Why hardcoded minimum amount of satoshi?
Closed this issue · 6 comments
I've been looking at the code but didn't understand why you need to stablish a minimum amount of satoshis, or why that minimum is so high. It's 5mBTC instead of the 0.1mBTC that are really needed for paying the transaction fees. I could understand it if you say that you are charging a fee for the service, but on the payment page you say "You'll need to pay 5 mBTC to do so, required by our embedding algorithm, and you are also invited to tip us with whatever value you find appropiate."
It feels like a scam to me, I don't see a REAL requirement for that amount, instead I see a hardcoded value. Could you please explain this?
You're right. This is a communication mistake, and it comes from outdated info (the service used to have a ~2mBTC cost when it used a more inefficient mechanism to store the document hash)
I'll update the wording
It's currently 5 mBTC to embed (over a year later)
Is this intentional?
The cost of the service is and always was 5 mBTC. I changed the wording to better explain the costs back then, but I didn't mean to update the price.
Oh. I don't have any beef with that pricetag per se, but the message is exactly as quoted by @lordscales91, You'll need to pay 5 mBTC to do so, required by our embedding algorithm, and you are also invited to tip us with whatever value you find appropiate.
Down to the typo in the word appropriate.
To me that reads like the algorithm spends 5mBTC on recording the transaction, such as by sending multiple minimum transfers to record more data into the blockchain. Says nothing about the existing pre-tip compensation to the owner (which I agree should exist to reward them for providing the service and banaly pay for hosting).
Oops, my bad! I thought I had changed that, but it looks like I only changed the wording in the home page. I'll look into that, thanks!
Done! Thanks for your help