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From: Jean-Paul Kogelman <jeanpaulkogelman@me.com>
In-reply-to: <CAF_2MyVAXg9788gatEQ-t4=8rJxXdkf9DA45uF5_gksDUM6b=A@mail.gmail.com>
Date: Wed, 29 Jul 2015 21:07:33 -0700
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To: Ryan Butler <rryananizer@gmail.com>
Cc: "bitcoin-dev@lists.linuxfoundation.org"
	<bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev]
 =?utf-8?q?R=C4=83spuns=3A_Personal_opinion_on_the_f?=
 =?utf-8?q?ee_market_from_a_worried_local_trader?=
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> On Jul 29, 2015, at 8:41 PM, Ryan Butler via bitcoin-dev <bitcoin-dev@list=
s.linuxfoundation.org> wrote:
>=20
> Does an unlimited blocksize imply the lack of a fee market?  Isn't every m=
iner able to set their minimum accepted fee or transaction acceptance algori=
thm?
>=20

Yes, miners can set this, and giving them more fine grained control over thi=
s (with sane defaults) will have a far bigger impact on establishing a prope=
r fee market than depending on capacity (that nobody has any control over).=20=


Allowing miners to set up some sort of tiered offering that delays transacti=
ons and maybe even have their tiers tie into the exchange rate to keep the c=
osts constant over time.

I'm sure something like this has probably already been discussed before and I=
'm curious what the objections are to such a thing?

jp=

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<html><head><meta http-equiv=3D"content-type" content=3D"text/html; charset=3D=
utf-8"></head><body dir=3D"auto"><div><br></div><div><br>On Jul 29, 2015, at=
 8:41 PM, Ryan Butler via bitcoin-dev &lt;<a href=3D"mailto:bitcoin-dev@list=
s.linuxfoundation.org">bitcoin-dev@lists.linuxfoundation.org</a>&gt; wrote:<=
br><br></div><blockquote type=3D"cite"><div><p dir=3D"ltr">Does an unlimited=
 blocksize imply the lack of a fee market?&nbsp; Isn't every miner able to s=
et their minimum accepted fee or transaction acceptance algorithm?</p></div>=
</blockquote><br><div>Yes, miners can set this, and giving them more fine gr=
ained control over this (with sane defaults) will have a far bigger impact o=
n establishing a proper fee market than depending on capacity (that nobody h=
as any control over).&nbsp;</div><div><br></div><div>Allowing miners to set u=
p some sort of tiered offering that delays transactions and maybe even have t=
heir tiers tie into the exchange rate to keep the costs constant over time.<=
/div><div><br></div><div>I'm sure something like this has probably already b=
een discussed before and I'm curious what the objections are to such a thing=
?</div><div><br></div><div>jp</div></body></html>=

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