Disappointing to see Bitcoin Wallet for Android mislead users by completely ignoring that fees are in fee/KB. #cpfppic.twitter.com/L53tNuAsz2
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@mikeland86@mmeijeri@petertoddbtc cf. trying to even out postal traffic by changing what a stamp cost every day : not worth it.
@mikeland86 @mmeijeri @petertoddbtc Fee only good for reducing long-term average congestion, not for adapting to spikes.
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@NickSzabo4@mmeijeri@petertoddbtc Agreed. In long term wallets will have to move to settlement/lightning/off-chain with fixed or no fees -
@mikeland86@NickSzabo4@mmeijeri Insisting that Bitcoin itself be fixed fee is like arguing electricity be flat rate for user acceptance. -
@mikeland86@NickSzabo4@mmeijeri The tech just doesn't work that way; building better tech better than surprising users with bad models. -
@petertoddbtc@NickSzabo4@mmeijeri tech vs UX. Fee models will change, see: dialup/home cable/cell data pricing -> per minute/speed/MB -
@petertoddbtc@NickSzabo4@mmeijeri Point is not surprise users/be consistent. Electricity price does not usually fluctuate month to month -
@mikeland86@NickSzabo4@mmeijeri Only because market is stable; gasoline price fluctuates constantly. Again, tech realities trump UX. -
@petertoddbtc@mikeland86@mmeijeri v. hard to impossible to convince most users to pay for 2 things every time they want to pay for 1. -
@NickSzabo4@petertoddbtc@mikeland86@mmeijeri Depends with what Bitcoin wants to compete - if normal payments then cmplex fees are a No-Go - 2 more replies
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