📅 Original date posted:2015-07-22
📝 Original message:Addendum:
Please do not interpret - as many have - my points as advocating against
letting a fee market ever develop(!).
Fees are useful against DoS, increasing cost of attack etc. Further,
continuing the artificially-low fee policy ad infinitum is unsustainable
and constitutes a moral hazard.
Examine from the user's point of view. If you want to develop a fee
market, think it through in the context of user expectation/experience -
which translates to how software is written and users behave, the context
of market disruption, and the context of further block size increases.
Transition to a new economic policy should be planned. It should give
users and markets time to adjust.
It is grossly irresponsible to simply drop users into a new economic policy
with no warning and no preparation.
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Jeff Garzik [ARCHIVE] /
npub1kf…f3f58
2023-06-07 15:42:50
in reply to nevent1q…0sly
Author Public Key
npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58Published at
2023-06-07 15:42:50Event JSON
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"content": "📅 Original date posted:2015-07-22\n📝 Original message:Addendum:\n\nPlease do not interpret - as many have - my points as advocating against\nletting a fee market ever develop(!).\n\nFees are useful against DoS, increasing cost of attack etc. Further,\ncontinuing the artificially-low fee policy ad infinitum is unsustainable\nand constitutes a moral hazard.\n\nExamine from the user's point of view. If you want to develop a fee\nmarket, think it through in the context of user expectation/experience -\nwhich translates to how software is written and users behave, the context\nof market disruption, and the context of further block size increases.\n\nTransition to a new economic policy should be planned. It should give\nusers and markets time to adjust.\n\nIt is grossly irresponsible to simply drop users into a new economic policy\nwith no warning and no preparation.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150722/a2a73eea/attachment.html\u003e",
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