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.

Re: [bitcoin-dev] Smart Contracts Unchained

2019-04-07 Thread Aymeric Vitte via bitcoin-dev
Hi, Apparently you are not a fan of ethereum, as far as I can tell ethereum sidechains look like a mess with stupid tokens/transactions flooding the network while they are completely centralized, but some bitcoin sidechains can easily compete with this too, like Tether, don't even understand