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(Suggestion) Choose lower fee if the amount to be sent is small #11223

@i-rme

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@i-rme

I'll be brief, suppose this case:

Bob wants to send 10 USD to Alice. (2.2 mBTC)
Bitcoin Core estimates fee in 2.5mBTC/kB to be confirmed in the next 2 blocks. (That is 3.80 USD for 300 bytes).
As fee is more than 10% of the sent amount, Bitcoin Core should choose a lower fee for this single transaction.
Bitcoin Core chooses the 11 block fee, that is 0.6mBTC/kB to be confirmed in the next 11 blocks (That is 0.93 USD for 300 bytes).
Bitcoin Core displays a warning to Bob explaining the situation.

Bob pays lower transaction fee (9% fee Vs 38% fee). Bob is happy.

This should be the default behaviour, the user can later change the fee if he wants to.

TL;DR: Make Bitcoin Core aware of the amount sent and lower the fees if it is more than 10% of sent amount.

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