From: Mike Hearn <mike@plan99•net>
To: Peter Todd <pete@petertodd•org>
Cc: bitcoin-development@lists•sourceforge.net,
Andreas Schildbach <andreas@schildbach•de>
Subject: Re: [Bitcoin-development] Floating fees and SPV clients
Date: Sun, 1 Dec 2013 19:18:07 +0100 [thread overview]
Message-ID: <31CF9128-4BFA-48E6-9B68-9732E914E6D0@plan99.net> (raw)
In-Reply-To: <20131201181211.GA20533@tilt>
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> Bitcoin is and always will be limited in capacity - transactions may not
> confirm in a reasonable about of time because of high-demand and/or DoS
> attacks.
I agree in the general case, but I was talking about the mobile wallet case specifically (i.e. people who are sending money between themselves or making small purchases of physical things). I think Bitcoin should be able to scale to handle these sorts of ordinary every-day transactions. Where I’d expect to see transactions falling off the edge is in more specialised cases like very small single micropayments, or “optional” internal transactions like mixing/re/defragmentation of wallets that don’t correspond to an actual payment. Those sorts of transactions would I guess be the first to go when faced with a sudden capacity crunch, but they wouldn’t show up in a mobile wallet UI anyway.
> re: merchants paying tx fees, child-pays-for-parent is inefficient
I know the existing code is, but is that fundamentally the case or just how the code has been written? I haven’t looked at this issue much but I know you’ve worked on it, so I’m curious to learn about why it’s inefficient and whether there are any fixes possible.
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next prev parent reply other threads:[~2013-12-01 18:18 UTC|newest]
Thread overview: 46+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-12-01 11:51 Mike Hearn
2013-12-01 12:15 ` Andreas Schildbach
2013-12-01 13:41 ` Mike Hearn
2013-12-01 16:50 ` Andreas Schildbach
2013-12-01 17:19 ` Mike Hearn
2013-12-01 17:40 ` Andreas Schildbach
2013-12-01 17:52 ` Mike Hearn
2013-12-01 18:12 ` Peter Todd
2013-12-01 18:18 ` Mike Hearn [this message]
2013-12-01 18:37 ` Peter Todd
2013-12-02 13:54 ` Patrick Mead
2013-12-02 14:33 ` Mike Hearn
2013-12-02 14:37 ` Jeff Garzik
2013-12-02 14:44 ` Mike Hearn
2013-12-02 14:47 ` Jeff Garzik
2013-12-03 1:40 ` Gavin Andresen
2013-12-03 10:06 ` Mike Hearn
2013-12-03 10:36 ` Drak
2013-12-03 10:45 ` Mike Hearn
2013-12-03 11:04 ` Drak
2013-12-03 11:07 ` Gavin Andresen
2013-12-03 11:29 ` Mike Hearn
2013-12-03 11:37 ` Peter Todd
2013-12-03 11:41 ` Gavin Andresen
2013-12-03 11:46 ` Mike Hearn
2013-12-03 11:54 ` Gavin Andresen
2013-12-03 12:05 ` Drak
2013-12-03 11:57 ` Taylor Gerring
2013-12-03 12:07 ` Peter Todd
2013-12-03 13:20 ` Jamie McNaught
2013-12-03 13:20 ` Mike Hearn
2013-12-03 13:48 ` Taylor Gerring
2013-12-03 13:54 ` Mike Hearn
2013-12-03 14:42 ` Quinn Harris
2013-12-04 1:45 ` Jeremy Spilman
2013-12-04 10:40 ` Mike Hearn
2013-12-04 10:57 ` Peter Todd
2013-12-04 11:09 ` Mike Hearn
2013-12-04 13:06 ` Peter Todd
2013-12-04 13:48 ` Mike Hearn
2013-12-04 21:51 ` Peter Todd
2013-12-03 11:03 ` Peter Todd
2013-12-03 11:09 ` Drak
2013-12-03 11:33 ` Peter Todd
2013-12-04 5:50 ` kjj
2013-12-03 11:31 ` Peter Todd
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