From: "Jorge Timón" <jtimon@jtimon•cc>
To: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>,
Mark <mark@friedenbach•org>
Cc: Daniele Pinna <daniele.pinna@gmail•com>
Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
Date: Sat, 30 Sep 2017 05:53:00 +0200 [thread overview]
Message-ID: <CABm2gDqXXvNCZ7EyKuwudB5J0YDX7hNnXHPZNxTO0_JsM+yNHg@mail.gmail.com> (raw)
In-Reply-To: <5F7A4F74-B108-4E30-A3F4-4125BBD0F819@friedenbach.org>
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I really don't see how this "outlier behaviour" can be prevented. I think
it would be the norm even with your proposed "fix". Perhaps I'm missing
something too.
On 29 Sep 2017 5:24 pm, "Mark Friedenbach via bitcoin-dev" <
bitcoin-dev@lists•linuxfoundation.org> wrote:
> This is correct. Under assumptions of a continuous mempool model however
> this should be considered the outlier behavior, other than a little bit of
> empty space at the end, now and then. A maximum fee rate calculated as a
> filter over past block rates could constrain this outlier behavior from
> ever happening too.
>
> > On Sep 29, 2017, at 3:43 AM, Daniele Pinna <daniele.pinna@gmail•com>
> wrote:
> >
> > Maybe I'm getting this wrong but wouldn't this scheme imply that a miner
> is incentivized to limit the amount of transactions in a block to capture
> the maximum fee of the ones included?
> >
> > As an example, mined blocks currently carry ~0.8 btc in fees right now.
> If I were to submit a transaction paying 1 btc in maximal money fees, then
> the miner would be incentivized to include my transaction alone to avoid
> that lower fee paying transactions reduce the amount of fees he can earn
> from my transaction alone. This would mean that I could literally clog the
> network by paying 1btc every ten minutes.
> >
> > Am I missing something?
> >
> > Daniele
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists•linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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next prev parent reply other threads:[~2017-09-30 3:53 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
[not found] <CAEgR2PGCZ=F85yjAbZgC6NtzhpdgBL3n4M2jowN12wJ7x-Ai1A@mail.gmail.com>
[not found] ` <CAEgR2PGrxDQE0k8WX4XXz9GN-RAL6JB51ST9Hdz=ba36gRCa6A@mail.gmail.com>
[not found] ` <CAEgR2PFjt=ihzRBhNXbHTAJz1R+3vz8o-zRZkDA3iBo39x9cTQ@mail.gmail.com>
[not found] ` <CAEgR2PFfSjJjkTYq+DAmTzmkHPxqhn6fUDoXTzrRebz+OoUgqw@mail.gmail.com>
[not found] ` <CAEgR2PG5ZueHKDXbsPDEjQG7xAYBa_JAtPZo9n1V2=STC1srpA@mail.gmail.com>
[not found] ` <CAEgR2PGPQ1e9SmoWOS3V+N9v+OWiM4g3nPN3d9urc+DfkWEJ7A@mail.gmail.com>
[not found] ` <CAEgR2PEKkHH6+Sh8cQGF83-s1tpwQZgd0fiuNz_xyWu0mUPfCA@mail.gmail.com>
[not found] ` <CAEgR2PEyWFO1RFohVEpcb-M7aM-8xjCFvDPeJPD4zF4yTCyZ0A@mail.gmail.com>
2017-09-29 10:43 ` Daniele Pinna
2017-09-29 12:50 ` Alex Morcos
2017-09-29 15:22 ` Mark Friedenbach
2017-09-30 3:53 ` Jorge Timón [this message]
2017-09-30 3:55 ` Jorge Timón
2017-09-30 8:54 ` Gregory Maxwell
2017-09-30 0:47 ` Gregory Maxwell
2017-09-29 1:06 Mark Friedenbach
2017-09-29 1:53 ` Matt Corallo
2017-09-29 2:09 ` Nathan Wilcox
2017-09-29 2:10 ` Peter Todd
2017-09-29 2:17 ` Nathan Wilcox
2017-09-29 3:30 ` Mark Friedenbach
2017-09-29 2:02 ` Peter Todd
2017-09-29 2:45 ` Mark Friedenbach
2017-09-29 3:02 ` Peter Todd
2017-09-29 4:45 ` Anthony Towns
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