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authorJohn Dillon <john.dillon892@googlemail.com>2013-10-28 07:17:50 +0000
committerbitcoindev <bitcoindev@gnusha.org>2013-10-28 07:17:57 +0000
commit7aebc9c9fe586ce93caa907b262271538cde20b6 (patch)
tree2e482d0910bf0e3a2a8a6376b0cab1b5050d9741
parent6acfd6116e9f25539d0407ee589fe24d17e09cfd (diff)
downloadpi-bitcoindev-7aebc9c9fe586ce93caa907b262271538cde20b6.tar.gz
pi-bitcoindev-7aebc9c9fe586ce93caa907b262271538cde20b6.zip
Re: [Bitcoin-development] Making fee estimation better
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+From: John Dillon <john.dillon892@googlemail.com>
+To: Gavin Andresen <gavinandresen@gmail.com>, Peter Todd <pete@petertodd.org>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Making fee estimation better
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+-----BEGIN PGP SIGNED MESSAGE-----
+Hash: SHA256
+
+On Sat, Oct 26, 2013 at 12:25 AM, Gavin Andresen
+<gavinandresen@gmail.com> wrote:
+> I feel like there is a lot of "in the weeds" discussion here about
+> theoretical, what-if-this-and-that-happens-in-the-future scenarios.
+>
+> I would just like to point out (again) that this is not intended to be Th=
+e
+> One True Solution For Transaction Fees And Transaction Prioritization. If
+> you've got a better mechanism for estimating fees, fantastic! If it turns
+> out estimates are often-enough wrong to be a problem and you've got a
+> solution for that, fantastic!
+
+This discussion seems to be a lot of hot air over a simple observation that
+estimates are imperfect and always will be. I do not understand you vehemen=
+t
+opposition the notion that a backup is a good thing except in the context t=
+hat
+replacement to change fees is halfway to profit-seeking replacement by fee.
+
+
+Peter Todd:
+
+You did a fair bit of leg work for replace-by-fee. Seems to me that
+replace-for-fee will help prep infrastructure to eventual replace-by-fee us=
+age,
+while avoiding some of the politics around zero-conf transactions.
+
+Go dust off your code and make it happen. I want to see a mempool
+implementation similar to what you did for me on replace-for-fee, and I
+understand much of the code is written in any case. This time I also want t=
+o
+see a increasetxfee RPC command, and erasewallettx RPC command to deal with
+duplicates. (I know touching the wallet code is scary) Having all will enab=
+le
+usage, and I can imagine getting pools to use this will be easy enough.
+(eligius?)
+
+Here is your 4BTC bounty. In the event I am not around Gregory Maxwell can =
+also
+adjudicate. If both you and him feel someone else deserves it, by all means
+send them the funds
+
+bitcoind decodescript
+522102d527466a144aac2030cd16d8be3d91231af26a95c2f8fc345a0ea0e8d53ac3914104d=
+34775baab521d7ba2bd43997312d5f663633484ae1a4d84246866b7088297715a049e2288ae=
+16f168809d36e2da1162f03412bf23aa5f949f235eb2e71417834104f005d39733ec09a1efa=
+0cf8dcf3df50691e22c2374ff9a96d1d9ecb98a1e866c9f558a9fa1ba8ef0bbbad01f396768=
+c0cb2dda9924dc0aaee1481604a8bd9ce453ae
+{
+ "asm" : "2 02d527466a144aac2030cd16d8be3d91231af26a95c2f8fc345a0ea0e8d5=
+3ac391
+04d34775baab521d7ba2bd43997312d5f663633484ae1a4d84246866b7088297715a049e228=
+8ae16f168809d36e2da1162f03412bf23aa5f949f235eb2e7141783
+04f005d39733ec09a1efa0cf8dcf3df50691e22c2374ff9a96d1d9ecb98a1e866c9f558a9fa=
+1ba8ef0bbbad01f396768c0cb2dda9924dc0aaee1481604a8bd9ce4
+3 OP_CHECKMULTISIG",
+ "reqSigs" : 2,
+ "type" : "multisig",
+ "addresses" : [
+ "1L9p6QiWs2nfinyF4CnbqysWijMvvcsnxe",
+ "1FCYd7j4CThTMzts78rh6iQJLBRGPW9fWv",
+ "1GMaxweLLbo8mdXvnnC19Wt2wigiYUKgEB"
+ ],
+ "p2sh" : "3BST1dPxvgMGL3d9GPCHvTyZNsJ7YKTVPo"
+}
+
+(I realized right after my Tor payment protocol bounty that I would need so=
+me
+bit of uniqueness like a bounty-specific pubkey to disambiguate multiple su=
+ch
+bounties!)
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