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From: Mike Hearn <mike@plan99.net>
In-Reply-To: <20131201181211.GA20533@tilt>
Date: Sun, 1 Dec 2013 19:18:07 +0100
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	<20131201181211.GA20533@tilt>
To: Peter Todd <pete@petertodd.org>
Cc: bitcoin-development@lists.sourceforge.net,
	Andreas Schildbach <andreas@schildbach.de>
Subject: Re: [Bitcoin-development] Floating fees and SPV clients
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> Bitcoin is and always will be limited in capacity - transactions may =
not
> confirm in a reasonable about of time because of high-demand and/or =
DoS
> attacks.

I agree in the general case, but I was talking about the mobile wallet =
case specifically (i.e. people who are sending money between themselves =
or making small purchases of physical things). I think Bitcoin should be =
able to scale to handle these sorts of ordinary every-day transactions. =
Where I=92d expect to see transactions falling off the edge is in more =
specialised cases like very small single micropayments, or =93optional=94 =
internal transactions like mixing/re/defragmentation of wallets that =
don=92t correspond to an actual payment. Those sorts of transactions =
would I guess be the first to go when faced with a sudden capacity =
crunch, but they wouldn=92t show up in a mobile wallet UI anyway.

> re: merchants paying tx fees, child-pays-for-parent is inefficient

I know the existing code is, but is that fundamentally the case or just =
how the code has been written? I haven=92t looked at this issue much but =
I know you=92ve worked on it, so I=92m curious to learn about why it=92s =
inefficient and whether there are any fixes possible.=09=

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