summaryrefslogtreecommitdiff
diff options
context:
space:
mode:
authorAlex Morcos <morcos@gmail.com>2017-09-29 12:50:20 +0000
committerbitcoindev <bitcoindev@gnusha.org>2017-09-29 12:50:32 +0000
commitc5015887608e115a04fef00ab2f0ddc88b75c3fa (patch)
tree9ca0ef7936941f8925422e671165d42872de396b
parent2d6252b9cf4870546f8ecf8303cefcd1a3d67805 (diff)
downloadpi-bitcoindev-c5015887608e115a04fef00ab2f0ddc88b75c3fa.tar.gz
pi-bitcoindev-c5015887608e115a04fef00ab2f0ddc88b75c3fa.zip
Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
Diffstat
-rw-r--r--81/a8cfe30d2a0a70f8903ec1d72b3bb153afbd55140
1 files changed, 140 insertions, 0 deletions
diff --git a/81/a8cfe30d2a0a70f8903ec1d72b3bb153afbd55 b/81/a8cfe30d2a0a70f8903ec1d72b3bb153afbd55
new file mode 100644
index 000000000..4a9779169
--- /dev/null
+++ b/81/a8cfe30d2a0a70f8903ec1d72b3bb153afbd55
@@ -0,0 +1,140 @@
+Return-Path: <morcos@gmail.com>
+Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org
+ [172.17.192.35])
+ by mail.linuxfoundation.org (Postfix) with ESMTPS id E82A340A
+ for <bitcoin-dev@lists.linuxfoundation.org>;
+ Fri, 29 Sep 2017 12:50:32 +0000 (UTC)
+X-Greylist: whitelisted by SQLgrey-1.7.6
+Received: from mail-it0-f41.google.com (mail-it0-f41.google.com
+ [209.85.214.41])
+ by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 73836433
+ for <bitcoin-dev@lists.linuxfoundation.org>;
+ Fri, 29 Sep 2017 12:50:31 +0000 (UTC)
+Received: by mail-it0-f41.google.com with SMTP id e134so1929144ite.3
+ for <bitcoin-dev@lists.linuxfoundation.org>;
+ Fri, 29 Sep 2017 05:50:31 -0700 (PDT)
+DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025;
+ h=mime-version:references:in-reply-to:from:date:message-id:subject:to;
+ bh=r+mBWK7utey7l0pMwjk157lZbsu2qHGdPJ90GDPvX+Y=;
+ b=LuhLP4vxFhcg9WqeNua6UXB6czyL3KZBsvsXnlxIHfrDTsHBX73Jc4KPCEvvUzQdbe
+ B9wtTVDpcDCeArariGK61/BVYdTi+uiJwIbIYEAQHar9nBkGT4LIQiWCoweyC26cDi/N
+ KajGpneJDaqzR/oOmSEv8DnPRIDZRGWmSP1q0BzV7+5FhdiC/iKCK5vEdzXej7A2k+lp
+ HdVuFZUCI05r/5Tiwc/kmx1JEZ2Q0EKue9BKfwJfciFFjA5BVRa4UQa4a3OyA62ZzNsq
+ ygbRV5n0I3h/uwbxoVi1fx5SXmfNgTe+2V2LyZtUdA+WLKZ2XESrz0xjs8g4T57N6IT/
+ r3tg==
+X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
+ d=1e100.net; s=20161025;
+ h=x-gm-message-state:mime-version:references:in-reply-to:from:date
+ :message-id:subject:to;
+ bh=r+mBWK7utey7l0pMwjk157lZbsu2qHGdPJ90GDPvX+Y=;
+ b=WZEB1P1DT1sq31vQnOxPXLUSxLyqFqAJIq5YpnQuaNyhLeljBfrXxcXdFo7n6kf8MD
+ l50gzSQ1txYTtvgYbzYwwubYO/p0ZQcvBG6AQMr5JAP41q5Q2x+BKrggsu1r/Oj/LjN7
+ RcVuFEO1nI53alR7bSgIdGtUVxnA/bMqIcI3ErPklxfDXzFcpqSNtfTbT+/7aN0ZZOoi
+ 90lv1WW/ORy5QDaDbTIRLS5Gk/xklx0epK1+Ebg2JjEPEyTcgpCte0SJyw6psRimcvqx
+ G8NzVk79T1YML41dyvYs2R8N38tu+Xva8SrMmh+Gcxow196u5bXhL/rbZF1/TXkxMN3Y
+ 1QTw==
+X-Gm-Message-State: AMCzsaWu/zO86c4n0f3yMosuoac5A2V4GbMMSYD66zWerWv+YV0yLh0T
+ pcXXc2csdNcNjp+yKe++SXjuuwicACYNGBHpmPdF5A==
+X-Google-Smtp-Source: AOwi7QDv0Nc+1y8KDsXU0qLIsJ8/TU4cbGv6ZgluXpg0qsXFUzGiwRJMcwxKKdRZ0/lDomii3UQfV6Ln1lXrgXV9Md0=
+X-Received: by 10.36.84.82 with SMTP id t79mr6837078ita.98.1506689430759; Fri,
+ 29 Sep 2017 05:50:30 -0700 (PDT)
+MIME-Version: 1.0
+References: <CAEgR2PGCZ=F85yjAbZgC6NtzhpdgBL3n4M2jowN12wJ7x-Ai1A@mail.gmail.com>
+ <CAEgR2PGrxDQE0k8WX4XXz9GN-RAL6JB51ST9Hdz=ba36gRCa6A@mail.gmail.com>
