Return-Path: Received: from smtp4.osuosl.org (smtp4.osuosl.org [IPv6:2605:bc80:3010::137]) by lists.linuxfoundation.org (Postfix) with ESMTP id D0E17C002D for ; Tue, 26 Jul 2022 19:15:10 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp4.osuosl.org (Postfix) with ESMTP id A9EAF402F9 for ; Tue, 26 Jul 2022 19:15:10 +0000 (UTC) DKIM-Filter: OpenDKIM Filter v2.11.0 smtp4.osuosl.org A9EAF402F9 Authentication-Results: smtp4.osuosl.org; dkim=pass (2048-bit key) header.d=protonmail.com header.i=@protonmail.com header.a=rsa-sha256 header.s=protonmail3 header.b=gehiPD7g X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -2.101 X-Spam-Level: X-Spam-Status: No, score=-2.101 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_FROM=0.001, SPF_HELO_PASS=-0.001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no 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 S3A6JmqPbeKK for ; Tue, 26 Jul 2022 19:15:09 +0000 (UTC) X-Greylist: domain auto-whitelisted by SQLgrey-1.8.0 DKIM-Filter: OpenDKIM Filter v2.11.0 smtp4.osuosl.org 6B9B6402F8 Received: from mail-4325.protonmail.ch (mail-4325.protonmail.ch [185.70.43.25]) by smtp4.osuosl.org (Postfix) with ESMTPS id 6B9B6402F8 for ; Tue, 26 Jul 2022 19:15:09 +0000 (UTC) Date: Tue, 26 Jul 2022 19:14:58 +0000 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=protonmail.com; s=protonmail3; t=1658862907; x=1659122107; bh=rv6W6QvnAWDGXiv1+bHBhT8emsRwDxrWaR2lJcUwJYk=; h=Date:To:From:Cc:Reply-To:Subject:Message-ID:In-Reply-To: References:Feedback-ID:From:To:Cc:Date:Subject:Reply-To: Feedback-ID:Message-ID; b=gehiPD7gWItf/4n+hD26wOOwTmNH8wTmEs/ra+XrTQSJ353hmSNbVxcfpB7Dz7unH KVFRWwWjQqVeVXulGz+G+/V0osig1IRNiii22Kni25/0KhYKJMrxkV94jZmOG6a1/N 5YcVG48ottltdi2W3VEZsVCN6hJWWQe7AaBxf82RZ99Hxy8b0FBX7rtQWdUkP9/Mo4 5KuTz7Sb9f2AGyCGf2TuHePsbPJBq0FOVG5oceZlmsjSBafDCaJfvmo6JT+yJ2gS59 X0vNN2wsIS5/cAS4GH2OZO8mNtke0ZZfCRurqX+LuhiBMcEhGmMcwzT0YhmaF+eXEh lVagvCvsVwPTQ== To: Peter Todd From: alicexbt Reply-To: alicexbt Message-ID: In-Reply-To: <8CD1F5D4-9260-4BE7-B710-993955AB58C8@petertodd.org> References: <8CD1F5D4-9260-4BE7-B710-993955AB58C8@petertodd.org> Feedback-ID: 40602938:user:proton MIME-Version: 1.0 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable X-Mailman-Approved-At: Tue, 26 Jul 2022 23:17:32 +0000 Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee 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: Tue, 26 Jul 2022 19:15:10 -0000 Hi Peter, > But to a first approximation, at any fee above zero failing to mine a tx = you know about is leaving money on the table Let's assume 10000 people go from A to B every day in flight. They buy tick= ets for different prices and some of them are looking to pay the minimum ev= en if it's a morning flight, not preferred seat etc. If the minimum price f= or ticket drops, will this increase the revenue for airlines? Some people who avoided flight earlier might book with new minimum although= most of them already figured out other ways to travel or paid the old mini= mum. Maximum people or weight for a flight would still remain the same. /dev/fd0 Sent with Proton Mail secure email. ------- Original Message ------- On Tuesday, July 26th, 2022 at 7:57 PM, Peter Todd wro= te: > > On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev bitcoin-d= ev@lists.linuxfoundation.org wrote: > > > Hi Aaradhya, > > > > > As it's not a consensus rule, I think it can be done easily, just nee= ding support from full node operators > > > > A few miners will need to use a lower minrelaytxfee for this to work. I= don't think miners would want to lower their profits. > > > Whether or not this lowers profits for a particular miner is complex: > > https://petertodd.org/2016/block-publication-incentives-for-miners > > But to a first approximation, at any fee above zero failing to mine a tx = you know about is leaving money on the table. > > Anyway even if miners don't actually mine these txs by themselves, with C= hild-Pays-For-Parent, allowing near-zero txs into your mempool potentially = allows you to mine more fees.