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From: Luke Dashjr <luke@dashjr.org>
To: Damian Williamson <willtech@live.com.au>
Cc: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] BIP 177: UTPFOTIB - Use Transaction Priority For Ordering Transactions In Blocks
Date: Sun, 24 Dec 2017 07:21:24 +0000	[thread overview]
Message-ID: <201712240721.24971.luke@dashjr.org> (raw)
In-Reply-To: <PS2P216MB0179FE1CAF04AB860A5F36719D000@PS2P216MB0179.KORP216.PROD.OUTLOOK.COM>

BIP 177 is NOT assigned. Do not self-assign BIP numbers!

Please read BIP 2:

    https://github.com/bitcoin/bips/blob/master/bip-0002.mediawiki

Luke


On Sunday 24 December 2017 2:57:38 AM Damian Williamson via bitcoin-dev wrote:
> BIP 177: UTPFOTIB - Use Transaction Priority For Ordering Transactions In
> Blocks
> 
> 
> This BIP proposes to address the issue of transactional reliability in
> Bitcoin, where valid transactions may be stuck in the mempool for extended
> periods.
> 
> 
> There are two key issues to be resolved:
> 
> 
>   1.  The current transaction bandwidth limit.
>   2.  The current ad-hoc methods of including transactions in blocks
> resulting in variable and confusing confirmation times for valid
> transactions, including transactions with a valid fee that may never
> confirm.
> 
> 
> It is important with any change to protect the value of fees as these will
> eventually be the only payment that miners receive. Rather than an auction
> model for limited bandwidth, the proposal results in a stable fee for
> priority service auction model.
> 
> 
> I will post the full proposal up on to my blog in the coming days and,
> re-review incorporating feedback that I have received on and off thread.
> It would not be true to suggest that all feedback received has been
> entirely positive although, most of it has been constructive.
> 
> 
> The previous threads for this BIP are available here:
> 
> https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/subje
> ct.html
> 
> 
> Regards,
> 
> Damian Williamson


  reply	other threads:[~2017-12-24  7:22 UTC|newest]

Thread overview: 3+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2017-12-24  2:57 [bitcoin-dev] BIP 177: UTPFOTIB - Use Transaction Priority For Ordering Transactions In Blocks Damian Williamson
2017-12-24  7:21 ` Luke Dashjr [this message]
2017-12-24 22:20   ` Damian Williamson

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