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General Discussion / Re: Percentage based transfer fee [BSIP10] implemented
« on: January 26, 2016, 12:18:08 am »let me ask a question for the percentage fees.Thanks for pointing out this issue. It's what I just posted above. And a potential solution described.
suppose we have known the current rate for CNY is 0.02CNY/BTS, the min fee is 10 BTS, the high fee is 20 BTS, percentage is 0.1%
If I want to transfer 200 CNY, what fees information should package in the transaction?
is it 10 BTS or 0.2 CNY?
if this is an offline operation, such as signed from a cold wallet, or pay with a paper wallet.
when generate the operation, the rate is 0.02 CNY/BTS
after signed, you want to broadcast, the price have changed
1) if you pay fees with 10BTS, and price change to 0.019CNY/BTS, it's not enough, because now you need pay 0.2/0.019 BTS
2) if you pay fees with 0.2CNY, and price change to 0.021 CNY/BTS, it's still not enough, because now you need pay at least 10BTS*0.021CNY/BTS
Do you have better idea? If yes, please let us know, thanks!
Usually, if you are dealing with cold/offline wallets, you shouldn't be surprised if need to pay more, it's the trade off for better security. So what we need are some guidelines in "best practice of using cold/offline/paper wallets".