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From: "Jorge Timón" <jtimon@jtimon•cc>
To: Tom Harding <tomh@thinlink•com>
Cc: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Bitcoin Core and hard forks
Date: Fri, 24 Jul 2015 11:24:01 +0200	[thread overview]
Message-ID: <CABm2gDqPvK8_eoMxv2hnVHw6H=xXdeugzTPJZEPUcwmpn-ZSKQ@mail.gmail.com> (raw)
In-Reply-To: <55B1DB84.6070001@thinlink.com>

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On Jul 24, 2015 8:30 AM, "Tom Harding" <tomh@thinlink•com> wrote:
>
> On 7/23/2015 10:51 AM, Jorge Timón wrote:
> > We know perfectly well that the system will need to eventually be
> > sustained by fees.
>
> Fee revenue can rise just as easily without increased BTC fee rates.
>
> Two avenues that are just as effective: increased exchange rate,
> increased number of fee-paying transactions.  Neither of these avenues
> benefits from increased "fee pressure" (scarcity of block space).
>

Why do you expect users to "increase the number of fee-paying transactions"
if their free transactions reliably get mined relatively fast?
And if it's good that they pay fees, why is not good when the reason they
do it is because there's limited space in the block? Is user's paying fees
soon a good thing or the "catastrophe" we need to avoid by rising the block
size, what is it? Or is there something else wrong with having a limit
other than "fees will hurt short-term adoption"? I'm confused about your
position now...

Regarding "increasing the exchange rate" it would be really nice to just
push a button and double bitcoin's price just before the next subsidy
halving, but unfortunately that's something out of our control.

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  reply	other threads:[~2015-07-24  9:24 UTC|newest]

Thread overview: 86+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
     [not found] <CAPg+sBgs-ouEMu=LOVCmOyCGwfM1Ygxooz0shyvAuHDGGZYfJw@mail.gmail.com>
2015-07-22 16:52 ` Pieter Wuille
2015-07-22 17:18   ` Ross Nicoll
2015-07-22 17:32   ` Milly Bitcoin
2015-07-22 18:45     ` Bryan Cheng
2015-07-22 17:33   ` Jeff Garzik
2015-07-22 18:01     ` Jeff Garzik
2015-07-22 18:03     ` Alex Morcos
2015-07-22 18:24       ` Jeff Garzik
2015-07-23 12:17         ` Jorge Timón
2015-07-23 16:17           ` Tom Harding
2015-07-23 16:28             ` Gavin Andresen
2015-07-23 16:50               ` cipher anthem
2015-07-23 17:14                 ` Robert Learney
2015-07-23 18:21                   ` Eric Lombrozo
2015-07-23 18:47                   ` Jorge Timón
2015-07-23 17:43               ` Eric Lombrozo
2015-07-23 18:10                 ` Jameson Lopp
2015-07-23 19:14                   ` Eric Lombrozo
2015-07-23 19:35                     ` Gavin Andresen
2015-07-23 19:39                       ` Eric Lombrozo
2015-07-23 19:51                       ` Eric Lombrozo
2015-07-23 19:52                     ` Jameson Lopp
2015-07-23 20:26                       ` Jorge Timón
2015-07-23 20:52                         ` Eric Lombrozo
2015-07-23 23:42                           ` Benedict Chan
     [not found]                             ` <42BF7FEB-320F-43BE-B3D9-1D76CB8B9975@gmai>
2015-07-23 23:57                             ` Eric Lombrozo
2015-07-24  0:04                               ` Eric Lombrozo
2015-07-24  0:20                                 ` Simon Liu
2015-07-24  0:22                                 ` Jean-Paul Kogelman
2015-07-24  0:32                                   ` Eric Lombrozo
2015-07-24  0:38                                     ` Eric Lombrozo
2015-07-24  0:45                                     ` Jean-Paul Kogelman
2015-07-24  0:49                                       ` Jean-Paul Kogelman
2015-07-24  0:53                                         ` Peter Todd
2015-07-24  1:03                                           ` Jean-Paul Kogelman
2015-07-24  1:08                                             ` Eric Lombrozo
2015-07-24  1:25                                               ` Jean-Paul Kogelman
2015-07-24  1:28                                                 ` Eric Lombrozo
2015-07-24  1:37                                                   ` Eric Lombrozo
2015-07-24  1:42                                                   ` Jean-Paul Kogelman
2015-07-24  1:55                                                     ` Eric Lombrozo
2015-07-24  2:12                                                       ` [bitcoin-dev] Bitcoin, Perceptions, and Expectations Raystonn .
2015-07-24  8:48                                                         ` Jonas Schnelli
2015-07-24  9:42                                                           ` Jorge Timón
2015-07-24 14:37                                                             ` Vincent Truong
2015-07-25  2:18                                                               ` gb
2015-07-25 11:22                                                                 ` Slurms MacKenzie
2015-07-25 15:04                                                                 ` Thomas Kerin
2015-07-24  0:56                                       ` [bitcoin-dev] Bitcoin Core and hard forks Eric Lombrozo
2015-07-24  1:05                                         ` Jean-Paul Kogelman
2015-07-23 18:12               ` Slurms MacKenzie
2015-07-23 18:57                 ` Mike Hearn
2015-07-23 17:51             ` Jorge Timón
2015-07-24  6:30               ` Tom Harding
2015-07-24  9:24                 ` Jorge Timón [this message]
2015-07-24 22:50                   ` Tom Harding
2015-07-28 11:29                     ` Jorge Timón
2015-07-28 11:32                       ` Jorge Timón
2015-07-28 16:44                       ` Tom Harding
2015-07-28 17:33                         ` Jorge Timón
2015-07-22 19:17     ` Eric Lombrozo
2015-07-22 21:43   ` Mike Hearn
2015-07-22 21:56     ` Eric Lombrozo
2015-07-22 22:01       ` Mike Hearn
2015-07-22 22:09         ` Eric Lombrozo
2015-07-23  1:53         ` Eric Lombrozo
2015-07-22 22:30     ` Jeff Garzik
2015-07-23  0:27   ` Tom Harding
2015-07-23  0:37     ` Eric Lombrozo
2015-07-23  4:40   ` Edmund Edgar
2015-07-27 12:08   ` Peter Todd
2015-07-27 12:44     ` Milly Bitcoin
2015-07-22 22:40 Raystonn
2015-07-22 23:42 ` Cory Fields
2015-07-22 23:53   ` Eric Lombrozo
2015-07-23  0:05     ` Cory Fields
2015-07-23  0:13       ` Eric Lombrozo
2015-07-23  0:34         ` Cory Fields
2015-07-23  0:43           ` Eric Lombrozo
2015-07-23  7:24             ` Ross Nicoll
2015-07-23  0:49         ` Eric Voskuil
2015-07-23 18:12   ` Jorge Timón
     [not found] <BA7ACCE1-81B2-4AC1-B6DD-7A856FD27D52@gmail.com>
2015-07-23  8:24 ` Gareth Williams
2015-07-27 17:05 Alice Larson
2015-07-27 17:22 ` Eric Voskuil
2015-07-28  4:55   ` Wladimir J. van der Laan

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