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Lower minimum withdrawal fee to 1 satoshi per byte #111
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Previously, the minimum withdrawal fee was 5 sat/byte, but since the mempool has been empty for months now, it is no longer necessary to impose a lower bound at all, because 1 sat/byte transactions clear easily, usually in one block. We may re-institute a higher minimum in a future version if and when the mempool becomes consistently backlogged again. But for now, there's no sense in forcing users to pay more than is necessary to withdraw coins from their Bisq wallets.
cbeams
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May 11, 2018
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ACK. @ManfredKarrer and I discussed this offline, but are agreed that it's the right thing to do for the reasons detailed in the description, and that doing so won't cause any negative side effects.
cbeams
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May 11, 2018
Lower minimum withdrawal fee to 1 satoshi per byte
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Previously, the minimum withdrawal fee was 5 sat/byte, but since the
mempool has been empty for months now, it is no longer necessary to
impose a lower bound at all, because 1 sat/byte transactions clear
easily, usually in one block.
We may re-institute a higher minimum in a future version if and when
the mempool becomes consistently backlogged again. But for now, there's
no sense in forcing users to pay more than is necessary to withdraw
coins from their Bisq wallets.