MIME-Version: 1.0
From: Jeremy <jlrubin@mit.edu>
Date: Thu, 9 Dec 2021 10:24:44 -0800
Message-ID: <CAD5xwhh7azm8jydaTwwyXT1w_VwgLyXf_KAgyBM2P8XHkUqfLg@mail.gmail.com>
To: Bitcoin development mailing list <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="0000000000002d1ec605d2bab957"
Subject: [bitcoin-dev] [Bitcoin Advent Calendar]: Congestion Control
Precedence: list

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Today's post is a follow up to some older content about congestion control
& CTV.

It's written (as with the rest of the series) to be a bit more approachable
than technical, but there are code samples in Sapio of constructing a
payout tree.

today's post:
https://rubin.io/bitcoin/2021/12/09/advent-12/

older posts:
- https://utxos.org/analysis/bip_simulation/
- https://utxos.org/analysis/batching_sim/

Generally, I think the importance and potential of congestion control is
currently understated. The next couple posts will build on this with Coin
Pools, Mining Pools, and Lighting which also leverage congestion control
structures with multi-party opt-outs for added punch. But even in the base
case, these congestion control primitives can be really important for large
volume large value businesses to close out liabilities reliably without
being impacted too much by transient chain weather. Those types of demand
(high volume, high value) aren't served well by the lightning network
(ever) since the large values of flows would be difficult to route and
might prefer being deposited directly into cold storage given the amounts
at stake.

best,

Jeremy

--
@JeremyRubin <https://twitter.com/JeremyRubin>
<https://twitter.com/JeremyRubin>

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<div dir=3D"ltr"><div class=3D"gmail_default" style=3D"font-family:arial,he=
lvetica,sans-serif;font-size:small;color:#000000">Today&#39;s post is a fol=
low up to some older content about congestion control &amp; CTV.</div><div =
class=3D"gmail_default" style=3D"font-family:arial,helvetica,sans-serif;fon=
t-size:small;color:#000000"><br></div><div class=3D"gmail_default" style=3D=
"font-family:arial,helvetica,sans-serif;font-size:small;color:#000000">It&#=
39;s written (as with the rest of the series) to be a bit more approachable=
 than technical, but there are code samples in Sapio of constructing=C2=A0a=
 payout tree.</div><div class=3D"gmail_default" style=3D"font-family:arial,=
helvetica,sans-serif;font-size:small;color:#000000"><br></div><div class=3D=
"gmail_default" style=3D"font-family:arial,helvetica,sans-serif;font-size:s=
mall;color:#000000">today&#39;s post:</div><div class=3D"gmail_default" sty=
le=3D"font-family:arial,helvetica,sans-serif;font-size:small;color:#000000"=
><a href=3D"https://rubin.io/bitcoin/2021/12/09/advent-12/">https://rubin.i=
o/bitcoin/2021/12/09/advent-12/</a><br></div><div class=3D"gmail_default" s=
tyle=3D"font-family:arial,helvetica,sans-serif;font-size:small;color:#00000=
0"><br></div><div class=3D"gmail_default" style=3D"font-family:arial,helvet=
ica,sans-serif;font-size:small;color:#000000">older posts:</div><div class=
=3D"gmail_default" style=3D"font-family:arial,helvetica,sans-serif;font-siz=
e:small;color:#000000">- <a href=3D"https://utxos.org/analysis/bip_simulati=
on/">https://utxos.org/analysis/bip_simulation/</a></div><div class=3D"gmai=
l_default" style=3D"font-family:arial,helvetica,sans-serif;font-size:small;=
color:#000000">-=C2=A0<a href=3D"https://utxos.org/analysis/batching_sim/">=
https://utxos.org/analysis/batching_sim/</a></div><div class=3D"gmail_defau=
lt" style=3D"font-family:arial,helvetica,sans-serif;font-size:small;color:#=
000000"><br></div><div class=3D"gmail_default" style=3D"font-family:arial,h=
elvetica,sans-serif;font-size:small;color:#000000">Generally, I think the i=
mportance and potential of congestion control is currently understated. The=
 next couple posts will build on this with Coin Pools, Mining Pools, and Li=
ghting which also leverage congestion control structures with multi-party o=
pt-outs for added punch. But even in the base case, these congestion contro=
l primitives can be really important for large volume large value businesse=
s to close out liabilities reliably without being impacted too much by tran=
sient chain weather. Those types of demand (high volume, high value) aren&#=
39;t served well by the lightning network (ever) since the large values of =
flows would be difficult to route and might prefer being deposited directly=
 into cold storage given the amounts at stake.</div><div class=3D"gmail_def=
ault" style=3D"font-family:arial,helvetica,sans-serif;font-size:small;color=
:#000000"><br></div><div class=3D"gmail_default" style=3D"font-family:arial=
,helvetica,sans-serif;font-size:small;color:#000000">best,</div><div class=
=3D"gmail_default" style=3D"font-family:arial,helvetica,sans-serif;font-siz=
e:small;color:#000000"><br></div><div class=3D"gmail_default" style=3D"font=
-family:arial,helvetica,sans-serif;font-size:small;color:#000000">Jeremy</d=
iv><br clear=3D"all"><div><div dir=3D"ltr" class=3D"gmail_signature" data-s=
martmail=3D"gmail_signature"><div dir=3D"ltr">--<br><a href=3D"https://twit=
ter.com/JeremyRubin" target=3D"_blank">@JeremyRubin</a><a href=3D"https://t=
witter.com/JeremyRubin" target=3D"_blank"></a></div></div></div></div>

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