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From: Eric Lombrozo <elombrozo@gmail.com>
In-Reply-To: <DFA3CCE4-52F7-4D63-8982-2EB133AB6EAA@me.com>
Date: Thu, 23 Jul 2015 18:08:45 -0700
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To: Jean-Paul Kogelman <jeanpaulkogelman@me.com>
Cc: Jean-Paul Kogelman via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Bitcoin Core and hard forks
Precedence: list


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By using third parties separate from individual miners that do bidding =
on your behalf you get a mechanism that allows QoS guarantees and =
shifting the complexity and risk from the wallet with little =
computational resources to a service with abundance of them. Using =
timelocked contracts it=E2=80=99s possible to enforce the guarantees.

Negotiating directly with miners via smart contracts seems difficult at =
best.


> On Jul 23, 2015, at 6:03 PM, Jean-Paul Kogelman via bitcoin-dev =
<bitcoin-dev@lists.linuxfoundation.org> wrote:
>=20
> Doesn't matter.
>=20
> It's not going to be perfect given the block time variance among other =
factors but it's far more workable than guessing whether or not your =
transaction is going to end up in a block at all.
>=20
> jp
>=20
>=20
>> On Jul 24, 2015, at 8:53 AM, Peter Todd <pete@petertodd.org> wrote:
>>=20
>> -----BEGIN PGP SIGNED MESSAGE-----
>> Hash: SHA256
>>=20
>>=20
>>=20
>>> On 23 July 2015 20:49:20 GMT-04:00, Jean-Paul Kogelman via =
bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:
>>>=20
>>> And it's obvious how a size cap would interfere with such a QoS =
scheme.
>>> Miners wouldn't be able to deliver the below guarantees if they have =
to
>>> start excluding transactions.
>>=20
>> As mining is a random, poisson process, obviously giving guarantees =
without a majority of hashing power isn't possible.
>>=20
>>=20
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>>=20
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev


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