From: BitMinter operator <operator@bitminter•com>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Fees and the block-finding process
Date: Mon, 17 Aug 2015 16:49:21 +0200 [thread overview]
Message-ID: <55D1F471.8060802@bitminter.com> (raw)
In-Reply-To: <CABm2gDqhoDrQAVAE4oedHEK2s_iYwPAADVZVj2zb940eG2hGBQ@mail.gmail.com>
On 12.08.15 11.45, Jorge Timón via bitcoin-dev wrote:
> 1) Potential indirect consequence of rising fees.
> 2) Software problem independent of a concrete block size that needs to
> be solved anyway, often specific to Bitcoin Core (ie other
> implementations, say libbitcoin may not necessarily share these
> problems).
I don't think rising fees is the issue.
Imagine that the government is worried because air lines are selling
tickets cheaply and may run themselves out of business. So their
solution is passing a new law that says only one commercial air plane is
allowed to be in the air at any given time.
This should help a ticket market to develop and prevent air lines from
giving away almost free tickets. In this way the government can protect
the air lines from themselves.
I would not classify all issues that would come out of this as
"potential indirect consequences of rising ticket prices."
It would just make air travel unusable.
That's the problem we may face in the short term.
It would be unwise to go all-in on a solution that doesn't exist yet,
which may or may not arrive in time, and may or may not do the job that
is needed. We need to use the solution we already have so that we can
get by in the short term.
I don't think mining pools will immediately make blocks as big as
possible if the hard limit is raised. Remember that mining pools had to
be coaxed into increasing their block size. Mining pools were making
small blocks to reduce the rate of orphaned blocks. Block propagation is
faster today, but this issue still exists. You need a lot of transaction
fees to make up for the danger of losing 25 BTC. Many pools don't even
pay out transaction fee income to their miners.
--
Regards,
Geir H. Hansen, Bitminter mining pool
next prev parent reply other threads:[~2015-08-17 14:49 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 [this message]
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
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=55D1F471.8060802@bitminter.com \
--to=operator@bitminter$(echo .)com \
--cc=bitcoin-dev@lists$(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