📅 Original date posted:2015-10-27
📝 Original message:
>> But I think it's actually a tractable question, so we can probably actually
work out numbers!
The whole point of a market would be that you get users to work out "the
numbers". If Bitcoin would have a market then capacity would be set by its
use and more demand would trigger supply, and vice versa. Fixing that in
code is inevitably going to lead to bad results. So these discussions about
blocksize and capacity went fundamentally going in the wrong direction.
There is no sensible algorithm to determining prices of anything without
using the input of people in the market. Its not really clear Bitcoin could
build in a mechanism to handle that.
It would be advantageous if fees would be variable by transaction size.
Bitcoin should handle large nominal volumes and low transaction volumes and
a possible second layer handle low nominal values and high transaction
volumes. So it's good to consider BTC amount transferred per bytes. The
higher that number the better for Bitcoin's capacity.
On Tue, Oct 27, 2015 at 10:38 AM, Pierre <pm+lists at acinq.fr> wrote:
> Hello aj,
>
> This is very interesting, thanks!
>
> You seem to be considering that bitcoin tx and lightning tx are completely
> independent, which is not entirely true because of anchor transactions.
> While this is certainly a valid assumption, maybe it would be worth stating
> it explicitely ?
>
> Cheers,
>
> Pierre
>
> _______________________________________________
> Lightning-dev mailing list
> Lightning-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/lightning-dev
>
>
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Benjamin [ARCHIVE] /
npub17k…sr5tq
2023-06-09 12:45:00
in reply to nevent1q…vzeu
Author Public Key
npub17kz55p7ysz4ftvq2xyr2zamc776cygwcm5fdz8ndj3jm5umm65xq4sr5tqPublished at
2023-06-09 12:45:00Event JSON
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"content": "📅 Original date posted:2015-10-27\n📝 Original message:\n\u003e\u003e But I think it's actually a tractable question, so we can probably actually\nwork out numbers!\n\nThe whole point of a market would be that you get users to work out \"the\nnumbers\". If Bitcoin would have a market then capacity would be set by its\nuse and more demand would trigger supply, and vice versa. Fixing that in\ncode is inevitably going to lead to bad results. So these discussions about\nblocksize and capacity went fundamentally going in the wrong direction.\nThere is no sensible algorithm to determining prices of anything without\nusing the input of people in the market. Its not really clear Bitcoin could\nbuild in a mechanism to handle that.\n\nIt would be advantageous if fees would be variable by transaction size.\nBitcoin should handle large nominal volumes and low transaction volumes and\na possible second layer handle low nominal values and high transaction\nvolumes. So it's good to consider BTC amount transferred per bytes. The\nhigher that number the better for Bitcoin's capacity.\n\nOn Tue, Oct 27, 2015 at 10:38 AM, Pierre \u003cpm+lists at acinq.fr\u003e wrote:\n\n\u003e Hello aj,\n\u003e\n\u003e This is very interesting, thanks!\n\u003e\n\u003e You seem to be considering that bitcoin tx and lightning tx are completely\n\u003e independent, which is not entirely true because of anchor transactions.\n\u003e While this is certainly a valid assumption, maybe it would be worth stating\n\u003e it explicitely ?\n\u003e\n\u003e Cheers,\n\u003e\n\u003e Pierre\n\u003e\n\u003e _______________________________________________\n\u003e Lightning-dev mailing list\n\u003e Lightning-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/lightning-dev\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/lightning-dev/attachments/20151027/e19ca702/attachment-0001.html\u003e",
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