Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-14 Thread simondev1 via bitcoin-dev
.   Regards, Gesendet: Montag, 08. April 2019 um 02:55 Uhr Von: "ZmnSCPxj" An: simondev1 , "Bitcoin Protocol Discussion" Betreff: Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size Good morning simondev1, It seems the algorithm wo

Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-14 Thread simondev1 via bitcoin-dev
issek" An: simondev1 , "Bitcoin Protocol Discussion" Betreff: Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size On Sun, 7 Apr 2019 at 17:45, simondev1 via bitcoin-dev wrote: > ==Implementation== > Sort transactions by FeeInSatoshiPerByte

Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-08 Thread Omar Shibli via bitcoin-dev
Mining strategy is like HFT profitable strategy, you keep it close if it’s interesting, and you talk about it with the whole world if it’s void. gl. On Sun, Apr 7, 2019 at 6:45 PM simondev1 via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Dear bitcoin developers, > > New BIP:

Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-07 Thread Bernd Jendrissek via bitcoin-dev
On Sun, 7 Apr 2019 at 17:45, simondev1 via bitcoin-dev wrote: > ==Implementation== > Sort transactions by FeeInSatoshiPerByte (lowest first) > For each transaction starting from lowest FeeInSatoshiPerByte: Sum up the > bytes of space used so far. Check if summed up bytes of space used so far is

Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-07 Thread ZmnSCPxj via bitcoin-dev
Good morning simondev1, It seems the algorithm would greatly increase validation time. In particular, if the current limit is removed (as in hardforked proposal) then a 1Tb block can be used to attack the network, since sorting would require looking through the entire block. Thus, validation

Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-07 Thread Natanael via bitcoin-dev
Related ideas previously submitted by me; https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-March/013885.html Title: Block size adjustment idea - expedience fees + difficulty scaling proportional to block size (+ fee pool) Den sön 7 apr. 2019 17:45simondev1 via bitcoin-dev <

[bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size

2019-04-07 Thread simondev1 via bitcoin-dev
Dear bitcoin developers,   New BIP: https://github.com/bitcoin/bips/pull/774   ==Abstract== Logarithm of transaction fee limits block size.   ==Motivation== Keep block space small. Waste less with spam transactions. Auto balance Fees: Increase very low fees, Descrease very high fees.