📅 Original date posted:2014-02-28
📝 Original message:On 02/28/2014 07:25 PM, Mark Friedenbach wrote:
> Transaction fees are a DoS mitigating cost to the person making the
> transaction, but they are generally not paid to the people who
> actually incur costs in validating the blockchain. Actual transaction
> processing costs are an externality that is completely unpaid for.
What that means is the network layer is broken and needs to be fixed.
Bitcoin is the blockchain, not the P2P network. If the existing network
is not incentive compatible, then that's the root cause which should be
addressed.
There's no reason to enshrine the broken behavior and use it as a
roadblock to stop progress.
--
Support online privacy by using email encryption whenever possible.
Learn how here: http://www.youtube.com/watch?v=bakOKJFtB-k
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Justus Ranvier [ARCHIVE] /
npub1k2…9qd6m
2023-06-07 15:13:59
in reply to nevent1q…erhw
Author Public Key
npub1k2eekmevs6gg60df75qpjw4a2atmy89vx28c8zqq5jxy64tuzrws39qd6mPublished at
2023-06-07 15:13:59Event JSON
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"content": "📅 Original date posted:2014-02-28\n📝 Original message:On 02/28/2014 07:25 PM, Mark Friedenbach wrote:\n\u003e Transaction fees are a DoS mitigating cost to the person making the\n\u003e transaction, but they are generally not paid to the people who\n\u003e actually incur costs in validating the blockchain. Actual transaction\n\u003e processing costs are an externality that is completely unpaid for.\n\nWhat that means is the network layer is broken and needs to be fixed.\n\nBitcoin is the blockchain, not the P2P network. If the existing network\nis not incentive compatible, then that's the root cause which should be\naddressed.\n\nThere's no reason to enshrine the broken behavior and use it as a\nroadblock to stop progress.\n\n\n-- \nSupport online privacy by using email encryption whenever possible.\nLearn how here: http://www.youtube.com/watch?v=bakOKJFtB-k\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: 0x1B438BF4.asc\nType: application/pgp-keys\nSize: 21191 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140228/28259854/attachment.bin\u003e\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 555 bytes\nDesc: OpenPGP digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140228/28259854/attachment.sig\u003e",
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