René's URL Explorer Experiment

{"@context":"https://schema.org","@type":"DiscussionForumPosting","headline":"Reduce withdrawal threshold and allow users to choose their fees","articleBody":"The withdrawal threshold appears to be hardcoded at 0.005 BTC.  Note, however, that there are only two projects on https://tip4commit.com (this project and [super3/peercoin.net](https://github.com/super3/peercoin.net)) with a balance above 0.5 BTC.  With a default 1% payment per commit, most contributors must get multiple commits approved in order to access their payments.\r\n\r\nThis is suboptimal and unnecessary.  As I write this there are 567 transactions in the Bitcoin mempool totaling 0.2 MB.  Historically speaking transactions with fee rates no more than 20 sat/b have rarely taken more than a day to get confirmed.  Even a gnarly transaction combining lots of UTXOs (which anyway is less likely for smaller payments) is no more than 2KB.  At 20 sat/b, that's a wildly overestimated fee of 40ksat, or 0.0004 BTC, 8% of the current threshold.  Therefore I think it's a good idea:\r\n1) to enable users to choose their own fee rate (perhaps with some nonzero minimum)\r\n2) to set a threshold much lower than 0.005 BTC.","author":{"url":"https://github.com/sgj3","@type":"Person","name":"sgj3"},"datePublished":"2020-09-08T08:02:32.000Z","interactionStatistic":{"@type":"InteractionCounter","interactionType":"https://schema.org/CommentAction","userInteractionCount":1},"url":"https://github.com/393/tip4commit/issues/393"}