per KB. Per KB greatly ^ mental tx costs w/o much efficiency gain. -
@NickSzabo4@petertoddbtc I think I understand the mental barriers argument, but if miners charge by kB, do flat fees in wallets help? -
@mmeijeri@NickSzabo4@petertoddbtc Fees more likely to vary because of network congestion than tx size. Almost all basic txs < 1KB -
@mikeland86@mmeijeri@petertoddbtc In this case too the wallet knows far more about network congestion than the user. -
@mikeland86@mmeijeri@petertoddbtc cf. trying to even out postal traffic by changing what a stamp cost every day : not worth it. - 11 more replies
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