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aphexmunky
2205d
Looks like shapeshift are a big cause of the excessive fees being paid in bitcoin cash transactions
aphexmunky
replied 2205d
Over 300 sats / byte
aphexmunky
replied 2205d
My source is using it - i can link a transaction but can you verify it's from shapeshift?
Simon Van Gelder
replied 2205d
Legit. I'm fairly sure their business model relies on getting transactions through quickly, so I would expect them to pay higher than normal TX fees. Do other clients jump to match it?
aphexmunky
replied 2205d
Not sure what you mean by other clients jump to match? They're welcome to pay whatever fee they like i guess - just seems odd they pay 300x the requirement.
Simon Van Gelder
replied 2205d
I was thinking "smart" TX fee algo on a popular client resulting in a fee market like gasoline: quick to go up, slow to go down. I think most just go with calculated/estimated TX fee.
Simon Van Gelder
replied 2205d
I don't doubt it, but source?
aphexmunky
replied 2205d
Sorry, reply in parent