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00:35 < nickler> tochka4: this is also known as half aggregation https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014272.html. There's no security proof afaik and it breaks adaptor signatures but not impossible.
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03:05 < stevenroose> Is crazy moonshot softfork talk allowed here? :D I'm thinking if a demurrage softfork (forcing a minimal fraction (f.e. 1%) of each input to go to the miner fee) would centralize large holdings with mining companies. Because they can recover the demurrage, it'll be cheaper for them to have large holdings. And other parties will have an incentive to personally service miners to mine their
03:05 < stevenroose> txs and at least recover part of their demurrage cost.
03:06 < stevenroose> So I'm quite sure it wouldn't work without some form of delayed-payout of fees. Delayed payout was previously always disregarded because it would drive transactors to pay their fees OOB, but if a softfork requires certain fees to be paid that could kinda solve this problem.
03:08 < stevenroose> It could also stifle the use of the base chain alltogether.
03:09 < stevenroose> (Ah in my demurrage explanation between parentheses there, I forgot to say fraction of the "coin age". So the fraction is also dependent on how long the coins have been stale, of course.)
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05:10 < M7918070_[m]> Are you sure it will? For ordinary txns, miners pay as much as everyone else
05:11 < M7918070_[m]> If a miner could mine 2 BTC worth of transactions but only mines 1 and censors the rest, that is no different than if a user pays 1 BTC in txn fees to send rubbish transactions and crowd out the bottom half
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06:30 < stevenroose> M7918070_[m]: yeah a person that with a high-coin-age tx could make an agreement with the miner to give him his tx in return for a refund of part of the fee. This works as long as the feerate the miner gains from the tx is higher than the available feerates in the mempool of course.
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09:00 < nkohen> Hi all, I was just wondering if anyone had numbers on how long it takes to do wallet rescans on SPV nodes? I'm writing a blog post about Neutrino wallets and was hoping to compare rescan times as part of it.
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12:35 < M7918070_[m]> OK, fair enough, but how do you know miners won't refund the fees OOB? You could very well end up with some nightmare scenario where the pools start to do CoinJoin and the communal mempool dies out.
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15:57 < stevenroose> M7918070_[m]: true, that's why it should be combined with some delayed-payout scheme, but all proposals in that direction have been considered broken for now. since this is kind of a consensus-enforced fee, it might change the game there, not sure
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--- Log closed Wed Oct 30 00:00:49 2019