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author | Melvin Carvalho <melvincarvalho@gmail.com> | 2017-12-21 22:30:20 +0100 |
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committer | bitcoindev <bitcoindev@gnusha.org> | 2017-12-21 21:30:22 +0000 |
commit | 9233397c3f4fa6dcf05f57a139c40791e35ed8c7 (patch) | |
tree | 94eeb0b55d8689742424957abd0b17f0e3e07834 | |
parent | 3951ab4be0424664e66499f658f5d78cd46e2467 (diff) | |
download | pi-bitcoindev-9233397c3f4fa6dcf05f57a139c40791e35ed8c7.tar.gz pi-bitcoindev-9233397c3f4fa6dcf05f57a139c40791e35ed8c7.zip |
[bitcoin-dev] Total fees have almost crossed the block reward
-rw-r--r-- | 40/58c32ae3087972d8b1860a12a3100d1eaaf0e4 | 121 |
1 files changed, 121 insertions, 0 deletions
diff --git a/40/58c32ae3087972d8b1860a12a3100d1eaaf0e4 b/40/58c32ae3087972d8b1860a12a3100d1eaaf0e4 new file mode 100644 index 000000000..9f246d576 --- /dev/null +++ b/40/58c32ae3087972d8b1860a12a3100d1eaaf0e4 @@ -0,0 +1,121 @@ +Return-Path: <melvincarvalho@gmail.com> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id 542E48E3 + for <bitcoin-dev@lists.linuxfoundation.org>; + Thu, 21 Dec 2017 21:30:22 +0000 (UTC) +X-Greylist: whitelisted by SQLgrey-1.7.6 +Received: from mail-io0-f195.google.com (mail-io0-f195.google.com + [209.85.223.195]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 6A69A4EB + for <bitcoin-dev@lists.linuxfoundation.org>; + Thu, 21 Dec 2017 21:30:21 +0000 (UTC) +Received: by mail-io0-f195.google.com with SMTP id f7so2083018ioh.1 + for <bitcoin-dev@lists.linuxfoundation.org>; + Thu, 21 Dec 2017 13:30:21 -0800 (PST) +DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; + h=mime-version:from:date:message-id:subject:to; + bh=1yHV+0ZYtZy1EFZPIZ8hNeW2cAQVUqB2/oqfSY5iC3s=; + b=HJYyXsDi5qBKRPxpv+f/cLXXL9cMYrI0K5OvZWJV9ux8U3Vgp4GG0qDdQGyZV7rY/Z + lWm+Tij3Xuw0heRosQeABX71YkXnRIrraWM3NTSwONEIoyOCYi2m00jxLUEWqAt+YMee + cB2tq0toC2GO5ZZJKHgNi++Y/U+0Z4B+p+0AAEb62SXIf2X1M0TCFoFJGLvwGN2oYV2s + AzdpE8+cquQUe/LU2XMvxm2UwhSufLcXwD8lm1QJTvQNAmmSGos3CByA0/CjhVslpgEz + ZL5COcZx1iq7ZvlAsG+hlXbZL20tlPhmr4n09qUqtBKOuX3PxOP0845RGq/zoZC+A/Q/ + P70A== +X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; + d=1e100.net; s=20161025; + h=x-gm-message-state:mime-version:from:date:message-id:subject:to; + bh=1yHV+0ZYtZy1EFZPIZ8hNeW2cAQVUqB2/oqfSY5iC3s=; + b=BoAb+p+6j/NlccilPiDUXjOWgsnoE7GCLkIF3zt7KCBNoHXCut8f4bVPWtmfbqxsQ5 + Km4x93iHANPtlyclmhOcj3nW72miWgtBs3P2MbQMzL2W/viJFRzXMNbh5p9Q/ZTMyoGa + 74w/LPpBTLKgM/08WJnzqeTLZbt0TDD7WTWYOrTXWvXGw8dyFqi4FiPhxj0e4cPVaWnP + fZnCDH3/zQP8AW64qmo/JNbeuvq1QWciRHnS4jVsIvpPS/x965ZJsAhjez6WUlIa5YaR + KjEB7nJMtrRA0fN/mDcynZ8VV7S5D+XyQWyfc0asLWqgsRyxKEpeKNzWB+l4U8Sc0qR5 + b0nQ== +X-Gm-Message-State: AKGB3mL+QV6uXmAi7K69Quahjx2/IB/fvvnbVoptq8jLjtMR4mX/dsg2 + Txd6bt6d9F2xHHpHi/ylc0ezeLWnL04hM96fvRkCeg== +X-Google-Smtp-Source: ACJfBouR7nWbBqT/KmbMiJwZk+nBf0ZnBKFvUS1UgSZKWu2D4mwrEv+ITjO4D5sxAGCvaIRtwnrH0KgY2LpBBxcgWOE= +X-Received: by 10.107.10.41 with SMTP id u41mr12198761ioi.252.1513891820591; + Thu, 21 Dec 2017 13:30:20 -0800 (PST) +MIME-Version: 1.0 +Received: by 10.107.205.78 with HTTP; Thu, 21 Dec 2017 13:30:20 -0800 (PST) +From: Melvin Carvalho <melvincarvalho@gmail.com> +Date: Thu, 21 Dec 2017 22:30:20 +0100 +Message-ID: <CAKaEYhJ0vC8wf9yYjovfoZLB-TTvEnVB2a3mkC-YDzmnLwtz1Q@mail.gmail.com> +To: bitcoin-dev@lists.linuxfoundation.org +Content-Type: multipart/alternative; boundary="001a113f97ca31f49b0560e06891" +X-Spam-Status: No, score=-0.6 required=5.0 tests=BAYES_05,DKIM_SIGNED, + DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, HTML_MESSAGE, + RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +X-Mailman-Approved-At: Thu, 21 Dec 2017 21:44:19 +0000 +Subject: [bitcoin-dev] Total fees have almost crossed the block reward +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Thu, 21 Dec 2017 21:30:22 -0000 + +--001a113f97ca31f49b0560e06891 +Content-Type: text/plain; charset="UTF-8" + +I asked adam back at hcpp how the block chain would be secured in the long +term, once the reward goes away. The base idea has always been that fees +would replace the block reward. + +At that time fees were approximately 10% of the block reward, but have now +reached 45%, with 50% potentially being crossed soon + +https://fork.lol/reward/feepct + +While this bodes well for the long term security of the coin, I think there +is some legitimate concern that the fee per tx is prohibitive for some use +cases, at this point in the adoption curve. + +Observations of segwit adoption show around 10% at this point + +http://segwit.party/charts/ + +Watching the mempool shows that the congestion is at a peak, though it's +quite possible this will come down over the long weekend. I wonder if this +is of concern to some. + +https://dedi.jochen-hoenicke.de/queue/more/#24h + +I thought these data points may be of interest and are mainly FYI. Though +if further discussion is deemed appropriate, it would be interesting to +hear thoughts. + +--001a113f97ca31f49b0560e06891 +Content-Type: text/html; charset="UTF-8" +Content-Transfer-Encoding: quoted-printable + +<div dir=3D"ltr"><div><div><div><div><div>I asked adam back at hcpp how the= + block chain would be secured in the long term, once the reward goes away.= +=C2=A0 The base idea has always been that fees would replace the block rewa= +rd.<br><br></div>At that time fees were approximately 10% of the block rewa= +rd, but have now reached 45%, with 50% potentially being crossed soon<br><b= +r><a href=3D"https://fork.lol/reward/feepct">https://fork.lol/reward/feepct= +</a><br><br></div>While this bodes well for the long term security of the c= +oin, I think there is some legitimate concern that the fee per tx is prohib= +itive for some use cases, at this point in the adoption curve.<br><br></div= +>Observations of segwit adoption show around 10% at this point<br><br><a hr= +ef=3D"http://segwit.party/charts/">http://segwit.party/charts/</a><br><br><= +/div>Watching the mempool shows that the congestion is at a peak, though it= +'s quite possible this will come down over the long weekend.=C2=A0 I wo= +nder if this is of concern to some.<br><br><a href=3D"https://dedi.jochen-h= +oenicke.de/queue/more/#24h">https://dedi.jochen-hoenicke.de/queue/more/#24h= +</a><br><br></div>I thought these data points may be of interest and are ma= +inly FYI.=C2=A0 Though if further discussion is deemed appropriate, it woul= +d be interesting to hear thoughts.<br></div> + +--001a113f97ca31f49b0560e06891-- + |