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From: Thomas Zander <thomas@thomaszander.se>
To: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Fees and the block-finding process
Date: Tue, 11 Aug 2015 00:09:14 +0200	[thread overview]
Message-ID: <1472719.PaoH0O6gJe@coldstorage> (raw)
In-Reply-To: <CABm2gDqokER8=1PRW6u76BK4BgpDQZgbPw5_2HZztG1j6Mxg8A@mail.gmail.com>

On Monday 10. August 2015 16.55.40 Jorge Timón via bitcoin-dev wrote:
> I'm not trying to be obstinate but I seriously can't see how they are
> different.
> When you say unreliable I think you mean "unreliable for cheap fee
> transactions". Transactions with the highest fees will always confirm
> reliably. For example, a 1 btc fee tx will probably always confirm very
> reliably even if capacity never increases and demands increases a lot.

The actual fee is irrelevant, the amount of transactions is relevant.

Have you ever been to a concert that was far away from public transport? They 
typically set up bus shuttles, or taxis to get people back into town 
afterwards.
The result there is always you end up waiting forever and it actually may be 
easier to just walk instead of wait.
The amount you pay is irrelevant if everyone is paying it. There still is more 
demand than there is capacity.

At the concert the amount of people will stop after some time, and you'd get 
your bus. But in the scenarios created here the queues will never stop.

So, no, its not unreliable for cheap free transactions.
Its unreliable for all types of transactions.

-- 
Thomas Zander


  reply	other threads:[~2015-08-10 22:17 UTC|newest]

Thread overview: 94+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-08-07 14:57 [bitcoin-dev] Fees and the block-finding process Gavin Andresen
2015-08-07 15:16 ` Pieter Wuille
2015-08-07 15:55   ` Gavin Andresen
2015-08-07 16:28     ` Pieter Wuille
2015-08-07 17:47       ` Ryan Butler
2015-08-07 18:25         ` Mark Friedenbach
2015-08-07 18:57           ` Ryan Butler
2015-08-07 19:07             ` Ryan Butler
2015-08-07 19:15               ` Mark Friedenbach
2015-08-07 20:17                 ` Ryan Butler
2015-08-07 20:33                   ` Dave Hudson
2015-08-07 18:17       ` jl2012
2015-08-07 18:35         ` Bryan Bishop
2015-08-07 18:36         ` Simon Liu
2015-08-11 23:20       ` Elliot Olds
2015-08-07 17:33     ` Jorge Timón
2015-08-07 22:12       ` Thomas Zander
2015-08-07 23:06         ` Adam Back
2015-08-08 22:45           ` Dave Scotese
2015-08-08 23:05             ` Alex Morcos
2015-08-09  5:52               ` Hector Chu
2015-08-09 10:32               ` Thomas Zander
2015-08-09 10:42             ` Thomas Zander
2015-08-09 20:43               ` Dave Scotese
2015-08-11 17:03                 ` Jorge Timón
2015-08-10 11:55       ` Jorge Timón
2015-08-10 12:33         ` Btc Drak
2015-08-10 13:03           ` Jorge Timón
2015-08-10 22:13         ` Thomas Zander
2015-08-11 17:47           ` Jorge Timón
2015-08-11 18:46             ` Michael Naber
2015-08-11 18:48               ` Mark Friedenbach
2015-08-11 18:55                 ` Michael Naber
2015-08-11 19:45                   ` Jorge Timón
2015-08-11 21:31                     ` Michael Naber
2015-08-11 18:51               ` Bryan Bishop
2015-08-11 18:59                 ` Michael Naber
2015-08-11 19:27               ` Jorge Timón
2015-08-11 19:37                 ` Michael Naber
2015-08-11 19:51                   ` Pieter Wuille
2015-08-11 21:18                     ` Michael Naber
2015-08-11 21:23                       ` Adam Back
2015-08-11 21:30                         ` Angel Leon
2015-08-11 21:32                           ` Pieter Wuille
2015-08-11 21:34                           ` Adam Back
2015-08-11 21:39                             ` Michael Naber
2015-08-12  6:10                               ` Venzen Khaosan
2015-08-11 22:06                             ` Angel Leon
2015-08-11 21:35                         ` Michael Naber
2015-08-11 21:51                           ` Pieter Wuille
2015-08-12  3:35                             ` Elliot Olds
2015-08-12  4:47                               ` Venzen Khaosan
2015-08-14 21:47                                 ` Elliot Olds
2015-08-12  0:56                         ` Tom Harding
2015-08-12  1:18                       ` Eric Voskuil
2015-08-12  8:10                     ` Thomas Zander
2015-08-12  9:00                       ` Jorge Timón
2015-08-12  9:25                         ` Thomas Zander
2015-08-11 19:53                   ` Jorge Timón
2015-08-11 20:56                     ` Michael Naber
2015-08-12  7:54                 ` Thomas Zander
2015-08-12  8:01             ` Thomas Zander
     [not found]             ` <1679272.aDpruqxXDP@coldstorage>
2015-08-12  8:51               ` Jorge Timón
2015-08-12  9:23                 ` Thomas Zander
2015-08-12  9:45                   ` Jorge Timón
2015-08-12 16:24                     ` Thomas Zander
2015-08-17 14:49                     ` BitMinter operator
2015-08-17 15:01                       ` Peter Todd
2015-08-10 14:12       ` Gavin Andresen
2015-08-10 14:24         ` Alex Morcos
2015-08-10 22:12           ` Thomas Zander
2015-08-10 14:34         ` Pieter Wuille
2015-08-10 22:04           ` Thomas Zander
2015-08-20 14:40           ` Will Madden
2015-08-10 14:55         ` Jorge Timón
2015-08-10 22:09           ` Thomas Zander [this message]
2015-08-10 22:52             ` Pieter Wuille
2015-08-10 23:11               ` Pieter Wuille
2015-08-11  5:34               ` Thomas Zander
2015-08-11  6:03                 ` Mark Friedenbach
2015-08-11  6:31                   ` Thomas Zander
2015-08-11  7:08                     ` Mark Friedenbach
2015-08-11  8:38                       ` Thomas Zander
2015-08-11  9:14                         ` Angel Leon
2015-08-11 19:00                           ` Mark Friedenbach
2015-08-11 19:26                             ` Michael Naber
2015-08-11 20:12                               ` Adam Back
2015-08-12  0:32                           ` odinn
2015-08-11 11:10                       ` Thomas Zander
2015-08-12  0:18                       ` odinn
2015-08-07 21:30   ` Jim Phillips
2015-08-07 18:22 ` Anthony Towns
2015-08-07 18:36 ` Peter R
2015-08-12  1:56 Corey Haddad

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