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 9B628305 for ; Mon, 17 Aug 2015 14:49:09 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 Received: from outpost.bitwarp.com (outpost.bitwarp.com [144.76.39.233]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 6955B1EF for ; Mon, 17 Aug 2015 14:49:08 +0000 (UTC) Received: from 1x-193-157-199-88.uio.no (localhost [IPv6:::1]) by xr4.com (Postfix) with ESMTPS id 4C67A202159 for ; Mon, 17 Aug 2015 14:49:06 +0000 (UTC) Message-ID: <55D1F471.8060802@bitminter.com> Date: Mon, 17 Aug 2015 16:49:21 +0200 From: BitMinter operator User-Agent: Mozilla/5.0 (Macintosh; Intel Mac OS X 10.10; rv:31.0) Gecko/20100101 Thunderbird/31.7.0 MIME-Version: 1.0 To: bitcoin-dev@lists.linuxfoundation.org References: <1679272.aDpruqxXDP@coldstorage> <1963286.x5NhlJ5RfS@pluto> In-Reply-To: Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: 8bit X-Spam-Status: No, score=-1.9 required=5.0 tests=BAYES_00 autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: Re: [bitcoin-dev] Fees and the block-finding process 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: Mon, 17 Aug 2015 14:49:09 -0000 On 12.08.15 11.45, Jorge Timón via bitcoin-dev wrote: > 1) Potential indirect consequence of rising fees. > 2) Software problem independent of a concrete block size that needs to > be solved anyway, often specific to Bitcoin Core (ie other > implementations, say libbitcoin may not necessarily share these > problems). I don't think rising fees is the issue. Imagine that the government is worried because air lines are selling tickets cheaply and may run themselves out of business. So their solution is passing a new law that says only one commercial air plane is allowed to be in the air at any given time. This should help a ticket market to develop and prevent air lines from giving away almost free tickets. In this way the government can protect the air lines from themselves. I would not classify all issues that would come out of this as "potential indirect consequences of rising ticket prices." It would just make air travel unusable. That's the problem we may face in the short term. It would be unwise to go all-in on a solution that doesn't exist yet, which may or may not arrive in time, and may or may not do the job that is needed. We need to use the solution we already have so that we can get by in the short term. I don't think mining pools will immediately make blocks as big as possible if the hard limit is raised. Remember that mining pools had to be coaxed into increasing their block size. Mining pools were making small blocks to reduce the rate of orphaned blocks. Block propagation is faster today, but this issue still exists. You need a lot of transaction fees to make up for the danger of losing 25 BTC. Many pools don't even pay out transaction fee income to their miners. -- Regards, Geir H. Hansen, Bitminter mining pool