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 proposal: Fee-redistribution contracts

2023-02-28 Thread shymaa arafat via bitcoin-dev
If you allow me to comment (just with a bird eye, have not read the paper only the abstract) I think the Bitcoin community may consider the intuition of somewhat "Future Saving" through TX fees: ie, the idea of saving a ratio of the fees (say half to be decreased to half with each reward halving)i

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

2023-02-27 Thread HcaFc_jbe via bitcoin-dev
Greetings, Brno is a beautiful city. Long term miner incentives remain an open question, and this is an interesting proposal, but it has flaws. -To intervene or not intervene --No intervention: When block subsidies do run out, years from now, it's possible that we live in a world where ord

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

2023-02-27 Thread Rastislav Budinsky via bitcoin-dev
Hello, I am working on my Bachelor's thesis, in which a new way of collecting transaction fees is introduced or rather how they are distributed. 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