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From: Peter Todd <pete@petertodd.org>
To: Benjamin <benjamin.l.cordes@gmail.com>
Cc: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] A Proposed Compromise to the Block Size Limit
Date: Sat, 27 Jun 2015 13:37:24 -0400	[thread overview]
Message-ID: <20150627173724.GA30546@muck> (raw)
In-Reply-To: <CAOoPuRZrV_8XJbCbHMEWAfoKYc+OSQQMuhgESgG2JD2nEHoyvQ@mail.gmail.com>

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On Sat, Jun 27, 2015 at 07:26:00PM +0200, Benjamin wrote:
> "Thus we have a fixed capacity system where access is mediated by supply
> and demand transaction fees."
> 
> There is no supply and demand. That would mean users would be able to adapt
> fees and get different quality of service depending on current capacity.
> For example if peak load is 10x average load, then at those times fees
> would be higher and users would delay transactions to smooth out demand.

That's exactly how Bitcoin works already. See my article on how
transaction fees work for more details:

https://gist.github.com/petertodd/8e87c782bdf342ef18fb

-- 
'peter'[:-1]@petertodd.org
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  reply	other threads:[~2015-06-27 17:37 UTC|newest]

Thread overview: 43+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-06-27 14:39 [bitcoin-dev] A Proposed Compromise to the Block Size Limit Michael Naber
2015-06-27 15:21 ` Peter Todd
2015-06-27 15:29   ` Randi Joseph
2015-06-27 15:32     ` Peter Todd
2015-06-27 16:19   ` Michael Naber
2015-06-27 17:20     ` Peter Todd
2015-06-27 17:26       ` Benjamin
2015-06-27 17:37         ` Peter Todd [this message]
2015-06-27 17:46           ` Benjamin
2015-06-27 17:54             ` Peter Todd
2015-06-27 17:58               ` Venzen Khaosan
2015-06-27 19:34               ` Benjamin
2015-06-27 15:33 ` Adam Back
2015-06-27 16:09   ` Michael Naber
2015-06-27 16:28     ` Mark Friedenbach
2015-06-27 16:37     ` Peter Todd
2015-06-27 17:25       ` Michael Naber
2015-06-27 17:34         ` Peter Todd
2015-06-27 18:02           ` Jameson Lopp
2015-06-27 18:47             ` Peter Todd
2015-06-28  5:34 Raystonn
2015-06-28 10:07 ` Adam Back
2015-06-28 10:29   ` Benjamin
2015-06-28 12:37     ` Adam Back
2015-06-28 16:32       ` Raystonn .
2015-06-28 17:12         ` Mark Friedenbach
2015-06-28 17:18           ` Benjamin
2015-06-28 17:29           ` Gavin Andresen
2015-06-28 17:45             ` Mark Friedenbach
2015-06-28 17:51             ` Adam Back
2015-06-28 18:58               ` Adam Back
2015-06-28 21:05                 ` Gavin Andresen
2015-06-28 21:23                   ` Michael Naber
2015-06-28 22:07                   ` Adam Back
2015-06-29  0:59                     ` Eric Lombrozo
2015-06-29  1:13                     ` Eric Lombrozo
2015-06-29  1:45                     ` Andy Schroder
2015-06-30  0:42                     ` Tom Harding
2015-07-10  2:55                 ` Tom Harding
2015-06-28 17:53             ` Jorge Timón
2015-06-28 19:22             ` Andrew Lapp
2015-06-28 19:40               ` Benjamin
2015-06-28 12:32   ` Milly Bitcoin

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