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From: Natanael <natanael.l@gmail.com>
Date: Sun, 7 Apr 2019 20:52:30 +0200
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To: simondev1 <random@gmx.ch>,
Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] new BIP: Self balancing between excessively
low/high fees and block size
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Related ideas previously submitted by me;
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-March/013885.h=
tml
Title: Block size adjustment idea - expedience fees + difficulty scaling
proportional to block size (+ fee pool)
Den s=C3=B6n 7 apr. 2019 17:45simondev1 via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> skrev:
> Dear bitcoin developers,
>
> New BIP: https://github.com/bitcoin/bips/pull/774
>
> =3D=3DAbstract=3D=3D
> Logarithm of transaction fee limits block size.
>
> =3D=3DMotivation=3D=3D
> Keep block space small.
> Waste less with spam transactions.
> Auto balance Fees: Increase very low fees, Descrease very high fees.
> Allow larger size when sender pays a lot.
> Allow wallets to calculate/display how much average free block space ther=
e
> is for each fee price.
> Allow senders to have more control about how the fee/priority of their
> transaction will behave, especially in the case of increased adoption in
> the future.
>
> =3D=3DSpecification=3D=3D
> Every transaction has to fit into the following block space:
> Input variable 'FeeInSatoshiPerByte': Must be positive or 0
> type: double
> unit: Satishi per byte
> Output:
> type: uint
> unit: bytes
> Formula:
> floor( log10( 1.1 + FeeInSatoshiPerByte ) * 1024 * 1024 )
>
> =3D=3DImplementation=3D=3D
> Sort transactions by FeeInSatoshiPerByte (lowest first)
> For each transaction starting from lowest FeeInSatoshiPerByte: Sum up the
> bytes of space used so far. Check if summed up bytes of space used so far
> is smaller or equal than the formula result.
> If this is valid for each transaction then the blocksize is valid.
>
> =3D=3DBackward compatibility=3D=3D
> Soft fork: If applied AND old hardcoded block size limit is kept.
> Hard fork: If applied AND old hardcoded block size limit is removed.
>
> Regards, simondev1
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
--000000000000d8c62c0585f539b3
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto">Related ideas previously submitted by me;<div dir=3D"auto=
"><br></div><div dir=3D"auto"><a href=3D"https://lists.linuxfoundation.org/=
pipermail/bitcoin-dev/2017-March/013885.html">https://lists.linuxfoundation=
.org/pipermail/bitcoin-dev/2017-March/013885.html</a><br></div><div dir=3D"=
auto"><br></div><div dir=3D"auto">Title: Block size adjustment idea - exped=
ience fees + difficulty scaling proportional to block size (+ fee pool)=C2=
=A0</div></div><br><div class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gma=
il_attr">Den s=C3=B6n 7 apr. 2019 17:45simondev1 via bitcoin-dev <<a hre=
f=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxf=
oundation.org</a>> skrev:<br></div><blockquote class=3D"gmail_quote" sty=
le=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><=
div style=3D"font-family:Verdana;font-size:12.0px"><div style=3D"font-famil=
y:Verdana;font-size:12.0px">
<div class=3D"m_-6600586232254968028signature">
<div class=3D"m_-6600586232254968028signature">
<div>Dear bitcoin developers,</div>
<div>=C2=A0</div>
<div>New BIP: <a href=3D"https://github.com/bitcoin/bips/pull/774" target=
=3D"_blank" rel=3D"noreferrer">https://github.com/bitcoin/bips/pull/774</a>=
</div>
<div>=C2=A0</div>
<div>=3D=3DAbstract=3D=3D</div>
<div>Logarithm of transaction fee limits block size.</div>
<div>=C2=A0</div>
<div>=3D=3DMotivation=3D=3D</div>
<div>Keep block space small.<br>
Waste less with spam transactions.<br>
Auto balance Fees: Increase very low fees, Descrease very high fees.<br>
Allow larger size when sender pays a lot.<br>
Allow wallets to calculate/display how much average free block space there =
is for each fee price.<br>
Allow senders to have more control about how the fee/priority of their tran=
saction will behave, especially in the case of increased adoption in the fu=
ture.</div>
<div>=C2=A0</div>
<div>=3D=3DSpecification=3D=3D</div>
<div>Every transaction has to fit into the following block space:</div>
<div>Input variable 'FeeInSatoshiPerByte': Must be positive or 0<br=
>
type: double<br>
unit: Satishi per byte<br>
Output:<br>
type: uint<br>
unit: bytes<br>
Formula:<br>
floor( log10( 1.1 + FeeInSatoshiPerByte ) * 1024 * 1024 )</div>
<div>=C2=A0</div>
<div>=3D=3DImplementation=3D=3D</div>
<div>Sort transactions by FeeInSatoshiPerByte (lowest first)<br>
For each transaction starting from lowest FeeInSatoshiPerByte: Sum up the b=
ytes of space used so far. Check if summed up bytes of space used so far is=
smaller or equal than the formula result.<br>
If this is valid for each transaction then the blocksize is valid.</div>
<div>=C2=A0</div>
<div>=3D=3DBackward compatibility=3D=3D</div>
<div>Soft fork: If applied AND old hardcoded block size limit is kept.</div=
>
<div>Hard fork: If applied AND old hardcoded block size limit is removed.</=
div>
<div><br>
Regards, simondev1</div>
<div>=C2=A0</div>
</div>
</div>
</div></div></div>
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rel=3D"noreferrer">bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer noreferrer" target=3D"_blank">https://lists.linuxfoundati=
on.org/mailman/listinfo/bitcoin-dev</a><br>
</blockquote></div>
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