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 2AD675AA for ; Sun, 24 Dec 2017 07:22:01 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 Received: from zinan.dashjr.org (zinan.dashjr.org [192.3.11.21]) by smtp1.linuxfoundation.org (Postfix) with ESMTP id 9A1FBE0 for ; Sun, 24 Dec 2017 07:22:00 +0000 (UTC) Received: from ishibashi.localnet (unknown [IPv6:2001:470:5:265::71]) (Authenticated sender: luke-jr) by zinan.dashjr.org (Postfix) with ESMTPSA id 1C6E738A0068; Sun, 24 Dec 2017 07:21:42 +0000 (UTC) X-Hashcash: 1:25:171224:willtech@live.com.au::Z3c=5k6u=JISrGLU:7D5j X-Hashcash: 1:25:171224:bitcoin-dev@lists.linuxfoundation.org::+jh3fqdyUMmZN=9G:SZLz From: Luke Dashjr To: Damian Williamson Date: Sun, 24 Dec 2017 07:21:24 +0000 User-Agent: KMail/1.13.7 (Linux/4.12.12-gentoo; KDE/4.14.37; x86_64; ; ) References: In-Reply-To: X-PGP-Key-Fingerprint: E463 A93F 5F31 17EE DE6C 7316 BD02 9424 21F4 889F X-PGP-Key-ID: BD02942421F4889F X-PGP-Keyserver: hkp://pgp.mit.edu MIME-Version: 1.0 Content-Type: Text/Plain; charset="iso-8859-15" Content-Transfer-Encoding: 7bit Message-Id: <201712240721.24971.luke@dashjr.org> X-Spam-Status: No, score=-4.2 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_MED, T_RP_MATCHES_RCVD 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] BIP 177: UTPFOTIB - Use Transaction Priority For Ordering Transactions In Blocks X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sun, 24 Dec 2017 07:22:01 -0000 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