+ <CAEgR2PFjt=ihzRBhNXbHTAJz1R+3vz8o-zRZkDA3iBo39x9cTQ@mail.gmail.com>
+ <CAEgR2PFfSjJjkTYq+DAmTzmkHPxqhn6fUDoXTzrRebz+OoUgqw@mail.gmail.com>
+ <CAEgR2PG5ZueHKDXbsPDEjQG7xAYBa_JAtPZo9n1V2=STC1srpA@mail.gmail.com>
+ <CAEgR2PGPQ1e9SmoWOS3V+N9v+OWiM4g3nPN3d9urc+DfkWEJ7A@mail.gmail.com>
+ <CAEgR2PEKkHH6+Sh8cQGF83-s1tpwQZgd0fiuNz_xyWu0mUPfCA@mail.gmail.com>
+ <CAEgR2PEyWFO1RFohVEpcb-M7aM-8xjCFvDPeJPD4zF4yTCyZ0A@mail.gmail.com>
+ <CAEgR2PGrf+4pQRyNC_xKVEKXimKTWveGK9q6YJeZkG0_r=8tkg@mail.gmail.com>
+In-Reply-To: <CAEgR2PGrf+4pQRyNC_xKVEKXimKTWveGK9q6YJeZkG0_r=8tkg@mail.gmail.com>
+From: Alex Morcos <morcos@gmail.com>
+Date: Fri, 29 Sep 2017 12:50:20 +0000
+Message-ID: <CAPWm=eUCQo+1+2SWjpWG1kcidcLcugwTvVbug6WNmZBRVm_ebg@mail.gmail.com>
+To: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>,
+ Daniele Pinna <daniele.pinna@gmail.com>, Mark@friedenbach.org
+Content-Type: multipart/alternative; boundary="001a1135045e4eb473055a53784d"
+X-Spam-Status: No, score=0.4 required=5.0 tests=DKIM_SIGNED,DKIM_VALID,
+ DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_NONE,
+ RCVD_IN_SORBS_SPAM autolearn=disabled version=3.3.1
+X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on
+ smtp1.linux-foundation.org
+Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
+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: Fri, 29 Sep 2017 12:50:33 -0000
+
+--001a1135045e4eb473055a53784d
+Content-Type: text/plain; charset="UTF-8"
+
+I had the same concern, or a miner could fill the remainder of the block
+with their own high fee paying transactions if blocks were required to be
+full.
+
+On Fri, Sep 29, 2017 at 7:55 AM Daniele Pinna via bitcoin-dev <
+bitcoin-dev@lists.linuxfoundation.org> 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
+>
+
+--001a1135045e4eb473055a53784d
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+<div><div dir=3D"auto">I had the same concern, or a miner could fill the re=
+mainder of the block with their own high fee paying transactions if blocks =
+were required to be full.=C2=A0</div><br><div class=3D"gmail_quote"><div>On=
+ Fri, Sep 29, 2017 at 7:55 AM Daniele Pinna via bitcoin-dev &lt;<a href=3D"=
+mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfounda=
+tion.org</a>&gt; wrote:<br></div><blockquote class=3D"gmail_quote" style=3D=
+"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D=
+"auto">Maybe I&#39;m getting this wrong but wouldn&#39;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?<div dir=3D"auto"><br></di=
+v><div dir=3D"auto">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 litera=
+lly clog the network by paying 1btc every ten minutes.</div><div dir=3D"aut=
+o"><br></div><div dir=3D"auto">Am I missing something?</div></div><div dir=
+=3D"auto"><div dir=3D"auto"><br></div><div dir=3D"auto">Daniele=C2=A0</div>=
+</div>
+_______________________________________________<br>
+bitcoin-dev mailing list<br>
+<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">=
+bitcoin-dev@lists.linuxfoundation.org</a><br>
+<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
+rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
+man/listinfo/bitcoin-dev</a><br>
+</blockquote></div></div>
+
+--001a1135045e4eb473055a53784d--
+
generated by cgit v1.2.3 (git 2.39.1) at 2025-04-30 20:07:20 +0000