Delivery-date: Sat, 28 Dec 2024 08:26:21 -0800
Sender: bitcoindev@googlegroups.com
Received-SPF: pass (google.com: domain of luke@dashjr.org designates 192.3.11.21 as permitted sender) client-ip=192.3.11.21;
Content-Type: multipart/alternative;
 boundary="------------toi8JlUML7eBYMFQp07bdCao"
Message-ID: <f1a0153b-3142-4e01-a68e-92c458762b89@dashjr.org>
Date: Sat, 28 Dec 2024 11:22:49 -0500
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
Subject: Re: [bitcoindev] Mandatory Inclusion of Old Transactions in Blocks
To: bitcoindev@googlegroups.com
References: <fa4a8cd3-778c-4793-8dd4-5662475b6601n@googlegroups.com>
Content-Language: en-US, en-GB
From: Luke Dashjr <luke@dashjr.org>
In-Reply-To: <fa4a8cd3-778c-4793-8dd4-5662475b6601n@googlegroups.com>
Precedence: list
Mailing-list: list bitcoindev@googlegroups.com; contact bitcoindev+owners@googlegroups.com

This is a multi-part message in MIME format.
--------------toi8JlUML7eBYMFQp07bdCao
Content-Type: text/plain; charset="UTF-8"; format=flowed
Content-Transfer-Encoding: quoted-printable

This is not technically sound, so ineligible to be a BIP. There is no=20
consensus on unconfirmed transactions. There is also no date associated=20
with transactions.

On 12/28/24 10:54 AM, developer wrote:
> Status: Draft
> Type: Standards Track
> Created: December 27, 2024
> Abstract
>
> This proposal mandates miners to include at least 0.1% of transactions=20
> in their blocks from the oldest transactions by date, even if they=20
> have low fees. This mechanism helps prevent mining centralization and=20
> censorship, encouraging miners not to exclude certain transactions.
> Motivation
>
> The increasing centralization of Bitcoin mining and potential=20
> regulations that may require miners to censor or exclude certain=20
> transactions pose a threat to the Bitcoin network. Mandating the=20
> inclusion of a small percentage of old transactions, even with low=20
> fees, ensures that no single miner can censor block contents without=20
> sacrificing their own rewards.
> Specification
>
> =C2=A0 =C2=A0 Mandatory Inclusion of Old even if with Low-Fee Transaction=
s
> =C2=A0 =C2=A0 =C2=A0 =C2=A0 Each miner is required to include at least 0.=
1% of the total=20
> transactions in a block from the oldest transactions in the mempool,=20
> even if their fees are below the current market average.
> =C2=A0 =C2=A0 =C2=A0 =C2=A0 These transactions must be added to blocks re=
gardless of their=20
> fees, prioritizing their age.
>
> =C2=A0 =C2=A0 Block Validation
> =C2=A0 =C2=A0 =C2=A0 =C2=A0 Bitcoin network nodes will validate blocks on=
ly if they=20
> contain the required percentage of old transactions.
> =C2=A0 =C2=A0 =C2=A0 =C2=A0 If a block fails to meet this criterion, it w=
ill be deemed=20
> invalid and rejected by the network.
>
> =C2=A0 =C2=A0 Incentives
> =C2=A0 =C2=A0 =C2=A0 =C2=A0 Miners are incentivized to include these tran=
sactions to=20
> ensure their blocks are valid and to avoid losing block rewards.
>
> Advantages
>
> =C2=A0 =C2=A0 Censorship Resistance: Miners cannot censor transactions wi=
thout=20
> forfeiting their rewards.
> =C2=A0 =C2=A0 Greater Inclusivity: Old and low-fee transactions are assur=
ed of=20
> being confirmed.
> =C2=A0 =C2=A0 Decentralization Prevention: Reducing the potential for=20
> centralized censorship keeps the Bitcoin network decentralized.
>
> Considerations
>
> =C2=A0 =C2=A0 Impact on the Mempool: The mempool may become more dynamic =
and=20
> up-to-date with fewer old, stagnant transactions.
> =C2=A0 =C2=A0 Resource Management: Miners will need to adjust their syste=
ms to=20
> automatically identify and include relevant transactions.
>
> Conclusion
>
> Implementing this BIP will help maintain the integrity and=20
> decentralization of the Bitcoin network, preventing censorship and=20
> ensuring all transactions have a fair chance of confirmation. --
> You received this message because you are subscribed to the Google=20
> Groups "Bitcoin Development Mailing List" group.
> To unsubscribe from this group and stop receiving emails from it, send=20
> an email to bitcoindev+unsubscribe@googlegroups.com.
> To view this discussion visit=20
> https://groups.google.com/d/msgid/bitcoindev/fa4a8cd3-778c-4793-8dd4-5662=
475b6601n%40googlegroups.com=20
> <https://groups.google.com/d/msgid/bitcoindev/fa4a8cd3-778c-4793-8dd4-566=
2475b6601n%40googlegroups.com?utm_medium=3Demail&utm_source=3Dfooter>.

--=20
You received this message because you are subscribed to the Google Groups "=
Bitcoin Development Mailing List" group.
To unsubscribe from this group and stop receiving emails from it, send an e=
mail to bitcoindev+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/=
f1a0153b-3142-4e01-a68e-92c458762b89%40dashjr.org.

