From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id CB0A7ACC for ; Sat, 27 Jun 2015 17:37:30 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 Received: from outmail148098.authsmtp.com (outmail148098.authsmtp.com [62.13.148.98]) by smtp1.linuxfoundation.org (Postfix) with ESMTP id 10F0E198 for ; Sat, 27 Jun 2015 17:37:29 +0000 (UTC) Received: from mail-c235.authsmtp.com (mail-c235.authsmtp.com [62.13.128.235]) by punt17.authsmtp.com (8.14.2/8.14.2/) with ESMTP id t5RHbShY078668; Sat, 27 Jun 2015 18:37:28 +0100 (BST) Received: from muck (cpe-74-66-142-58.nyc.res.rr.com [74.66.142.58]) (authenticated bits=128) by mail.authsmtp.com (8.14.2/8.14.2/) with ESMTP id t5RHbPcR047785 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES128-SHA bits=128 verify=NO); Sat, 27 Jun 2015 18:37:27 +0100 (BST) Date: Sat, 27 Jun 2015 13:37:24 -0400 From: Peter Todd To: Benjamin Message-ID: <20150627173724.GA30546@muck> References: <1EF70EBC-8BB8-4A93-8591-52B2B0335F6C@petertodd.org> <20150627172011.GB18729@muck> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="vtzGhvizbBRQ85DL" Content-Disposition: inline In-Reply-To: X-Server-Quench: 2e16903e-1cf3-11e5-b396-002590a15da7 X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZNQRgX IjsJECJaVQIpKltL GxAVKBZePFsRUQkR aQdMdAUUEkAaAgsB AmMbWlxeU1p7W2s7 bA5PawNDY05MQQBi T01BRU1TWkFtY2RT Zk18Uh11cA1DNn9w ZERiEHIOXUJzdUUo X08HQ24bZGY1bX1N U0leagNUcgZDfk5E bwQuUz1vNG8XDSg5 AwQ0PjZ0MThBHWx8 CjkXKkoVWksHVhU7 QggYGjAuBkBNWyJ7 MxwrYnQYG00Sen4z I1ZpfVMdMgN6 X-Authentic-SMTP: 61633532353630.1023:706 X-AuthFastPath: 0 (Was 255) X-AuthSMTP-Origin: 74.66.142.58/587 X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] A Proposed Compromise to the Block Size Limit X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 27 Jun 2015 17:37:30 -0000 --vtzGhvizbBRQ85DL Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable 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." >=20 > There is no supply and demand. That would mean users would be able to ada= pt > 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 --=20 'peter'[:-1]@petertodd.org 0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24 --vtzGhvizbBRQ85DL Content-Type: application/pgp-signature; name="signature.asc" Content-Description: Digital signature -----BEGIN PGP SIGNATURE----- iQGrBAEBCACVBQJVjt9SXhSAAAAAABUAQGJsb2NraGFzaEBiaXRjb2luLm9yZzAw MDAwMDAwMDAwMDAwMDAwMDdmYzEzY2UwMjA3MmQ5Y2IyYTZkNTFmYWU0MWZlZmNk ZTdiM2IyODM4MDNkMjQvFIAAAAAAFQARcGthLWFkZHJlc3NAZ251cGcub3JncGV0 ZUBwZXRlcnRvZC5vcmcACgkQwIXyHOf0udxv6gf/ZjW7DdQnB+922NkYFBUmoYEV AqNGe2RWHRByYLqht1WhY16H+hevNrlWkuAe0TbnQGpXS9XaTTY/myw4rmi73YGK j1VGhoGOhirjOhjrQGEmyO4yOCuQEkMSNS8C0NpNOjCbdB7hlJF+MqF7DQxI/zot oJ4Z+Pz8BnZWmvtWmZ7hwdkqhyDlcGhPSUXDw5Bx3R/YiLzBC2tCamexYQTRTqqq nX+WqLxHLMBk5KgmSjJaQOuYFMs2nDlN3vs3YLIcl2w9GI/8/85DILxtU6/80Afu GsUqGY4WGJO2SNDazzCKbEgBG8jJsDFqD+u/ydSdMcSnfoNI2hM1j06wZvDwjg== =NMII -----END PGP SIGNATURE----- --vtzGhvizbBRQ85DL--