Let's Talk Bitcoin! #335 – Was That Worth Paying For? (letstalk)

On Today’s Show…Ryan X. Charles, one of the founders of Yours.org, sits down with Adam B. Levine at the LTB Homestead to discuss micropayments, paywalls, lightning networks, payment channels, bitcoin, litecoin, the no-ICO approach and more.Want to hear Ryan’s Post-Mortem of the reddit cryptocurrency experiment? Listen to episode 189: The Story of Reddit NotesThis episode featured content from Ryan X. Charles and Adam B….

Bitcoin

Stop paying exorbitant fees! My $0.26 fee transaction went through within 30 minutes.

I just want to remind new Bitcoiners to check mempool size before making any transaction.

Basically, anything below 30k-40k unconfirmed transactions means you don't have to pay high fees (let's say more than 100 satoshi per byte).

Today I paid ~30sat/byte and the transaction went through in 30 minutes.

Save yourself some coffee money and don't pay miners more than is necessary!

submitted by /u/loserkids
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Bitcoin

STOP paying so high fees? Check the Mempool first!

At the moment the Mempool is about 10MB and people are still paying super high fees like 480sat/byte.

Every wallet, also mycelium which is very popular have to add a custom fee/size regulator, so that users can exaclty choose how much sat/byte he wants to pay.

It's very important for bitcoin users these days.

If you look at mycelium app, the cheapes fee (Low-prio) is 255sat/byte which is also very high. It whould be very helpfull if users could choose to pay 120sat/byte or even smaller.

submitted by /u/THEsolutionforbtc
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Bitcoin

Problem of colored-coins/assets and other coins with a parent/child relationship of paying for fees with only the parent currency

I’ve looked into building out my own coin, but it was best to just piggy back on top of an existing blockchain like how colored coins and counterparty is doing it. But when going on this route, I run into the problem of having to pay the fees of using the blockchain in the native currency.

Say if I was to create a game token based off of the bitcoin blockchain on top of counterparty, I still have to pay the fees in Bitcoin. Which my users will not have even if I distributed my game tokens to them. Now they will be stuck with the game token without being able to send it anywhere.

One solution was to monitor these addresses, and just fund them a small amount of btc just for them to pay for the fees. Is there a service out there that does this?

This issue is also apparent in other coins like ethereum and nxt. They give the ability to create your own child coins within their blockchain but you are stuck with the coin unless the holder has the native currency.

How are others solving this problem?

Recent Questions – Bitcoin Stack Exchange