From: John Dillon <john.dillon892@googlemail•com>
To: Gavin Andresen <gavinandresen@gmail•com>,
Peter Todd <pete@petertodd•org>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Making fee estimation better
Date: Mon, 28 Oct 2013 07:17:50 +0000 [thread overview]
Message-ID: <CAPaL=UVnfVkU_mbQKE2gg7RXBv+B13A1eHU4VpiHkBdmfea80g@mail.gmail.com> (raw)
In-Reply-To: <CABsx9T0nc-TO1_=n47UnYHiWKSNvci9Xyhni9PQa=DRo1B7FDg@mail.gmail.com>
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On Sat, Oct 26, 2013 at 12:25 AM, Gavin Andresen
<gavinandresen@gmail•com> wrote:
> I feel like there is a lot of "in the weeds" discussion here about
> theoretical, what-if-this-and-that-happens-in-the-future scenarios.
>
> I would just like to point out (again) that this is not intended to be The
> One True Solution For Transaction Fees And Transaction Prioritization. If
> you've got a better mechanism for estimating fees, fantastic! If it turns
> out estimates are often-enough wrong to be a problem and you've got a
> solution for that, fantastic!
This discussion seems to be a lot of hot air over a simple observation that
estimates are imperfect and always will be. I do not understand you vehement
opposition the notion that a backup is a good thing except in the context that
replacement to change fees is halfway to profit-seeking replacement by fee.
Peter Todd:
You did a fair bit of leg work for replace-by-fee. Seems to me that
replace-for-fee will help prep infrastructure to eventual replace-by-fee usage,
while avoiding some of the politics around zero-conf transactions.
Go dust off your code and make it happen. I want to see a mempool
implementation similar to what you did for me on replace-for-fee, and I
understand much of the code is written in any case. This time I also want to
see a increasetxfee RPC command, and erasewallettx RPC command to deal with
duplicates. (I know touching the wallet code is scary) Having all will enable
usage, and I can imagine getting pools to use this will be easy enough.
(eligius?)
Here is your 4BTC bounty. In the event I am not around Gregory Maxwell can also
adjudicate. If both you and him feel someone else deserves it, by all means
send them the funds
bitcoind decodescript
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3 OP_CHECKMULTISIG",
"reqSigs" : 2,
"type" : "multisig",
"addresses" : [
"1L9p6QiWs2nfinyF4CnbqysWijMvvcsnxe",
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],
"p2sh" : "3BST1dPxvgMGL3d9GPCHvTyZNsJ7YKTVPo"
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(I realized right after my Tor payment protocol bounty that I would need some
bit of uniqueness like a bounty-specific pubkey to disambiguate multiple such
bounties!)
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next prev parent reply other threads:[~2013-10-28 7:17 UTC|newest]
Thread overview: 22+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-10-24 14:30 Peter Todd
2013-10-24 14:38 ` Mike Hearn
2013-10-24 14:43 ` Peter Todd
2013-10-24 14:46 ` Mike Hearn
2013-10-24 14:54 ` Peter Todd
2013-10-24 20:39 ` Gavin Andresen
2013-10-25 7:07 ` Peter Todd
2013-10-25 12:02 ` Andreas Petersson
2013-10-25 13:29 ` Mark Friedenbach
2013-10-25 14:08 ` Andreas Petersson
2013-10-25 16:13 ` Peter Todd
2013-10-25 19:35 ` Jeremy Spilman
2013-10-25 22:13 ` Peter Todd
2013-10-25 7:51 ` Jeremy Spilman
2013-10-25 22:49 ` Peter Todd
2013-10-26 0:25 ` Gavin Andresen
2013-10-26 7:28 ` Peter Todd
2013-10-28 7:17 ` John Dillon [this message]
2013-11-04 10:52 ` [Bitcoin-development] Zeroconf-safe tx replacement (replace-for-fee) Peter Todd
2013-11-04 11:10 ` Adam Back
2013-11-04 11:59 ` Peter Todd
[not found] <mailman.289181.1382717617.21953.bitcoin-development@lists.sourceforge.net>
2013-10-25 16:40 ` [Bitcoin-development] Making fee estimation better Tamas Blummer
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