š
Original date posted:2015-05-10
š Original message:On Sun, May 10, 2015 at 05:45:32PM -0300, Sergio Lerner wrote:
> Two years ago I presented a new way to create a fee market that does not
> depend on the block chain limit.
<snip>
> Solution: Require that the set of fees collected in a block has a
> dispersion below a threshold. Use, for example, the Coefficient of
> Variation (http://en.wikipedia.org/wiki/Coefficient_of_variation). If
> the CoVar is higher than a fixed threshold, the block is considered invalid.
It's not possible to create consensus rules enforcing anything about
fees because it's trivial to pay miners out of band.
For instance, you can pay transaction fees by including anyone-can-spend
outputs in your transactions. The miner creating the block then simply
adds a transaction at the end of their block collecting all the
anyone-can-spend outputs. Equally, if you try to prohibit that - e.g. by
preventing respending of funds in the same block - they can simply
publish fee addresses and have people put individual outputs for those
addresses in their transactions. (IIRC Eligius gave people the option to
pay fees that way for awhile)
--
'peter'[:-1]@petertodd.org
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Peter Todd [ARCHIVE] /
npub1m2ā¦a2np2
2023-06-07 15:34:37
in reply to nevent1qā¦wpw0
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Seen on
wss://relay.noswhere.comPublished at
2023-06-07 15:34:37Event JSON
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Original date posted:2015-05-10\nš Original message:On Sun, May 10, 2015 at 05:45:32PM -0300, Sergio Lerner wrote:\n\u003e Two years ago I presented a new way to create a fee market that does not\n\u003e depend on the block chain limit.\n\n\u003csnip\u003e\n\n\u003e Solution: Require that the set of fees collected in a block has a\n\u003e dispersion below a threshold. Use, for example, the Coefficient of\n\u003e Variation (http://en.wikipedia.org/wiki/Coefficient_of_variation). If\n\u003e the CoVar is higher than a fixed threshold, the block is considered invalid.\n\nIt's not possible to create consensus rules enforcing anything about\nfees because it's trivial to pay miners out of band.\n\nFor instance, you can pay transaction fees by including anyone-can-spend\noutputs in your transactions. The miner creating the block then simply\nadds a transaction at the end of their block collecting all the\nanyone-can-spend outputs. Equally, if you try to prohibit that - e.g. by\npreventing respending of funds in the same block - they can simply\npublish fee addresses and have people put individual outputs for those\naddresses in their transactions. (IIRC Eligius gave people the option to\npay fees that way for awhile)\n\n-- \n'peter'[:-1]@petertodd.org\n00000000000000000fa57b40dc86a61d35aaf9241c86f047ef6f4bab8f13dfb7\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 650 bytes\nDesc: Digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150510/db3d6fe4/attachment.sig\u003e",
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