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Date: Fri, 8 May 2015 15:45:19 -0700
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Cc: Bitcoin Development <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Proposed alternatives to the 20MB step
	function
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--047d7b6d8f948fc9f1051599c970
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On Fri, May 8, 2015 at 3:43 PM, Aaron Voisine <voisine@gmail.com> wrote:

> This is a clever way to tie block size to fees.
>
> I would just like to point out though that it still fundamentally is using
> hard block size limits to enforce scarcity. Transactions with below market
> fees will hang in limbo for days and fail, instead of failing immediately
> by not propagating, or seeing degraded, long confirmation times followed by
> eventual success.
>

There are already solutions to this which are waiting to be deployed as
default policy to bitcoind, and need to be implemented in other clients:
replace-by-fee and child-pays-for-parent.

--047d7b6d8f948fc9f1051599c970
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<div dir=3D"ltr">On Fri, May 8, 2015 at 3:43 PM, Aaron Voisine <span dir=3D=
"ltr">&lt;<a href=3D"mailto:voisine@gmail.com" target=3D"_blank">voisine@gm=
ail.com</a>&gt;</span> wrote:<br><div class=3D"gmail_extra"><div class=3D"g=
mail_quote"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;bo=
rder-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr">This is a cleve=
r way to tie block size to fees.<div><br></div><div>I would just like to po=
int out though that it still fundamentally is using hard block size limits =
to enforce scarcity. Transactions with below market fees will hang in limbo=
 for days and fail, instead of failing immediately by not propagating, or s=
eeing degraded, long confirmation times followed by eventual success.</div>=
</div></blockquote><div><br></div><div>There are already solutions to this =
which are waiting to be deployed as default policy to bitcoind, and need to=
 be implemented in other clients: replace-by-fee and child-pays-for-parent.=
 <br></div></div></div></div>

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