Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 0725083D for ; Wed, 24 Jun 2015 06:14:24 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-ie0-f182.google.com (mail-ie0-f182.google.com [209.85.223.182]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id EF3DE121 for ; Wed, 24 Jun 2015 06:14:22 +0000 (UTC) Received: by iebmu5 with SMTP id mu5so26749301ieb.1 for ; Tue, 23 Jun 2015 23:14:22 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:date:message-id:subject:from:to :content-type; bh=bOit5axyA0q7HYVtUI6xYeFBcODBi7Kqo3YoHwDCb/0=; b=OU0iRwIST/b82GM9ovpmJ3MMNvSdnEQGHx9JMpU4R3nEdFsjUBaEYQUgh9dVL/3nnl a5ncHko3TjiSHhZMm6UtICOwHKuma1ZiiAuvpYPtsDZ3QoAqIvtl1rZ2XrXJSQHIbEvd cR1bOs8ilJSakH2rR1FwV4Ysi10qsXkjUvsPIqfHdtU90UQT3UwFJh/ZekTYC16n9Lq2 8LNfhVttI/7aVv7rB0B9UoTq0ZUsvVH7TCqvfsm6nHyQoULJlIB029oafwCKZ0NOanX6 UB6w541WyyamzsRE8daUjreszCKZMDBvOwlKbHlvopf/QDpo+gnJuZs7W+FsJwBx5et4 ovCw== MIME-Version: 1.0 X-Received: by 10.107.132.206 with SMTP id o75mr38253121ioi.52.1435126462425; Tue, 23 Jun 2015 23:14:22 -0700 (PDT) Received: by 10.36.107.140 with HTTP; Tue, 23 Jun 2015 23:14:22 -0700 (PDT) In-Reply-To: <20150623205042.GB18677@muck> References: <20150623192838.GG30235@muck> <20150623205042.GB18677@muck> Date: Wed, 24 Jun 2015 02:14:22 -0400 Message-ID: From: grarpamp To: bitcoin-dev@lists.linuxfoundation.org Content-Type: text/plain; charset=UTF-8 X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: Re: [bitcoin-dev] Draft BIP : fixed-schedule block size increase X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Wed, 24 Jun 2015 06:14:24 -0000 On Tue, Jun 23, 2015 at 4:50 PM, Peter Todd wrote: > In particular, note how this bump is being proposed at a time when > blockchain space demand is so low that transactions usually cost well > under a penny each Recent averages seem to be offering around $0.04... https://tradeblock.com/blog/bitcoin-network-capacity-analysis-part-2-macro-transaction-trends With various stress tests indicate needing 10x more... http://www.reddit.com/r/Bitcoin/search?restrict_sr=on&q=stress+test+fees > a insignificant amount of money for almost all > use-cases. Penny stocks? Voting? Notarizing? There's a whole ecosystem of non-purchase cases for which non-profit-mining fees are enabling.