📅 Original date posted:2015-06-19
📝 Original message:On Fri, Jun 19, 2015 at 4:37 AM, Mike Hearn <mike at plan99.net> wrote:
> Or alternatively, fix the reasons why users would have negative
>> experiences with full blocks
>>
>
> It's impossible, Mark. *By definition* if Bitcoin does not have
> sufficient capacity for everyone's transactions, some users who were using
> it will be kicked out to make way for the others. Whether that happens in
> some kind of stable organised way or (as with the current code) a fairly
> chaotic way doesn't change the fundamental truth: *some users will find
> their bitcoin savings have become uneconomic to spend*.
>
> Here's a recent user complaint that provides a preview of coming
> attractions:
>
>
> https://www.reddit.com/r/Bitcoin/comments/39r3bi/breadwallet_asking_me_to_pay_over_10_network_fee/
>
> Hello, I'm just trying to send my small Sarutobi-tips stash (12,159 bits)
>> onto a paper wallet. When I try to send it, a window pops up stating
>> "insufficient funds for bitcoin network fee, reduce payment amount by 1,389
>> bits?" This would be a fee of $0.32 to send my $2.82, leaving me with $2.50.
>
>
>
Has there been any talk about reducing the time between blocks? If blocks
were allowed to come twice as fast, they would be able to clear pending
transactions in the mempool the same as if the block size doubled, but
would allow mining to stay more decentralized since miners wouldn't be
working on such large-scale blocks? It would still take more storage space
to store the blockchain, though.
Brooks
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Brooks Boyd [ARCHIVE] /
npub12h…vtmxa
2023-06-07 15:38:39
in reply to nevent1q…dhug
Author Public Key
npub12hzwfhx9ptjf2f0va8qllc0h4tcvz5aaefvlvn9uq8z2ssrq027qtvtmxaPublished at
2023-06-07 15:38:39Event JSON
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"content": "📅 Original date posted:2015-06-19\n📝 Original message:On Fri, Jun 19, 2015 at 4:37 AM, Mike Hearn \u003cmike at plan99.net\u003e wrote:\n\n\u003e Or alternatively, fix the reasons why users would have negative\n\u003e\u003e experiences with full blocks\n\u003e\u003e\n\u003e\n\u003e It's impossible, Mark. *By definition* if Bitcoin does not have\n\u003e sufficient capacity for everyone's transactions, some users who were using\n\u003e it will be kicked out to make way for the others. Whether that happens in\n\u003e some kind of stable organised way or (as with the current code) a fairly\n\u003e chaotic way doesn't change the fundamental truth: *some users will find\n\u003e their bitcoin savings have become uneconomic to spend*.\n\u003e\n\u003e Here's a recent user complaint that provides a preview of coming\n\u003e attractions:\n\u003e\n\u003e\n\u003e https://www.reddit.com/r/Bitcoin/comments/39r3bi/breadwallet_asking_me_to_pay_over_10_network_fee/\n\u003e\n\u003e Hello, I'm just trying to send my small Sarutobi-tips stash (12,159 bits)\n\u003e\u003e onto a paper wallet. When I try to send it, a window pops up stating\n\u003e\u003e \"insufficient funds for bitcoin network fee, reduce payment amount by 1,389\n\u003e\u003e bits?\" This would be a fee of $0.32 to send my $2.82, leaving me with $2.50.\n\u003e\n\u003e\n\u003e\nHas there been any talk about reducing the time between blocks? If blocks\nwere allowed to come twice as fast, they would be able to clear pending\ntransactions in the mempool the same as if the block size doubled, but\nwould allow mining to stay more decentralized since miners wouldn't be\nworking on such large-scale blocks? It would still take more storage space\nto store the blockchain, though.\n\nBrooks\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150619/6f2397c3/attachment.html\u003e",
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