From: "Jorge Timón" <jtimon@jtimon.cc>
To: Mark <mark@friedenbach.org>,
Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Cc: Daniele Pinna <daniele.pinna@gmail.com>
Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
Date: Sat, 30 Sep 2017 05:55:58 +0200 [thread overview]
Message-ID: <CABm2gDqmOXGZ_qxyNjFYg8qTRu4Tmo7V+zYZCt0j5RekUNVkWw@mail.gmail.com> (raw)
In-Reply-To: <CABm2gDqXXvNCZ7EyKuwudB5J0YDX7hNnXHPZNxTO0_JsM+yNHg@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 1945 bytes --]
Gmaxwell I think what's new is that in this case, with a single tx you
would take out all txs with fee below 1 btc. With current rules, you would
only remove enoguh txs for that one to fit, not empty the whole block and
mine only a block with that single tx.
On 30 Sep 2017 5:53 am, "Jorge Timón" <jtimon@jtimon.cc> wrote:
> I really don't see how this "outlier behaviour" can be prevented. I think
> it would be the norm even with your proposed "fix". Perhaps I'm missing
> something too.
>
> On 29 Sep 2017 5:24 pm, "Mark Friedenbach via bitcoin-dev" <
> bitcoin-dev@lists.linuxfoundation.org> wrote:
>
>> This is correct. Under assumptions of a continuous mempool model however
>> this should be considered the outlier behavior, other than a little bit of
>> empty space at the end, now and then. A maximum fee rate calculated as a
>> filter over past block rates could constrain this outlier behavior from
>> ever happening too.
>>
>> > On Sep 29, 2017, at 3:43 AM, Daniele Pinna <daniele.pinna@gmail.com>
>> wrote:
>> >
>> > Maybe I'm getting this wrong but wouldn't this scheme imply that a
>> miner is incentivized to limit the amount of transactions in a block to
>> capture the maximum fee of the ones included?
>> >
>> > As an example, mined blocks currently carry ~0.8 btc in fees right now.
>> If I were to submit a transaction paying 1 btc in maximal money fees, then
>> the miner would be incentivized to include my transaction alone to avoid
>> that lower fee paying transactions reduce the amount of fees he can earn
>> from my transaction alone. This would mean that I could literally clog the
>> network by paying 1btc every ten minutes.
>> >
>> > Am I missing something?
>> >
>> > Daniele
>> _______________________________________________
>> bitcoin-dev mailing list
>> bitcoin-dev@lists.linuxfoundation.org
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>
>
[-- Attachment #2: Type: text/html, Size: 2778 bytes --]
next prev parent reply other threads:[~2017-09-30 3:56 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
[not found] <CAEgR2PGCZ=F85yjAbZgC6NtzhpdgBL3n4M2jowN12wJ7x-Ai1A@mail.gmail.com>
[not found] ` <CAEgR2PGrxDQE0k8WX4XXz9GN-RAL6JB51ST9Hdz=ba36gRCa6A@mail.gmail.com>
[not found] ` <CAEgR2PFjt=ihzRBhNXbHTAJz1R+3vz8o-zRZkDA3iBo39x9cTQ@mail.gmail.com>
[not found] ` <CAEgR2PFfSjJjkTYq+DAmTzmkHPxqhn6fUDoXTzrRebz+OoUgqw@mail.gmail.com>
[not found] ` <CAEgR2PG5ZueHKDXbsPDEjQG7xAYBa_JAtPZo9n1V2=STC1srpA@mail.gmail.com>
[not found] ` <CAEgR2PGPQ1e9SmoWOS3V+N9v+OWiM4g3nPN3d9urc+DfkWEJ7A@mail.gmail.com>
[not found] ` <CAEgR2PEKkHH6+Sh8cQGF83-s1tpwQZgd0fiuNz_xyWu0mUPfCA@mail.gmail.com>
[not found] ` <CAEgR2PEyWFO1RFohVEpcb-M7aM-8xjCFvDPeJPD4zF4yTCyZ0A@mail.gmail.com>
2017-09-29 10:43 ` [bitcoin-dev] Rebatable fees & incentive-safe fee markets Daniele Pinna
2017-09-29 12:50 ` Alex Morcos
2017-09-29 15:22 ` Mark Friedenbach
2017-09-30 3:53 ` Jorge Timón
2017-09-30 3:55 ` Jorge Timón [this message]
2017-09-30 8:54 ` Gregory Maxwell
2017-09-30 0:47 ` Gregory Maxwell
2017-09-29 1:06 Mark Friedenbach
2017-09-29 1:53 ` Matt Corallo
2017-09-29 2:09 ` Nathan Wilcox
2017-09-29 2:10 ` Peter Todd
2017-09-29 2:17 ` Nathan Wilcox
2017-09-29 3:30 ` Mark Friedenbach
2017-09-29 2:02 ` Peter Todd
2017-09-29 2:45 ` Mark Friedenbach
2017-09-29 3:02 ` Peter Todd
2017-09-29 4:45 ` Anthony Towns
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=CABm2gDqmOXGZ_qxyNjFYg8qTRu4Tmo7V+zYZCt0j5RekUNVkWw@mail.gmail.com \
--to=jtimon@jtimon.cc \
--cc=bitcoin-dev@lists.linuxfoundation.org \
--cc=daniele.pinna@gmail.com \
--cc=mark@friedenbach.org \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
* If your mail client supports setting the In-Reply-To header
via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox