From: Thomas Zander <thomas@thomaszander•se>
To: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Fees and the block-finding process
Date: Tue, 11 Aug 2015 00:09:14 +0200 [thread overview]
Message-ID: <1472719.PaoH0O6gJe@coldstorage> (raw)
In-Reply-To: <CABm2gDqokER8=1PRW6u76BK4BgpDQZgbPw5_2HZztG1j6Mxg8A@mail.gmail.com>
On Monday 10. August 2015 16.55.40 Jorge Timón via bitcoin-dev wrote:
> I'm not trying to be obstinate but I seriously can't see how they are
> different.
> When you say unreliable I think you mean "unreliable for cheap fee
> transactions". Transactions with the highest fees will always confirm
> reliably. For example, a 1 btc fee tx will probably always confirm very
> reliably even if capacity never increases and demands increases a lot.
The actual fee is irrelevant, the amount of transactions is relevant.
Have you ever been to a concert that was far away from public transport? They
typically set up bus shuttles, or taxis to get people back into town
afterwards.
The result there is always you end up waiting forever and it actually may be
easier to just walk instead of wait.
The amount you pay is irrelevant if everyone is paying it. There still is more
demand than there is capacity.
At the concert the amount of people will stop after some time, and you'd get
your bus. But in the scenarios created here the queues will never stop.
So, no, its not unreliable for cheap free transactions.
Its unreliable for all types of transactions.
--
Thomas Zander
next prev parent reply other threads:[~2015-08-10 22:17 UTC|newest]
Thread overview: 94+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-07 14:57 Gavin Andresen
2015-08-07 15:16 ` Pieter Wuille
2015-08-07 15:55 ` Gavin Andresen
2015-08-07 16:28 ` Pieter Wuille
2015-08-07 17:47 ` Ryan Butler
2015-08-07 18:25 ` Mark Friedenbach
2015-08-07 18:57 ` Ryan Butler
2015-08-07 19:07 ` Ryan Butler
2015-08-07 19:15 ` Mark Friedenbach
2015-08-07 20:17 ` Ryan Butler
2015-08-07 20:33 ` Dave Hudson
2015-08-07 18:17 ` jl2012
2015-08-07 18:35 ` Bryan Bishop
2015-08-07 18:36 ` Simon Liu
2015-08-11 23:20 ` Elliot Olds
2015-08-07 17:33 ` Jorge Timón
2015-08-07 22:12 ` Thomas Zander
2015-08-07 23:06 ` Adam Back
2015-08-08 22:45 ` Dave Scotese
2015-08-08 23:05 ` Alex Morcos
2015-08-09 5:52 ` Hector Chu
2015-08-09 10:32 ` Thomas Zander
2015-08-09 10:42 ` Thomas Zander
2015-08-09 20:43 ` Dave Scotese
2015-08-11 17:03 ` Jorge Timón
2015-08-10 11:55 ` Jorge Timón
2015-08-10 12:33 ` Btc Drak
2015-08-10 13:03 ` Jorge Timón
2015-08-10 22:13 ` Thomas Zander
2015-08-11 17:47 ` Jorge Timón
2015-08-11 18:46 ` Michael Naber
2015-08-11 18:48 ` Mark Friedenbach
2015-08-11 18:55 ` Michael Naber
2015-08-11 19:45 ` Jorge Timón
2015-08-11 21:31 ` Michael Naber
2015-08-11 18:51 ` Bryan Bishop
2015-08-11 18:59 ` Michael Naber
2015-08-11 19:27 ` Jorge Timón
2015-08-11 19:37 ` Michael Naber
2015-08-11 19:51 ` Pieter Wuille
2015-08-11 21:18 ` Michael Naber
2015-08-11 21:23 ` Adam Back
2015-08-11 21:30 ` Angel Leon
2015-08-11 21:32 ` Pieter Wuille
2015-08-11 21:34 ` Adam Back
2015-08-11 21:39 ` Michael Naber
2015-08-12 6:10 ` Venzen Khaosan
2015-08-11 22:06 ` Angel Leon
2015-08-11 21:35 ` Michael Naber
2015-08-11 21:51 ` Pieter Wuille
2015-08-12 3:35 ` Elliot Olds
2015-08-12 4:47 ` Venzen Khaosan
2015-08-14 21:47 ` Elliot Olds
2015-08-12 0:56 ` Tom Harding
2015-08-12 1:18 ` Eric Voskuil
2015-08-12 8:10 ` Thomas Zander
2015-08-12 9:00 ` Jorge Timón
2015-08-12 9:25 ` Thomas Zander
2015-08-11 19:53 ` Jorge Timón
2015-08-11 20:56 ` Michael Naber
2015-08-12 7:54 ` Thomas Zander
2015-08-12 8:01 ` Thomas Zander
[not found] ` <1679272.aDpruqxXDP@coldstorage>
2015-08-12 8:51 ` Jorge Timón
2015-08-12 9:23 ` Thomas Zander
2015-08-12 9:45 ` Jorge Timón
2015-08-12 16:24 ` Thomas Zander
2015-08-17 14:49 ` BitMinter operator
2015-08-17 15:01 ` Peter Todd
2015-08-10 14:12 ` Gavin Andresen
2015-08-10 14:24 ` Alex Morcos
2015-08-10 22:12 ` Thomas Zander
2015-08-10 14:34 ` Pieter Wuille
2015-08-10 22:04 ` Thomas Zander
2015-08-20 14:40 ` Will Madden
2015-08-10 14:55 ` Jorge Timón
2015-08-10 22:09 ` Thomas Zander [this message]
2015-08-10 22:52 ` Pieter Wuille
2015-08-10 23:11 ` Pieter Wuille
2015-08-11 5:34 ` Thomas Zander
2015-08-11 6:03 ` Mark Friedenbach
2015-08-11 6:31 ` Thomas Zander
2015-08-11 7:08 ` Mark Friedenbach
2015-08-11 8:38 ` Thomas Zander
2015-08-11 9:14 ` Angel Leon
2015-08-11 19:00 ` Mark Friedenbach
2015-08-11 19:26 ` Michael Naber
2015-08-11 20:12 ` Adam Back
2015-08-12 0:32 ` odinn
2015-08-11 11:10 ` Thomas Zander
2015-08-12 0:18 ` odinn
2015-08-07 21:30 ` Jim Phillips
2015-08-07 18:22 ` Anthony Towns
2015-08-07 18:36 ` Peter R
2015-08-12 1:56 Corey Haddad
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=1472719.PaoH0O6gJe@coldstorage \
--to=thomas@thomaszander$(echo .)se \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox