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Raise fallback fee rate from 10 sat/vB to 20 sat/vB #1659

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merged 1 commit into from
Feb 11, 2024

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kristapsk
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It's just current reality on mainnet, that's around what bitcoin-cli estimatesmartfee 1008 (1 week confirmation target) returns.

It's just current reality on mainnet, that's around what `bitcoin-cli
estimatesmartfee 1008` (1 week confirmation target) returns.
@AdamISZ
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AdamISZ commented Feb 11, 2024

utACK 9c13180

I can't see any way to arrive at an objectively correct number here (I guess we could try to gather data about typical mempool ejection rates over time? but as we know there is no "the mempool", so ...), but it's hard to argue that the legacy value of 10k is indeed too low, nowadays.

@kristapsk
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I can't see any way to arrive at an objectively correct number here (I guess we could try to gather data about typical mempool ejection rates over time? but as we know there is no "the mempool", so ...), but it's hard to argue that the legacy value of 10k is indeed too low, nowadays.

I think best we could do currently is to adjust the number before each release. 20 sat/vB is conservative number, besides we used to have 10 sat/vB fallback when 1 sat/vB were confirming often.

@kristapsk kristapsk merged commit e04fe68 into JoinMarket-Org:master Feb 11, 2024
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@kristapsk kristapsk deleted the raise-fallback_fee branch February 11, 2024 20:03
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2 participants