--------------toi8JlUML7eBYMFQp07bdCao
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE html>
<html>
  <head>
    <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3DUTF-8=
">
  </head>
  <body>
    <p>This is not technically sound, so ineligible to be a BIP. There
      is no consensus on unconfirmed transactions. There is also no date
      associated with transactions.<br>
    </p>
    <div class=3D"moz-cite-prefix">On 12/28/24 10:54 AM, developer wrote:<b=
r>
    </div>
    <blockquote type=3D"cite"
      cite=3D"mid:fa4a8cd3-778c-4793-8dd4-5662475b6601n@googlegroups.com">S=
tatus:
      Draft<br>
      Type: Standards Track<br>
      Created: December 27, 2024<br>
      Abstract<br>
      <br>
      This proposal mandates miners to include at least 0.1% of
      transactions in their blocks from the oldest transactions by date,
      even if they have low fees. This mechanism helps prevent mining
      centralization and censorship, encouraging miners not to exclude
      certain transactions.<br>
      Motivation<br>
      <br>
      The increasing centralization of Bitcoin mining and potential
      regulations that may require miners to censor or exclude certain
      transactions pose a threat to the Bitcoin network. Mandating the
      inclusion of a small percentage of old transactions, even with low
      fees, ensures that no single miner can censor block contents
      without sacrificing their own rewards.<br>
      Specification<br>
      <br>
      =C2=A0 =C2=A0 Mandatory Inclusion of Old even if with Low-Fee Transac=
tions<br>
      =C2=A0 =C2=A0 =C2=A0 =C2=A0 Each miner is required to include at leas=
t 0.1% of the
      total transactions in a block from the oldest transactions in the
      mempool, even if their fees are below the current market average.<br>
      =C2=A0 =C2=A0 =C2=A0 =C2=A0 These transactions must be added to block=
s regardless of
      their fees, prioritizing their age.<br>
      <br>
      =C2=A0 =C2=A0 Block Validation<br>
      =C2=A0 =C2=A0 =C2=A0 =C2=A0 Bitcoin network nodes will validate block=
s only if they
      contain the required percentage of old transactions.<br>
      =C2=A0 =C2=A0 =C2=A0 =C2=A0 If a block fails to meet this criterion, =
it will be deemed
      invalid and rejected by the network.<br>
      <br>
      =C2=A0 =C2=A0 Incentives<br>
      =C2=A0 =C2=A0 =C2=A0 =C2=A0 Miners are incentivized to include these =
transactions to
      ensure their blocks are valid and to avoid losing block rewards.<br>
      <br>
      Advantages<br>
      <br>
      =C2=A0 =C2=A0 Censorship Resistance: Miners cannot censor transaction=
s
      without forfeiting their rewards.<br>
      =C2=A0 =C2=A0 Greater Inclusivity: Old and low-fee transactions are a=
ssured
      of being confirmed.<br>
      =C2=A0 =C2=A0 Decentralization Prevention: Reducing the potential for
      centralized censorship keeps the Bitcoin network decentralized.<br>
      <br>
      Considerations<br>
      <br>
      =C2=A0 =C2=A0 Impact on the Mempool: The mempool may become more dyna=
mic and
      up-to-date with fewer old, stagnant transactions.<br>
      =C2=A0 =C2=A0 Resource Management: Miners will need to adjust their s=
ystems
      to automatically identify and include relevant transactions.<br>
      <br>
      Conclusion<br>
      <br>
      Implementing this BIP will help maintain the integrity and
      decentralization of the Bitcoin network, preventing censorship and
      ensuring all transactions have a fair chance of confirmation.
      -- <br>
      You received this message because you are subscribed to the Google
      Groups "Bitcoin Development Mailing List" group.<br>
      To unsubscribe from this group and stop receiving emails from it,
      send an email to <a
        href=3D"mailto:bitcoindev+unsubscribe@googlegroups.com"
        moz-do-not-send=3D"true" class=3D"moz-txt-link-freetext">bitcoindev=
+unsubscribe@googlegroups.com</a>.<br>
      To view this discussion visit <a
href=3D"https://groups.google.com/d/msgid/bitcoindev/fa4a8cd3-778c-4793-8dd=
4-5662475b6601n%40googlegroups.com?utm_medium=3Demail&amp;utm_source=3Dfoot=
er"
        moz-do-not-send=3D"true">https://groups.google.com/d/msgid/bitcoind=
ev/fa4a8cd3-778c-4793-8dd4-5662475b6601n%40googlegroups.com</a>.<br>
    </blockquote>
  </body>
</html>

<p></p>

-- <br />
You received this message because you are subscribed to the Google Groups &=
quot;Bitcoin Development Mailing List&quot; group.<br />
To unsubscribe from this group and stop receiving emails from it, send an e=
mail to <a href=3D"mailto:bitcoindev+unsubscribe@googlegroups.com">bitcoind=
ev+unsubscribe@googlegroups.com</a>.<br />
To view this discussion visit <a href=3D"https://groups.google.com/d/msgid/=
bitcoindev/f1a0153b-3142-4e01-a68e-92c458762b89%40dashjr.org?utm_medium=3De=
mail&utm_source=3Dfooter">https://groups.google.com/d/msgid/bitcoindev/f1a0=
153b-3142-4e01-a68e-92c458762b89%40dashjr.org</a>.<br />

--------------toi8JlUML7eBYMFQp07bdCao--