From: Justus Ranvier <justusranvier@gmail•com>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] On OP_RETURN in upcoming 0.9 release
Date: Fri, 28 Feb 2014 19:36:31 +0000 [thread overview]
Message-ID: <5310E53F.6010601@gmail.com> (raw)
In-Reply-To: <5310E2A7.3060809@monetize.io>
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On 02/28/2014 07:25 PM, Mark Friedenbach wrote:
> Transaction fees are a DoS mitigating cost to the person making the
> transaction, but they are generally not paid to the people who
> actually incur costs in validating the blockchain. Actual transaction
> processing costs are an externality that is completely unpaid for.
What that means is the network layer is broken and needs to be fixed.
Bitcoin is the blockchain, not the P2P network. If the existing network
is not incentive compatible, then that's the root cause which should be
addressed.
There's no reason to enshrine the broken behavior and use it as a
roadblock to stop progress.
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next prev parent reply other threads:[~2014-02-28 19:37 UTC|newest]
Thread overview: 19+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-02-24 16:03 Jeff Garzik
2014-02-24 16:16 ` Pieter Wuille
2014-02-24 16:32 ` Jeff Garzik
2014-02-24 16:33 ` Jeff Garzik
2014-02-24 16:39 ` Wladimir
2014-02-24 16:45 ` Gavin Andresen
2014-02-24 16:50 ` Pavol Rusnak
2014-02-24 17:23 ` Mark Friedenbach
2014-02-24 23:06 ` Andreas Petersson
2014-02-24 23:13 ` Gregory Maxwell
2014-02-24 23:13 ` Luke-Jr
2014-02-28 5:25 ` Troy Benjegerdes
2014-02-28 14:42 ` Warren Togami Jr.
2014-02-28 19:25 ` Mark Friedenbach
2014-02-28 19:36 ` Justus Ranvier [this message]
2014-02-28 20:10 ` Drak
2014-02-24 17:10 ` Jeff Garzik
2014-02-24 22:12 ` Jeremy Spilman
2014-02-24 22:50 ` Jeff Garzik
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