Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191] helo=mx.sourceforge.net) by sfs-ml-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1XavkR-0004yV-Lm for bitcoin-development@lists.sourceforge.net; Mon, 06 Oct 2014 00:01:55 +0000 Received-SPF: pass (sog-mx-1.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.213.169 as permitted sender) client-ip=209.85.213.169; envelope-from=gmaxwell@gmail.com; helo=mail-ig0-f169.google.com; Received: from mail-ig0-f169.google.com ([209.85.213.169]) by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1XavkO-0006OQ-92 for bitcoin-development@lists.sourceforge.net; Mon, 06 Oct 2014 00:01:55 +0000 Received: by mail-ig0-f169.google.com with SMTP id uq10so4315503igb.4 for ; Sun, 05 Oct 2014 17:01:47 -0700 (PDT) MIME-Version: 1.0 X-Received: by 10.51.17.66 with SMTP id gc2mr16971727igd.40.1412553706940; Sun, 05 Oct 2014 17:01:46 -0700 (PDT) Received: by 10.107.168.5 with HTTP; Sun, 5 Oct 2014 17:01:46 -0700 (PDT) In-Reply-To: References: <5431CD8D.7050508@certimix.com> Date: Sun, 5 Oct 2014 17:01:46 -0700 Message-ID: From: Gregory Maxwell To: =?UTF-8?B?Sm9yZ2UgVGltw7Nu?= Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable X-Spam-Score: -1.6 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (gmaxwell[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1XavkO-0006OQ-92 Cc: Bitcoin Development Subject: Re: [Bitcoin-development] The Bitcoin Freeze on Transaction Attack (FRONT) X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 06 Oct 2014 00:01:55 -0000 On Sun, Oct 5, 2014 at 4:54 PM, Jorge Tim=C3=B3n wr= ote: > In any case, it is interesting to think about this things since mining > subsidies will eventually disappear and then transaction fees will > ALWAYS be higher than subsidies. You can imagine that instead of subsidy Bitcoin came with a initial set of nlocktimed transactions that pay fees, one block at a time, for each block from the start until the subsidy goes away. Perhaps that mental model might make it clear why some people think that the nlocked transactions and the block size being lower than the instant offered demand (there is always a backlog) are both things which address the concern of this thread. :)