1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
|
Return-Path: <prayank@tutanota.de>
Received: from smtp4.osuosl.org (smtp4.osuosl.org [140.211.166.137])
by lists.linuxfoundation.org (Postfix) with ESMTP id 5F41BC000B
for <bitcoin-dev@lists.linuxfoundation.org>;
Fri, 18 Feb 2022 00:54:51 +0000 (UTC)
Received: from localhost (localhost [127.0.0.1])
by smtp4.osuosl.org (Postfix) with ESMTP id 4E0B6402A2
for <bitcoin-dev@lists.linuxfoundation.org>;
Fri, 18 Feb 2022 00:54:51 +0000 (UTC)
X-Virus-Scanned: amavisd-new at osuosl.org
X-Spam-Flag: NO
X-Spam-Score: -0.2
X-Spam-Level:
X-Spam-Status: No, score=-0.2 tagged_above=-999 required=5
tests=[BAYES_40=-0.001, DKIM_SIGNED=0.1, DKIM_VALID=-0.1,
DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, HTML_MESSAGE=0.001,
RCVD_IN_MSPIKE_H3=0.001, RCVD_IN_MSPIKE_WL=0.001,
SPF_HELO_PASS=-0.001, SPF_PASS=-0.001]
autolearn=ham autolearn_force=no
Authentication-Results: smtp4.osuosl.org (amavisd-new);
dkim=pass (2048-bit key) header.d=tutanota.de
Received: from smtp4.osuosl.org ([127.0.0.1])
by localhost (smtp4.osuosl.org [127.0.0.1]) (amavisd-new, port 10024)
with ESMTP id 278rRWhxzr9t
for <bitcoin-dev@lists.linuxfoundation.org>;
Fri, 18 Feb 2022 00:54:50 +0000 (UTC)
X-Greylist: from auto-whitelisted by SQLgrey-1.8.0
Received: from w1.tutanota.de (w1.tutanota.de [81.3.6.162])
by smtp4.osuosl.org (Postfix) with ESMTPS id 2139740274
for <bitcoin-dev@lists.linuxfoundation.org>;
Fri, 18 Feb 2022 00:54:49 +0000 (UTC)
Received: from w3.tutanota.de (unknown [192.168.1.164])
by w1.tutanota.de (Postfix) with ESMTP id 2AC21FA0E97;
Fri, 18 Feb 2022 00:54:47 +0000 (UTC)
DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/relaxed; t=1645145687;
s=s1; d=tutanota.de;
h=From:From:To:To:Subject:Subject:Content-Description:Content-ID:Content-Type:Content-Type:Content-Transfer-Encoding:Cc:Cc:Date:Date:In-Reply-To:MIME-Version:MIME-Version:Message-ID:Message-ID:Reply-To:References:Sender;
bh=g2IyhjZscBKCXfc5aoPkl6QpqICdI6hgQmuMR3EfCFc=;
b=CEGngPA+JNDxdC/hjnBthuPOvDi8zFB6olymyEb/dQJROciXwbMNKD5H5/MPJbmX
tigwi9IjDfCODOo0MLvQr2inkImnGjtFJ4IkLhl8WtD9KadfRedZjgs24ey8qxICQYe
AdXeZ5bzi1O6SRvptMqMvrGy8/rxhaCvQbAmBYL3+yU6Spga6iykxkGfofsXLPtEjHl
Ecgl/qkVeNPifGxLD/N9lfHYJL8/8grQj6d6wNnG0TeJIkkydb+R0pGL5dWrmGvUbvt
SeaHfX7BtVtpbmtcu3d5R7hq6OlfxdFSZh5T9fxq9lB6OSvFaumTUkkyxl6j86VldIG
wNAuNwCkyA==
Date: Fri, 18 Feb 2022 01:54:47 +0100 (CET)
From: Prayank <prayank@tutanota.de>
To: aj@erisian.com.au
Message-ID: <Mw9Jjqo--3-2@tutanota.de>
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_Part_107525_1382399782.1645145687161"
X-Mailman-Approved-At: Fri, 18 Feb 2022 08:45:43 +0000
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Thoughts on fee bumping
X-BeenThere: bitcoin-dev@lists.linuxfoundation.org
X-Mailman-Version: 2.1.15
Precedence: list
List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org>
List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>,
<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe>
List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/>
List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org>
List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help>
List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>,
<mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe>
X-List-Received-Date: Fri, 18 Feb 2022 00:54:51 -0000
------=_Part_107525_1382399782.1645145687161
Content-Type: text/plain; charset=UTF-8
Content-Transfer-Encoding: 7bit
> I suspect the "economically rational" choice would be to happily trade off that immediate loss against even a small chance of a simpler policy encouraging higher adoption of bitcoin, _or_ a small chance of more on-chain activity due to higher adoption of bitcoin protocols like lightning and thus a lower chance of an empty mempool in future.
Is this another way of saying a few developers will decide RBF policy for miners and they should follow it because it is the only way bitcoin gets more adoption? On-chain activity is dependent on lot of things. I suspect any change in policy will change it any time soon and miners should have the freedom to decide things that aren't consensus rules.
Lightning network contributes to on-chain activity only with opening and closing of channels. Based on the chart I see in the below link for channels opened/closed per block, its contribution is less than 1% in fees:
https://txstats.com/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now
--
Prayank
A3B1 E430 2298 178F
------=_Part_107525_1382399782.1645145687161
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<html>
<head>
<meta http-equiv=3D"content-type" content=3D"text/html; charset=3DUTF-8=
">
</head>
<body>
<div>> I suspect the "economically rational" choice would be to happily =
trade off that immediate loss against even a small chance of a simpler poli=
cy encouraging higher adoption of bitcoin, _or_ a small chance of more on-c=
hain activity due to higher adoption of bitcoin protocols like lightning an=
d thus a lower chance of an empty mempool in future.<br></div><div dir=3D"a=
uto"><br></div><div dir=3D"auto">Is this another way of saying a few develo=
pers will decide RBF policy for miners and they should follow it because it=
is the only way bitcoin gets more adoption? On-chain activity is dependent=
on lot of things. I suspect any change in policy will change it any time s=
oon and miners should have the freedom to decide things that aren't consens=
us rules.<br></div><div dir=3D"auto"><br></div><div dir=3D"auto">Lightning =
network contributes to on-chain activity only with opening and closing of c=
hannels. Based on the chart I see in the below link for channels opened/clo=
sed per block, its contribution is less than 1% in fees:<br></div><div dir=
=3D"auto"><br></div><div dir=3D"auto">https://txstats.com/dashboard/db/ligh=
tning-network?orgId=3D1&from=3Dnow-6M&to=3Dnow<br></div><div><br></=
div><div>-- <br></div><div>Prayank<br></div><div><br></div><div dir=3D"auto=
">A3B1 E430 2298 178F<br></div> </body>
</html>
------=_Part_107525_1382399782.1645145687161--
|
