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From: Mike Hearn <mike@plan99.net>
To: Peter Todd <pete@petertodd.org>
Cc: bitcoin-development@lists.sourceforge.net,
	Andreas Schildbach <andreas@schildbach.de>
Subject: Re: [Bitcoin-development] Floating fees and SPV clients
Date: Sun, 1 Dec 2013 19:18:07 +0100	[thread overview]
Message-ID: <31CF9128-4BFA-48E6-9B68-9732E914E6D0@plan99.net> (raw)
In-Reply-To: <20131201181211.GA20533@tilt>

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> Bitcoin is and always will be limited in capacity - transactions may not
> confirm in a reasonable about of time because of high-demand and/or DoS
> attacks.

I agree in the general case, but I was talking about the mobile wallet case specifically (i.e. people who are sending money between themselves or making small purchases of physical things). I think Bitcoin should be able to scale to handle these sorts of ordinary every-day transactions. Where I’d expect to see transactions falling off the edge is in more specialised cases like very small single micropayments, or “optional” internal transactions like mixing/re/defragmentation of wallets that don’t correspond to an actual payment. Those sorts of transactions would I guess be the first to go when faced with a sudden capacity crunch, but they wouldn’t show up in a mobile wallet UI anyway.

> re: merchants paying tx fees, child-pays-for-parent is inefficient

I know the existing code is, but is that fundamentally the case or just how the code has been written? I haven’t looked at this issue much but I know you’ve worked on it, so I’m curious to learn about why it’s inefficient and whether there are any fixes possible.	

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  reply	other threads:[~2013-12-01 18:18 UTC|newest]

Thread overview: 46+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2013-12-01 11:51 [Bitcoin-development] Floating fees and SPV clients Mike Hearn
2013-12-01 12:15 ` Andreas Schildbach
2013-12-01 13:41   ` Mike Hearn
2013-12-01 16:50     ` Andreas Schildbach
2013-12-01 17:19       ` Mike Hearn
2013-12-01 17:40         ` Andreas Schildbach
2013-12-01 17:52           ` Mike Hearn
2013-12-01 18:12         ` Peter Todd
2013-12-01 18:18           ` Mike Hearn [this message]
2013-12-01 18:37             ` Peter Todd
2013-12-02 13:54         ` Patrick Mead
2013-12-02 14:33           ` Mike Hearn
2013-12-02 14:37             ` Jeff Garzik
2013-12-02 14:44               ` Mike Hearn
2013-12-02 14:47                 ` Jeff Garzik
2013-12-03  1:40                 ` Gavin Andresen
2013-12-03 10:06                   ` Mike Hearn
2013-12-03 10:36                     ` Drak
2013-12-03 10:45                       ` Mike Hearn
2013-12-03 11:04                         ` Drak
2013-12-03 11:07                     ` Gavin Andresen
2013-12-03 11:29                       ` Mike Hearn
2013-12-03 11:37                         ` Peter Todd
2013-12-03 11:41                         ` Gavin Andresen
2013-12-03 11:46                           ` Mike Hearn
2013-12-03 11:54                             ` Gavin Andresen
2013-12-03 12:05                             ` Drak
2013-12-03 11:57                         ` Taylor Gerring
2013-12-03 12:07                           ` Peter Todd
2013-12-03 13:20                             ` Jamie McNaught
2013-12-03 13:20                           ` Mike Hearn
2013-12-03 13:48                             ` Taylor Gerring
2013-12-03 13:54                               ` Mike Hearn
2013-12-03 14:42                             ` Quinn Harris
2013-12-04  1:45                       ` Jeremy Spilman
2013-12-04 10:40                         ` Mike Hearn
2013-12-04 10:57                           ` Peter Todd
2013-12-04 11:09                             ` Mike Hearn
2013-12-04 13:06                               ` Peter Todd
2013-12-04 13:48                                 ` Mike Hearn
2013-12-04 21:51                                   ` Peter Todd
2013-12-03 11:03                   ` Peter Todd
2013-12-03 11:09                     ` Drak
2013-12-03 11:33                       ` Peter Todd
2013-12-04  5:50                   ` kjj
2013-12-03 11:31 ` Peter Todd

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