Re: [bitcoin-dev] BIP for OP_VAULT

2023-03-01 Thread Anthony Towns via bitcoin-dev
On Wed, Mar 01, 2023 at 10:05:47AM -0500, Greg Sanders via bitcoin-dev wrote: > Below is a sketch of a replacement for the two opcodes. I like this! I tried to come up with something along similar lines for similar reasons, but I think I tried too hard to reduce it to two opcodes or something and

Re: [bitcoin-dev] Minimum fees

2023-03-01 Thread Nadav Ivgi via bitcoin-dev
Hi Giuseppe, One side-effect this has is that until enough fees accumulate in the mempool to satisfy min_fees, the rational behaviour for miners would be to try and fork the chain tip, competing for the fees in the latest block (+whatever got into the mempool in the meanwhile and can fit in). This

[bitcoin-dev] Minimum fees

2023-03-01 Thread Giuseppe B via bitcoin-dev
Hello everyone, I'm relatively new here so what I'm proposing could have already been discussed, or may be flawed or inapplicable. I apologize for that. I was picturing a situation where block rewards are almost zero, and the base layer is mainly used as a settlement layer for relatively few larg

Re: [bitcoin-dev] BIP proposal: Fee-redistribution contracts

2023-03-01 Thread David A. Harding via bitcoin-dev
On 2023-02-27 03:32, Rastislav Budinsky via bitcoin-dev wrote: When a miner mines a block he takes all the fees currently. However with the proposed solution he takes only fraction M and remaining fraction C is sent to one of more contracts. One contract at its simplest collects fees from the min

Re: [bitcoin-dev] BIP for OP_VAULT

2023-03-01 Thread Greg Sanders via bitcoin-dev
Hello James, First off, thank you for crafting an interesting idea like this that is aimed at solving a serious problem. I see a lot of excitement about the use cases, and I think it's worth iterating on. Attempting to keep the idealized functionality constant, I'd like to explore a design detour