Return-Path: Received: from smtp2.osuosl.org (smtp2.osuosl.org [IPv6:2605:bc80:3010::133]) by lists.linuxfoundation.org (Postfix) with ESMTP id 5466AC000E; Mon, 9 Aug 2021 10:25:55 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp2.osuosl.org (Postfix) with ESMTP id 425E4401E7; Mon, 9 Aug 2021 10:25:55 +0000 (UTC) X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: 0.601 X-Spam-Level: X-Spam-Status: No, score=0.601 tagged_above=-999 required=5 tests=[BAYES_50=0.8, 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: smtp2.osuosl.org (amavisd-new); dkim=pass (2048-bit key) header.d=tutanota.de Received: from smtp2.osuosl.org ([127.0.0.1]) by localhost (smtp2.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id eDXOF5ZL_sZX; Mon, 9 Aug 2021 10:25:54 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.8.0 X-Greylist: from auto-whitelisted by SQLgrey-1.8.0 Received: from w1.tutanota.de (w1.tutanota.de [81.3.6.162]) by smtp2.osuosl.org (Postfix) with ESMTPS id A98184014B; Mon, 9 Aug 2021 10:25:53 +0000 (UTC) Received: from w3.tutanota.de (unknown [192.168.1.164]) by w1.tutanota.de (Postfix) with ESMTP id EA1AEFA00AF; Mon, 9 Aug 2021 10:25:50 +0000 (UTC) DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/relaxed; t=1628504750; 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=GV2c/8+AqpL64Y7o98gjjsR6Ms41Wf+mgNQ+MHQLI6I=; b=iXvZpoYpM0v6gXinMtYeN+1NO+e5YTsq8Lk1pcjnk2KsixbEsCv9QbMEMShW0Qg/ oh9/QrZGo/1G1Ax0bgnDfgH/KiMV+ET1996rGrTfnMXYcog/2F+fn/74dXPibrn8MaW ZbRoUf1NsAESRUVfDfcH1syCR/W06LSLEpzylXDfIHgDSxl/9PhFDcaoV5NQYt5olG2 /dRxlJfcKACYt7mm5I9ED+Tx717wDS2spg6Zb3/aFNfVI+Ahj3nVYyQN1S4tXrIohSd 7UUF6fS0XQBLlkgB+Y7r79yElmsxNCFiuGLixQXWecJy+Iz7c9cZijAa7xkljrRbXpp Dw/zI1S/Hw== Date: Mon, 9 Aug 2021 12:25:50 +0200 (CEST) From: Prayank To: lf-lists@mattcorallo.com Message-ID: MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_2352_1652414309.1628504750936" X-Mailman-Approved-At: Mon, 09 Aug 2021 11:54:39 +0000 Cc: Bitcoin Dev , lightning-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] Removing the Dust Limit X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 09 Aug 2021 10:25:55 -0000 ------=_Part_2352_1652414309.1628504750936 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable >=C2=A0As feerates have gone up over time, and as we expect them to go up f= urther, we should be considering drastically increasing the 3 sat/vByte bas= is to something more like 20 sat/vB. I have no opinion on changing or removing dust limit. However, fee rates ar= e not going up. Yes, we expect them to go up and miners revenue from fees a= s well. Although, fees/day (in terms of BTC) has been decreasing in each cy= cle. Fee rates have been ranging between 1 sat/vByte to 200-300 sat/vByte, = regularly reset to 1-5 sat/vByte and very low since long time now except wh= en hash rate went down. Fees per MB since 2016: https://i.imgur.com/XEkkf99.png=C2=A0 Highest in this cycle on April 19 2021: 2.5 BTC Highest in previous cycle on December 18 2017: 10 BTC It stays low all the time except few days in each cycle. --=20 Prayank =C2=A0 A3B1 E430 2298 178F ------=_Part_2352_1652414309.1628504750936 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
> As feerates ha= ve gone up over time, and as we expect them to go up further, we should be = considering drastically increasing the 3 sat/vByte basis to something more = like 20 sat/vB.

<= div dir=3D"auto">I have no op= inion on changing or removing dust limit. However, fee rates are not going = up. Yes, we expect them to go up and miners revenue from fees as well. Alth= ough, fees/day (in terms of BTC) has been decreasing in each cycle. Fee rat= es have been ranging between 1 sat/vByte to 200-300 sat/vByte, regularly re= set to 1-5 sat/vByte and very low since long time now except when hash rate= went down.

Fees per MB sinc= e 2016: ht= tps://i.imgur.com/XEkkf99.png 

Highest in this cycle on Apr= il 19 2021: 2.5 BTC
Highest in previous cycle on= December 18 2017: 10 BTC

It stays low all the time except few days = in each cycle.

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Prayank<= br>
 
A3B1 E430 2298 178F

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