The bitcoin ecosystem is better off the more transactions are propogated peer-to-peer than directly to miners. We want miners listening to the network, not soliciting transactions directly from users. You whispering your transactions to your miner-of-choice while I whisper to mine contravenes a critical value-add of the peer-to-peer network in my opinion. On Tue, Mar 28, 2017 at 10:35 AM Martin Stolze via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Hi AJ, > That's outstanding. I am glad to see that there is actually somebody > who has made some progress. > > > "miners as service providers." > Great idea! Block space as a resource is under-analyzed. > > > miner/pool's political positions, their consensus ideology, physical > location (yes some people would like only miners in particular countries to > mine their transactions) > > I am not joking when I say that in 3 to 8 years, I want to be able to > verify my transaction through green blocks that are generated locally > by my neighbor through the excess capacity of his solar panels or by > an NGO pool that promotes solar deployment around the equator. > > > The main attitude right now is that people would like to 'support' > miners who signal for the features they care about. > > Yes, just selecting all SegWit signaling hash power instead of picking > individual Authorities would be helpful on preferredminer.com > > > I strongly believe, whether the Bitcoin developer community facilitates > it or not, certain miners will become preferred by users. > > Absolutely, considering the recent language used in opinions by the > ECB and drafts by the EU I see them assembling the artillery. I > wouldn't be surprised if they start target practice next year. That > will mean that commercial interest must have a way to transact on > somewhat regulated space. > > > 1) By creating 'segregated mempools' where an authenticated third-party > like my web service Preferred Miner manages the access to pending > transactions destined for a specific set of miners > > I would call it regulated block space or regulated consensus space. I > hope that we can do that on a deeper level, as part of the p2p > protocol layer. > > > 2) by creating transactions where the mining fee is in one way or > another, an output to an address owned by the preferred miner(s). > > That's a distinct function, e.g. at least some communities charge a tax. > [1] > I fear it is more likely that a business, say Coinbase, will approach > a "miner" and just say "we pay 100 USD for a KB to your bank account, > here are our transactions with no fee". It will literally be an > off-chain fee. That's what I mean by "secondary market". This would be > one of the least appealing scenarios. > > > There are some terrible pitfalls with both of these methods. [...] > > Spot on, that's why this should receive some attention before it > becomes urgent. I think there is much more to it that we are missing > at the moment, e.g. Tom: "Using xthin/compact blocks miners only send > a tiny version of a block which then causes the receiving node to > re-create it using the memory pool." > > > [1] http://thebitcoin.foundation/declaration.txt > > > > > From: AJ West > > To: bitcoin-dev@lists.linuxfoundation.org > > Cc: > > Bcc: > > Date: Mon, 27 Mar 2017 12:29:20 -0400 > > Subject: Re: [bitcoin-dev] Inquiry: Transaction Tiering > > Hi I'm AJ West, I made a service http://preferredminer.com which is a > proof-of-concept project designed to spur discussion on exactly this issue > of "miners as service providers." > > > > The current status is that Bitcoin end users are looking to support > specific miners, whether that's because they agree with a miner/pool's > political positions, their consensus ideology, physical location (yes some > people would like only miners in particular countries to mine their > transactions) and the list of reasons goes on. The main attitude right now > is that people would like to 'support' miners who signal for the features > they care about. > > > > I strongly believe, whether the Bitcoin developer community facilitates > it or not, certain miners will become preferred by users. In summary, there > are realistically two proposed ways of providing this service in the > present-day situation: 1) By creating 'segregated mempools' where an > authenticated third-party like my web service Preferred Miner manages the > access to pending transactions destined for a specific set of miners, and > 2) by creating transactions where the mining fee is in one way or another, > an output to an address owned by the preferred miner(s). > > > > There are some terrible pitfalls with both of these methods. The first > being that you have to trust a lot of people, including the 3rd party (me) > and the pools to work in your users' interest ("don't give my transactions > to other miners or broadcast to mempool please"). Then there are the extra > fees users will have to pay to offset the risk of a miner losing out for > having to send the network a not-yet-broadcasted transaction. And finally, > the other method requires that they be larger transactions, and a directory > of mining pools' receiving addresses for outputs must be maintained. Then > you have to hope the miner will be setup to scoop in your transaction > knowing it's got a fee for them. Plus, how many nodes going forward are > going to hold what seem to be 0-fee transactions in mempool (because the > fee is in the outputs)? > > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev >