Re: [Bitcoin-development] A way to create a fee market even without a block size limit (2013)

2015-05-11 Thread Sergio Lerner
El 10/05/2015 06:07 p.m., Gregory Maxwell escribió: On Sun, May 10, 2015 at 8:45 PM, Sergio Lerner sergioler...@certimix.com wrote: Can the system by gamed? Users can pay fees or a portion of fees out of band to miner(s); this is undetectable to the network. Then this is exactly what is

Re: [Bitcoin-development] A way to create a fee market even without a block size limit (2013)

2015-05-10 Thread Stephen
Why do so many tie the block size debate to creating a fee market, as if one didn't already exist? Yes, today we frequently see many low priority transactions included into the next block, but that does not mean there is not a marketplace for block space. It just means miners are not being

Re: [Bitcoin-development] A way to create a fee market even without a block size limit (2013)

2015-05-10 Thread Gregory Maxwell
On Sun, May 10, 2015 at 8:45 PM, Sergio Lerner sergioler...@certimix.com wrote: Can the system by gamed? Users can pay fees or a portion of fees out of band to miner(s); this is undetectable to the network. It's also behavior that miners have engaged in since at least 2011 (in two forms;

[Bitcoin-development] A way to create a fee market even without a block size limit (2013)

2015-05-10 Thread Sergio Lerner
Two years ago I presented a new way to create a fee market that does not depend on the block chain limit. This proposal has not been formally analyzed in any paper since then, but I think it holds a good promise to untangle the current problem regarding increasing the tps and creating the fee