Received-SPF: pass (sog-mx-1.v43.ch3.sourceforge.com: domain of petertodd.org
	designates 62.13.148.154 as permitted sender)
	client-ip=62.13.148.154; envelope-from=pete@petertodd.org;
	helo=outmail148154.authsmtp.co.uk; 
Date: Tue, 25 Feb 2014 09:49:22 -0500
From: Peter Todd <pete@petertodd.org>
To: Mike Hearn <mike@plan99.net>
Message-ID: <20140225144922.GA25549@savin>
References: <20140225044116.GA28050@savin>
	<f35865264f37315d580a30dc49789a5a.squirrel@fulvetta.riseup.net>
	<CANEZrP1wB9zpnD+DOnmCNycEGB+nZMt8gQrjpn5V92MMkausaA@mail.gmail.com>
MIME-Version: 1.0
Content-Type: multipart/signed; micalg=pgp-sha256;
	protocol="application/pgp-signature"; boundary="dDRMvlgZJXvWKvBx"
Content-Disposition: inline
In-Reply-To: <CANEZrP1wB9zpnD+DOnmCNycEGB+nZMt8gQrjpn5V92MMkausaA@mail.gmail.com>
User-Agent: Mutt/1.5.21 (2010-09-15)
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Fee drop
Precedence: list


--dDRMvlgZJXvWKvBx
Content-Type: text/plain; charset=us-ascii
Content-Disposition: inline
Content-Transfer-Encoding: quoted-printable

On Tue, Feb 25, 2014 at 06:25:18PM +0530, Mike Hearn wrote:
> Given that the fee drop puts fees in "real" (i.e. dollar) terms back to
> where they were some months ago, it seems odd to claim this is creating
> vulnerabilities that didn't exist in the previous version. The cost of an
> attack would be the same as before.

No it's not. The cost is only incurred in the transactions actually get
mined, and unlike before the drop appears to be well under the
break-even orphan cost of transactions; we've got no reason to think the
clearance rate of these low-fee transactions will be significant.


But anyway, mostly I'm writing this to register my strong opposition
knowing full well that I don't expect it to change your minds.

--=20
'peter'[:-1]@petertodd.org
0000000000000000eb671d932a8d310e8ab963c53b2be8a27bd5de2a712c2f59

--dDRMvlgZJXvWKvBx
Content-Type: application/pgp-signature; name="signature.asc"
Content-Description: Digital signature

-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.14 (GNU/Linux)
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==
=aJh0
-----END PGP SIGNATURE-----

--dDRMvlgZJXvWKvBx--