From: Dave Scotese <dscotese@litmocracy•com>
To: Vincent Truong <vincent.truong@procabiak•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Bitcoin Days Destroyed as block selection heuristic
Date: Sat, 12 Sep 2015 11:55:03 -0700 [thread overview]
Message-ID: <CAGLBAhfPckVHgTRXYck2xiS79CMyJdHZ4ej0_fGr=RchbrP5dA@mail.gmail.com> (raw)
In-Reply-To: <CACrzPe=kDVJHDMgyuFvVcPf1FbfzLbDYFKxzaxtdWnvkJ=HpLQ@mail.gmail.com>
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>
> From the Bitcoin wiki page on transaction fees
> <https://en.bitcoin.it/wiki/Transaction_fees#Technical_info>:
>
> Transaction priority is calculated as a value-weighted sum of input age,
> divided by transaction size in bytes: priority =
> sum(input_value_in_base_units * input_age)/size_in_bytes
>
If I read that correctly, that is directly proportional to BTCDD, so
whatever effect concerns you has already been built into the code.
On Fri, Sep 11, 2015 at 3:21 PM, Vincent Truong <
vincent.truong@procabiak•com> wrote:
> Would this alter the way txns will be prioritised in order to try to win?
> You would always pick txns with the best BTCDD to maximize your chances of
> being the block to build on.
>
> I see this as potentially being a bad outcome for bitcoin's fungibility.
>
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prev parent reply other threads:[~2015-09-12 18:55 UTC|newest]
Thread overview: 8+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-09-11 16:27 Dave Scotese
2015-09-11 16:32 ` Jorge Timón
2015-09-11 17:18 ` Christophe Biocca
2015-09-11 18:37 ` Jorge Timón
2015-09-11 19:06 ` Christophe Biocca
2015-09-11 19:26 ` Dave Scotese
2015-09-11 22:21 ` Vincent Truong
2015-09-12 18:55 ` Dave Scotese [this message]
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