From: Greg Tonoski <gregtonoski@gmail•com>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: [bitcoin-dev] [BUG]: Bitcoin blockspace price discrimination put simple transactions at disadvantage
Date: Wed, 27 Dec 2023 17:44:51 +0100 [thread overview]
Message-ID: <CAMHHROxsKuqzVsU90srQBNDj4redB11uqB2JxmDK=G1LDw9_HA@mail.gmail.com> (raw)
Blockspace price for data of a simple transaction is higher than the
one for data of other ("complex") transactions: 3 vs 1.49
"weight"/byte in the examples below:
- 3=616 "weight" / 205 bytes (txid:
aabbcce67f2aa71932f789cac5468d39e3d2224d8bebb7ca2c3bf8c41d567cdd)
- 1.49=1140 "weight" / 767 bytes (txid:
1c35521798dde4d1621e9aa5a3bacac03100fca40b6fb99be546ec50c1bcbd4a).
As a result, there are incentives structure distorted and critical
inefficiencies/vulnerabilities (e.g. misallocation of block space,
blockspace value destruction, disincentivized simple transaction,
centralization around complex transactions originators).
Price of blockspace should be the same for any data (1 byte = 1 byte,
irrespectively of location inside or outside of witness), e.g. 205/205
and 767/767 bytes in the examples above.
Perhaps, the solution (the same price, "weight" of each bit of a
transaction) could be introduced as part of the next version of Segwit
transactions.
Let's fix it. What do you think?
next reply other threads:[~2023-12-27 16:44 UTC|newest]
Thread overview: 10+ messages / expand[flat|nested] mbox.gz Atom feed top
2023-12-27 16:44 Greg Tonoski [this message]
2023-12-27 19:06 ` Nagaev Boris
2024-01-13 15:04 ` Greg Tonoski
2024-01-16 23:29 ` Nagaev Boris
2024-01-21 17:14 ` Greg Tonoski
2023-12-27 22:39 ` Keagan McClelland
2024-01-14 13:10 ` Greg Tonoski
2024-01-16 23:40 ` Nagaev Boris
2023-12-27 21:43 vjudeu
2024-01-16 10:40 ` Greg Tonoski
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