Hi, This is the first time I post on this list.
First of all, Thank you Jameson for the interview you gave yesterday, it’s been a model of calm and self-control for all of us. I deeply believe the high average fees we experience right now are mostly due to the miscalculations of most of the hardware (ledger & trezor) wallets (and probably software too) on the market. I personally made transactions at the worst period for the Blockchain with less than 40 sat/WU of fees and got confirmed in less than a day. I think there’s a lot of work to do in used education to make them understand that for a low amount of fees they can still get a transaction confirmed and that’s the POS’ work to make sure the transaction is legit. Regards, Michel. > On 21 Dec 2017, at 23:02, Jameson Lopp via bitcoin-dev > <[email protected]> wrote: > > I'd hope that the incentives are in place to encourage high volume senders to > be more efficient in their use of block space by batching transactions and > implementing SegWit, though this may not be the case for providers that pass > transaction fees along to their users. > > We've been trying to be more proactive about outreach regarding efficient use > of block space to our own customers at BitGo - when we break down the cost > savings of implementing a new technique, it generally helps to hasten their > adoption. I suspect that in many cases this is an issue of education - we > should be more proactive in calling out inefficient uses of block space. > > Good resources to bookmark and share: > > https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb > > <https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb> > > https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598 > > <https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598> > > - Jameson > > On Thu, Dec 21, 2017 at 4:30 PM, Melvin Carvalho via bitcoin-dev > <[email protected] > <mailto:[email protected]>> wrote: > I asked adam back at hcpp how the block chain would be secured in the long > term, once the reward goes away. The base idea has always been that fees > would replace the block reward. > > At that time fees were approximately 10% of the block reward, but have now > reached 45%, with 50% potentially being crossed soon > > https://fork.lol/reward/feepct <https://fork.lol/reward/feepct> > > While this bodes well for the long term security of the coin, I think there > is some legitimate concern that the fee per tx is prohibitive for some use > cases, at this point in the adoption curve. > > Observations of segwit adoption show around 10% at this point > > http://segwit.party/charts/ <http://segwit.party/charts/> > > Watching the mempool shows that the congestion is at a peak, though it's > quite possible this will come down over the long weekend. I wonder if this > is of concern to some. > > https://dedi.jochen-hoenicke.de/queue/more/#24h > <https://dedi.jochen-hoenicke.de/queue/more/#24h> > > I thought these data points may be of interest and are mainly FYI. Though if > further discussion is deemed appropriate, it would be interesting to hear > thoughts. > > _______________________________________________ > bitcoin-dev mailing list > [email protected] > <mailto:[email protected]> > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev> > > > _______________________________________________ > bitcoin-dev mailing list > [email protected] > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
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