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| author | Adam Back <adam@cypherspace.org> | 2015-08-05 13:07:35 +0200 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2015-08-05 11:07:37 +0000 |
| commit | 6d10da1bf82cc28a0e6e7616a7f1a0741ed8b0df (patch) | |
| tree | 6f3f8459fb5c15568b2ca22b1abc3a91befd37bb /dc | |
| parent | 81d58343bdfa7e6d6930f5d44c9effa08c596f30 (diff) | |
| download | pi-bitcoindev-6d10da1bf82cc28a0e6e7616a7f1a0741ed8b0df.tar.gz pi-bitcoindev-6d10da1bf82cc28a0e6e7616a7f1a0741ed8b0df.zip | |
Re: [bitcoin-dev] "A Transaction Fee Market Exists Without a Block Size Limit"--new research paper suggests
Diffstat (limited to 'dc')
| -rw-r--r-- | dc/c1d95d03fde4792ad14bad01aad82b053d9341 | 92 |
1 files changed, 92 insertions, 0 deletions
diff --git a/dc/c1d95d03fde4792ad14bad01aad82b053d9341 b/dc/c1d95d03fde4792ad14bad01aad82b053d9341 new file mode 100644 index 000000000..868f9f411 --- /dev/null +++ b/dc/c1d95d03fde4792ad14bad01aad82b053d9341 @@ -0,0 +1,92 @@ +Return-Path: <adam@cypherspace.org> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id 9455889E + for <bitcoin-dev@lists.linuxfoundation.org>; + Wed, 5 Aug 2015 11:07:37 +0000 (UTC) +X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 +Received: from mout.perfora.net (mout.perfora.net [74.208.4.197]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 345D8106 + for <bitcoin-dev@lists.linuxfoundation.org>; + Wed, 5 Aug 2015 11:07:37 +0000 (UTC) +Received: from mail-qg0-f46.google.com ([209.85.192.46]) by mrelay.perfora.net + (mreueus002) with ESMTPSA (Nemesis) id 0MG8VV-1ZbUj90FWx-00FE9C for + <bitcoin-dev@lists.linuxfoundation.org>; + Wed, 05 Aug 2015 13:07:36 +0200 +Received: by qgj62 with SMTP id 62so1319637qgj.2 + for <bitcoin-dev@lists.linuxfoundation.org>; + Wed, 05 Aug 2015 04:07:35 -0700 (PDT) +MIME-Version: 1.0 +X-Received: by 10.140.23.102 with SMTP id 93mr15290998qgo.61.1438772855179; + Wed, 05 Aug 2015 04:07:35 -0700 (PDT) +Received: by 10.96.226.68 with HTTP; Wed, 5 Aug 2015 04:07:35 -0700 (PDT) +In-Reply-To: <CAAO2FKGjarDHVyF0kJ39iS=QPQ_XrB97=dgHVVwSyih05EjJsQ@mail.gmail.com> +References: <CABsx9T1E1s=4h-SxLTOAXK4GniZrUekcEb6zDdTDFG+h7X98MA@mail.gmail.com> + <1438640036.2828.0.camel@auspira.com> + <CABsx9T2A-Mz9z=TTifbL2_sKCDvy8coRpNse+0vff6EbXbp8cg@mail.gmail.com> + <BF420F3B-044C-46F6-8880-FEEB9A3DC748@gmx.com> + <CAOoPuRb=wDKOoRXuqktDypyJ_gs1w5WORx4+LH84AOEv_PY1ZQ@mail.gmail.com> + <CAAO2FKGPeBnpB0X3fvqkX+Wy6wOO+m1ZPhEup0Hvv4_nhcRUKA@mail.gmail.com> + <CALqxMTGiSdh64G9LVLoCCio3fLNaXUY9v0BeMZV+ZiN6ShY0Ew@mail.gmail.com> + <CAAO2FKGjarDHVyF0kJ39iS=QPQ_XrB97=dgHVVwSyih05EjJsQ@mail.gmail.com> +Date: Wed, 5 Aug 2015 13:07:35 +0200 +Message-ID: <CALqxMTH9K1WrZo9RUBmK93y_42ffe_Ni7yJFrghJy_7EZMM8Eg@mail.gmail.com> +From: Adam Back <adam@cypherspace.org> +To: Hector Chu <hectorchu@gmail.com> +Content-Type: text/plain; charset=UTF-8 +X-Provags-ID: V03:K0:KepgIJDOLTWooDq8HESwA6vAL7TZMk5rsa+0HlPh2ztrRdb3eM1 + CiMfKYmidaJJWqT3McZS1R5haKPwlqoJPEL3PuIDC+EY6W5CtVPumwA/RHQlLLwr3qhj3nW + GGWHRwivO/aC6A6Ruc+jL2fDHUtRZzxTo98qNXw9QK6yQvILQcQs1/iFToDfCAOZAB1TyZa + 2Bk3V5wN43JHhi9c/B01g== +X-UI-Out-Filterresults: notjunk:1;V01:K0:73MDWcFkiag=:fxthw+SJIOFgEwsNNkN5Ea + /+qFkzLAZ9Adx/0ehxxdFzvEqPw2QTnTyzdDQRMP4dVUzQ3eckTsXV5nRBDIIenPgsIuhQrEW + HhJ+1oUGqTeKVUEHPet782QnZABss9Xi4idIVGZ/BSNuiXEZSiZR+novexydxe7nVgFQRMtR9 + 2rECyj2M8ufHau6K/CA00RcBkj0LM590etByXXn0c2+I3h4KtJvm1cevuh0IPJV4YwFtlnpy1 + j1POODjqsO6ic38Xse0iL0DtvE64HbTjHkkpHcwpLQYA1ImPVBXMgkpl0bsGUTbyht3FCU1// + Y7+gJZhBis7+ts+MlMr6oxlsYwKSE9XtZdEelsJL9LfmT/XH7MUYEdrIv/cZV5QknCZPFRatd + C6ywS6E7e6xt6ZPNE6Ak8Z3/rCwsn3M6rt6YJm6RbGDfguIGD6gGA3tT9Wb9f8aSNWgXA3DKQ + tb9rHTdSj8xfzK5kEoQdMG0rFq4jQeg25Siypkv4S3hhcKOj/5gpMQRxieEIHGLlj8rSg9OgM + 1j6mUHl+2F0sjWTTYeme4NkBC0kzUoKYD9oj11+R26kRBvoVWDq9pOAyhFmWSFWmn/o3xjuHr + m7DqPzkot9o8Ia+g8hEZNOpvKbYQixAQHx7oNOCc5Y6xUuTb89uplg/X1Bnb7JKlGiCvbAbyi + 7Y2KCQRGPm/wsp9GkVGVj5wQbwp3t9kekx9GtU9Q3lPEDLw== +X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,RCVD_IN_DNSWL_LOW + autolearn=ham version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org> +Subject: Re: [bitcoin-dev] "A Transaction Fee Market Exists Without a Block + Size Limit"--new research paper suggests +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +List-Id: Bitcoin Development Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Wed, 05 Aug 2015 11:07:37 -0000 + +On 5 August 2015 at 12:51, Hector Chu <hectorchu@gmail.com> wrote: +> The market I am thinking of would be open to all, not just miners. But +> miners would probably be best placed to profit from such a market, as it is +> their business to know about the revenue/costs tradeoff. + +This prediction market in block-size seems like something extremely +complex to operate and keep secure in a decentralised fashion. There +are several experimental projects right now trying to figure out how +to do this securely, using blockchain ideas, but it is early days for +those projects. + +We also have no particular reason to suppose other than +meta-incentive, that it should result in a secure parameter set. + +I suspect that, while it is interesting in the abstract, it risks +converting a complex security problem into an even more complex one, +rather than constituting an incremental security improvement which is +more the context of day to day discussions here. + +Adam + |