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Drop fees by 10x due to the persistently higher exchange rate.
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Description

Drop fees by 10x due to the persistently higher exchange rate.

The last fee drop was by 5x (from 50k satoshis to 10k satoshis)
in the 0.8.2 release which was about 6 months ago.

The current fee is (assuming a $500 exchange rate) about 5 dollar
cents. The new fee after this patch is 0.5 cents.

Miners who prefer the higher fees are obviously still able to
use the command line flags to override this setting. Miners who
choose to create smaller blocks will select the highest-fee paying
transactions anyway.

This would hopefully be the last manual adjustment ever required
before floating fees become normal.

Details

Provenance
Mike Hearn <mike@riker.plan99.net>Authored on Nov 22 2013, 11:31
Mike Hearn <mike@plan99.net>Committed on Nov 26 2013, 11:56
schancelPushed on Jan 5 2018, 21:58
schancelPushed on Jan 5 2018, 21:39
schancelPushed on Jan 5 2018, 21:17
Parents
rSTAGING03b6a1cee4fe: Merge pull request #3316
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Event Timeline

Mike Hearn <mike@plan99.net> committed rSTAGING6a4c196dd64d: Drop fees by 10x due to the persistently higher exchange rate. (authored by Mike Hearn <mike@riker.plan99.net>).Nov 26 2013, 11:56