📅 Original date posted:2015-08-10
📝 Original message:On Monday 10. August 2015 16.55.40 Jorge Timón via bitcoin-dev wrote:
> I'm not trying to be obstinate but I seriously can't see how they are
> different.
> When you say unreliable I think you mean "unreliable for cheap fee
> transactions". Transactions with the highest fees will always confirm
> reliably. For example, a 1 btc fee tx will probably always confirm very
> reliably even if capacity never increases and demands increases a lot.
The actual fee is irrelevant, the amount of transactions is relevant.
Have you ever been to a concert that was far away from public transport? They
typically set up bus shuttles, or taxis to get people back into town
afterwards.
The result there is always you end up waiting forever and it actually may be
easier to just walk instead of wait.
The amount you pay is irrelevant if everyone is paying it. There still is more
demand than there is capacity.
At the concert the amount of people will stop after some time, and you'd get
your bus. But in the scenarios created here the queues will never stop.
So, no, its not unreliable for cheap free transactions.
Its unreliable for all types of transactions.
--
Thomas Zander
Thomas Zander [ARCHIVE] /
npub1du…vyg93
2023-06-07 17:33:58
in reply to nevent1q…adzl
Author Public Key
npub1du3xh5wgds32a5fweqkd9k45kh30wl7kv2kyu8ugz9c2ztdg00tqqvyg93Published at
2023-06-07 17:33:58Event JSON
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"content": "📅 Original date posted:2015-08-10\n📝 Original message:On Monday 10. August 2015 16.55.40 Jorge Timón via bitcoin-dev wrote:\n\u003e I'm not trying to be obstinate but I seriously can't see how they are\n\u003e different.\n\u003e When you say unreliable I think you mean \"unreliable for cheap fee\n\u003e transactions\". Transactions with the highest fees will always confirm\n\u003e reliably. For example, a 1 btc fee tx will probably always confirm very\n\u003e reliably even if capacity never increases and demands increases a lot.\n\nThe actual fee is irrelevant, the amount of transactions is relevant.\n\nHave you ever been to a concert that was far away from public transport? They \ntypically set up bus shuttles, or taxis to get people back into town \nafterwards.\nThe result there is always you end up waiting forever and it actually may be \neasier to just walk instead of wait.\nThe amount you pay is irrelevant if everyone is paying it. There still is more \ndemand than there is capacity.\n\nAt the concert the amount of people will stop after some time, and you'd get \nyour bus. But in the scenarios created here the queues will never stop.\n\nSo, no, its not unreliable for cheap free transactions.\nIts unreliable for all types of transactions.\n\n-- \nThomas Zander",
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