Peter Todd [ARCHIVE] on Nostr: š
Original date posted:2015-06-27 š Original message:On Sat, Jun 27, 2015 at ...
š
Original date posted:2015-06-27
š Original message:On Sat, Jun 27, 2015 at 07:26:00PM +0200, Benjamin wrote:
> "Thus we have a fixed capacity system where access is mediated by supply
> and demand transaction fees."
>
> There is no supply and demand. That would mean users would be able to adapt
> fees and get different quality of service depending on current capacity.
> For example if peak load is 10x average load, then at those times fees
> would be higher and users would delay transactions to smooth out demand.
That's exactly how Bitcoin works already. See my article on how
transaction fees work for more details:
https://gist.github.com/petertodd/8e87c782bdf342ef18fb--
'peter'[:-1]@petertodd.org
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Published at
2023-06-07 15:40:49Event JSON
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Original date posted:2015-06-27\nš Original message:On Sat, Jun 27, 2015 at 07:26:00PM +0200, Benjamin wrote:\n\u003e \"Thus we have a fixed capacity system where access is mediated by supply\n\u003e and demand transaction fees.\"\n\u003e \n\u003e There is no supply and demand. That would mean users would be able to adapt\n\u003e fees and get different quality of service depending on current capacity.\n\u003e For example if peak load is 10x average load, then at those times fees\n\u003e would be higher and users would delay transactions to smooth out demand.\n\nThat's exactly how Bitcoin works already. See my article on how\ntransaction fees work for more details:\n\nhttps://gist.github.com/petertodd/8e87c782bdf342ef18fb\n\n-- \n'peter'[:-1]@petertodd.org\n0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24\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/20150627/d3b5043c/attachment-0001.sig\u003e",
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