Received: from sog-mx-4.v43.ch3.sourceforge.com ([172.29.43.194] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1YqgSp-0005ng-9G for bitcoin-development@lists.sourceforge.net; Fri, 08 May 2015 11:29:07 +0000 X-ACL-Warn: Received: from slow.vmail.no ([193.75.16.12]) by sog-mx-4.v43.ch3.sourceforge.com with esmtp (Exim 4.76) id 1YqgSn-0000km-GO for bitcoin-development@lists.sourceforge.net; Fri, 08 May 2015 11:29:07 +0000 Received: from pmx.vmail.no (pmx.vmail.no [193.75.16.11]) by slow.vmail.no (slow1.isp.as2116.net) with ESMTP id A8DD687DC5 for ; Fri, 8 May 2015 13:03:03 +0200 (CEST) Received: from pmx.vmail.no (localhost [127.0.0.1]) by localhost (pmx.isp.as2116.net) with SMTP id 955DB4056A for ; Fri, 8 May 2015 13:02:57 +0200 (CEST) Received: from smtp.bluecom.no (smtp.bluecom.no [193.75.75.28]) by pmx.vmail.no (pmx.isp.as2116.net) with ESMTP id 745B33FAB8 for ; Fri, 8 May 2015 13:02:57 +0200 (CEST) Received: from coldstorage.localnet (unknown [81.191.182.184]) (using TLSv1 with cipher DHE-RSA-AES256-SHA (256/256 bits)) (No client certificate requested) by smtp.bluecom.no (Postfix) with ESMTPS id 68B57412 for ; Fri, 8 May 2015 13:02:57 +0200 (CEST) From: Thomas Zander To: bitcoin-development@lists.sourceforge.net Date: Fri, 08 May 2015 13:02:56 +0200 Message-ID: <1551544.DzLxgCKLBq@coldstorage> User-Agent: KMail/4.14.1 (Linux/3.16.0-4-amd64; KDE/4.14.2; x86_64; ; ) In-Reply-To: <20150507014952.GA5657@savin.petertodd.org> References: <554A91BE.6060105@bluematt.me> <20150507014952.GA5657@savin.petertodd.org> MIME-Version: 1.0 Content-Transfer-Encoding: 7Bit Content-Type: text/plain; charset="us-ascii" X-Spam-Score: 0.0 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. X-Headers-End: 1YqgSn-0000km-GO Subject: Re: [Bitcoin-development] Block Size Increase 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: Fri, 08 May 2015 11:29:07 -0000 On Wednesday 6. May 2015 21.49.52 Peter Todd wrote: > I'm not sure if you've seen this, but a good paper on this topic was > published recently: "The Economics of Bitcoin Transaction Fees" The obvious flaw in this paper is that it talks about a block size in todays (trivial) data-flow economy and compares it with the zero-reward situation decades from now. Its comparing two things that will never exist at the same time (unless Bitcoin fails). -- Thomas Zander