Subject: Re: [Bitcoin-development] Floating fees and SPV clients

From: Jeff Garzik <[email-masked]>
Date: Mon, 2 Dec 2013 09:47:41 -0500

Current rough timeline proposed for 0.9 was end-of-January, IIRC.

On Mon, Dec 2, 2013 at 9:44 AM, Mike Hearn <[email-masked]> wrote:
> PPv1 doesn't have any notion of fee unfortunately. I suppose it could be
> added easily, but we also need to launch the existing feature set.
>
> There's code pending review to implement PPv1 in bitcoinj, unfortunately
> it's currently not passing unit tests and the author can't figure out why. I
> didn't have time to debug it yet myself. I'm hopeful we can get it working
> and merged by EOY.
>
> It may be time to start talking about timelines for 0.9. I am wondering if
> floating fees should be broken out of the 0.9 release and launched in a
> quick 0.10 followup - if that were to be done then I think 0.9 could go to
> beta relatively soon, like early next year. There have been a lot of
> improvements already and it'd be a shame to block them all further.
>
>
>
> On Mon, Dec 2, 2013 at 3:37 PM, Jeff Garzik <[email-masked]> wrote:
>>
>> On Mon, Dec 2, 2013 at 9:33 AM, Mike Hearn <[email-masked]> wrote:
>> > "The payment protocol at least would need some notion of fee, or
>> > possibly
>> > (better?) the ability for a recipient to specify some inputs as well as
>> > some
>> > outputs."
>>
>> <vendor hat: on>
>>
>> BitPay noticed this detail last week.  We were noticing that some
>> transactions were not even reaching our bitcoind border routers (edge
>> nodes), due to low/no fees.  That led to a long discussion of all
>> things fee-related.  SPV fees are a big issue.  Getting
>> child-pays-for-parent in some form out to miners is another.  Getting
>> a smart, dynamic fee market Gavin mentions is a big need.
>>
>> --
>> Jeff Garzik
>> Bitcoin core developer and open source evangelist
>> BitPay, Inc.      https://bitpay.com/
>
>

-- 
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc.      https://bitpay.com/