I'd like to see the price of a single memo or any acttion on Memo down to 1 sat. Is it possible? What do we need to achieve that? Better software of protocol upgrade?
I've experimented with transaction fees below 1 sat/byte and unfortunately they are very unreliable, often staying in the mempool for hours or not getting confirmed at all.
Until the value of BCH increases dramatically, there is no need to try and lower costs on memo, it would only open the doors to trolls if it cost 1 sat to post on memo
I see. I hope at some point Memo.cash'll participate in development of a client/app that talks with blockchain directly with an option to talk cheaper trading it off for conf. time
You can try that with Electron Cash: set the fee that you want and write your memo in the OP_RETURN field following the protocol.
I guess, u're right. Centralized interfaces to Memo will focus on fast confirmations to improve UX and nodes' load, and inevitable decentralized interfaces will have more flexibility
It may not confirm. At the time of this writing, the fee is estimated to be 1.276 sat/B (per BU node). The size of your message was 377 B. 377*1.276=481 sat. Nothing to do with memo
