From: Natanael <natanael.l@gmail.com>
To: simondev1 <random@gmx.ch>,
Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size
Date: Sun, 7 Apr 2019 20:52:30 +0200 [thread overview]
Message-ID: <CAAt2M1-0GD0hHVhZc+3bfefCMEOH-a2PoU-ULi8iWnLQUds6ng@mail.gmail.com> (raw)
In-Reply-To: <trinity-9a1b0170-a250-4c06-a8e1-0f281499c4da-1554627046019@3c-app-gmx-bs53>
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Related ideas previously submitted by me;
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-March/013885.html
Title: Block size adjustment idea - expedience fees + difficulty scaling
proportional to block size (+ fee pool)
Den sön 7 apr. 2019 17:45simondev1 via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> skrev:
> Dear bitcoin developers,
>
> New BIP: https://github.com/bitcoin/bips/pull/774
>
> ==Abstract==
> Logarithm of transaction fee limits block size.
>
> ==Motivation==
> Keep block space small.
> Waste less with spam transactions.
> Auto balance Fees: Increase very low fees, Descrease very high fees.
> Allow larger size when sender pays a lot.
> Allow wallets to calculate/display how much average free block space there
> is for each fee price.
> Allow senders to have more control about how the fee/priority of their
> transaction will behave, especially in the case of increased adoption in
> the future.
>
> ==Specification==
> Every transaction has to fit into the following block space:
> Input variable 'FeeInSatoshiPerByte': Must be positive or 0
> type: double
> unit: Satishi per byte
> Output:
> type: uint
> unit: bytes
> Formula:
> floor( log10( 1.1 + FeeInSatoshiPerByte ) * 1024 * 1024 )
>
> ==Implementation==
> Sort transactions by FeeInSatoshiPerByte (lowest first)
> For each transaction starting from lowest FeeInSatoshiPerByte: Sum up the
> bytes of space used so far. Check if summed up bytes of space used so far
> is smaller or equal than the formula result.
> If this is valid for each transaction then the blocksize is valid.
>
> ==Backward compatibility==
> Soft fork: If applied AND old hardcoded block size limit is kept.
> Hard fork: If applied AND old hardcoded block size limit is removed.
>
> Regards, simondev1
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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next prev parent reply other threads:[~2019-04-07 18:52 UTC|newest]
Thread overview: 7+ messages / expand[flat|nested] mbox.gz Atom feed top
2019-04-07 8:50 [bitcoin-dev] new BIP: Self balancing between excessively low/high fees and block size simondev1
2019-04-07 18:52 ` Natanael [this message]
2019-04-07 22:11 ` Bernd Jendrissek
2019-04-12 15:45 ` simondev1
2019-04-08 0:55 ` ZmnSCPxj
2019-04-12 15:49 ` simondev1
2019-04-09 0:13 ` Omar Shibli
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