Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-30 Thread alicexbt via bitcoin-dev
Hi Aaradhya, > I discussed this on the Bitcoin subreddit and some suggested that the > developers, in the future, have to just change the "default minimum relay tx > fee" from 1000 today to 500 at that time. > There are several issues and pull requests (open and closed) in which developers tr

Re: [bitcoin-dev] New BIP: Private Payments

2022-07-30 Thread Ruben Somsen via bitcoin-dev
Hi Alfred, Thanks for all the effort. Note that in the previous thread I mentioned[0] that this proposal introduces a scanning requirement in order to detect incoming notifications (complicating light client implementation). I recommend that you put this information in the BIP, as this is an impo

[bitcoin-dev] New BIP: Private Payments

2022-07-30 Thread Alfred Hodler via bitcoin-dev
Hi, We propose a new BIP that facilitates more private two-party transactions. This is a strict improvement upon BIP47, with increased privacy and better future-proofing. The contents may be found here: https://github.com/alfred-hodler/bips/blob/bip-alfredhodler-private-payments/bip-alfredhodle

Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-30 Thread Peter Todd via bitcoin-dev
On Thu, Jul 28, 2022 at 05:38:19PM -1000, David A. Harding wrote: > I think the phrasing by Aaradhya Chauhan and Peter Todd above are conflating > the minimum output amount policy ("dust limit") with the minimum transaction > relay feerate policy ("min tx relay fee"). Any transaction with an outpu

Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

2022-07-30 Thread Aaradhya Chauhan via bitcoin-dev
I'm not suggesting to initiate it anytime soon. But suppose, let's take a situation where Bitcoin reaches and oscillates above 200k to 500k USD, then 1 sat/vB could be equivalent to 10 sat/vB of today, hampering the "dust requirement" (ignoring inflation). I discussed this on the Bitcoin subreddit