From: Benjamin <benjamin.l.cordes@gmail•com>
To: Mike Hearn <mike@plan99•net>
Cc: Bitcoin Development <bitcoin-development@lists•sourceforge.net>,
Gavin Andresen <gavin@bitcoinfoundation•org>
Subject: Re: [Bitcoin-development] Concerns Regarding Threats by a Developer to Remove Commit Access from Other Developers
Date: Fri, 19 Jun 2015 11:53:01 +0200 [thread overview]
Message-ID: <CAOoPuRa2RRELMN4-1coe3ZDOHuxyp1YyX3t6aW+APhXJM8GpDw@mail.gmail.com> (raw)
In-Reply-To: <CANEZrP33GCiZHK1GV2Qt_R_AHK6SEjybGPtmORjqgvQ9MiYVZQ@mail.gmail.com>
Yeah, but increasing block-size is not a longterm solution. Necessary
higher fees are a logical consequence of lower subsidies. Bitcoin was
basically free to use at the beginning because miners got paid with
new coins at the expense of those who already hold coins. Eventually
there needs to be a mechanism which matches supply and demand.
On Fri, Jun 19, 2015 at 11:37 AM, Mike Hearn <mike@plan99•net> wrote:
>> Or alternatively, fix the reasons why users would have negative
>> experiences with full blocks
>
>
> It's impossible, Mark. By definition if Bitcoin does not have sufficient
> capacity for everyone's transactions, some users who were using it will be
> kicked out to make way for the others. Whether that happens in some kind of
> stable organised way or (as with the current code) a fairly chaotic way
> doesn't change the fundamental truth: some users will find their bitcoin
> savings have become uneconomic to spend.
>
> Here's a recent user complaint that provides a preview of coming
> attractions:
>
> https://www.reddit.com/r/Bitcoin/comments/39r3bi/breadwallet_asking_me_to_pay_over_10_network_fee/
>
>> Hello, I'm just trying to send my small Sarutobi-tips stash (12,159 bits)
>> onto a paper wallet. When I try to send it, a window pops up stating
>> "insufficient funds for bitcoin network fee, reduce payment amount by 1,389
>> bits?" This would be a fee of $0.32 to send my $2.82, leaving me with $2.50.
>
>
> These sorts of complaints will get more frequent and more extreme in the
> coming months. I realise that nobody at Blockstream is in the position of
> running an end user facing service, but many of us are .... and we will be
> the ones that face the full anger of ordinary users as Bitcoin hits the
> wall.
>
> ------------------------------------------------------------------------------
>
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists•sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
next prev parent reply other threads:[~2015-06-19 9:53 UTC|newest]
Thread overview: 60+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-06-18 8:54 odinn
2015-06-18 10:00 ` Mike Hearn
2015-06-18 11:14 ` Wladimir J. van der Laan
2015-06-18 11:47 ` Wladimir J. van der Laan
2015-06-18 13:36 ` Mike Hearn
2015-06-18 15:58 ` Gregory Maxwell
2015-06-18 12:29 ` Pieter Wuille
2015-06-18 12:50 ` Wladimir J. van der Laan
2015-06-18 12:56 ` Benjamin
2015-06-18 13:49 ` Mike Hearn
2015-06-18 14:05 ` Wladimir J. van der Laan
2015-06-18 14:16 ` Mike Hearn
2015-06-18 14:53 ` Milly Bitcoin
2015-06-18 14:56 ` Jeff Garzik
2015-06-18 15:13 ` Milly Bitcoin
2015-06-18 14:53 ` Jeff Garzik
2015-06-18 16:07 ` justusranvier
2015-06-18 16:28 ` Jeff Garzik
2015-06-18 17:04 ` justusranvier
2015-06-18 17:42 ` Alex Morcos
2015-06-18 18:01 ` Milly Bitcoin
2015-06-18 18:23 ` Gavin Andresen
2015-06-18 18:44 ` Alex Morcos
2015-06-18 18:49 ` Jorge Timón
2015-06-18 19:31 ` Ross Nicoll
2015-06-18 21:42 ` Matt Whitlock
2015-06-18 21:49 ` Mark Friedenbach
2015-06-18 21:58 ` Jeff Garzik
2015-06-18 22:33 ` Mark Friedenbach
2015-06-18 22:52 ` Jeff Garzik
2015-06-18 23:25 ` odinn
2015-06-18 23:16 ` Ross Nicoll
2015-06-19 0:57 ` Chris Pacia
2015-06-19 5:59 ` Eric Lombrozo
2015-06-19 9:37 ` Mike Hearn
2015-06-19 9:53 ` Benjamin [this message]
2015-06-19 10:08 ` GC
2015-06-19 10:19 ` Mike Hearn
2015-06-19 10:52 ` Eric Lombrozo
2015-06-19 11:31 ` Jorge Timón
2015-06-19 12:26 ` GC
2015-06-19 11:48 ` Brooks Boyd
2015-06-21 14:45 ` Owen Gunden
2015-06-18 21:55 ` Ross Nicoll
2015-06-18 19:24 ` Matt Corallo
2015-06-18 19:32 ` Gregory Maxwell
2015-06-18 12:38 ` Milly Bitcoin
2015-06-18 13:31 ` Mike Hearn
2015-06-18 13:50 ` Pieter Wuille
2015-06-18 15:03 ` Mark Friedenbach
2015-06-18 15:30 ` Milly Bitcoin
2015-06-18 15:46 ` Wladimir J. van der Laan
2015-06-18 16:05 ` Mike Hearn
2015-06-18 16:20 ` Wladimir J. van der Laan
2015-06-18 22:49 ` odinn
2015-06-18 16:11 ` Milly Bitcoin
2015-06-18 11:41 ` Lawrence Nahum
2015-06-18 14:33 ` Bryan Bishop
2015-06-18 18:09 ` Melvin Carvalho
2015-06-18 22:10 ` odinn
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