Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM <div class="post">As noted in <a href="http://www.bitcoin.org/wiki/doku.php?id=transaction_fee">this wiki page</a> and in <a href="http://bitcointalk.org/index.php?topic=795.msg8960#msg8960">this satoshi post</a>, the -paytxfee switch may be employed give your sent transactions "priority."<br/><br/>Prioritized transactions appear to be defined as increasing the likelihood that a transaction will be included in a block, even if that block is very large (byte-wise or tx-wise).<br/><br/>Considering that 99.9% of blocks are outside the range that will incur tx fees, it can be said that tx fees are largely useless today.&nbsp; But it makes me curious...<br/><br/>Are there any other areas of the bitcoin client or network that could somehow prioritize transactions based on tx fees?&nbsp; Examples:<br/><ul style="margin-top: 0; margin-bottom: 0;"><li>if you have a list of transactions to send out to the network, send prioritized ones to more connected nodes</li><li>restart mining work immediately if priority tx arrives, but continue working on existing block for a while, if free tx arrives</li></ul><br/>And with my businessman's cap on, I would think it prudent practice for any bitcoin business to use -paytxfee=0.02 by default, just to be safe, guaranteeing priority on the existing network and existing clients, in cases of extreme network load.<br/><br/>Other comments about how to use tx fees welcome...&nbsp; I strongly believe that a healthy tx fee structure is important to the long term health of the bitcoin P2P network.</div> text/html