What if, for ex: up to 16mb were 1 sat/ tx,

Question

What if, for ex: up to 16mb were 1 sat/ tx,

then up to 24 mb were 2 sat/ tx,
then up to 28 mb were 4 sat/ tx,
then up to 30 mb were 8 sat/ tx,
then up to 31 mb were 16 sat/ tx etc.
(assuming current max block size is 32mb) - logarithmicly/exponentially increasing fee depending on how busy the network is. And then figures for fee range increase by multiple of x when max blocksize increases by multiple of x?

Is this feasible from dev perspective?
@bitcoincashautist ? Any1?
Seems logical from my pov...

#bch #bitcoincash #cryptocurrency #english

0

08.04.2024

17 ответов

18 просмотров

Sovereign Naan Автор вопроса

The block partition (w/ inversely increasing fee) would be a parallel w/ the halflife of inflation logarithmic equation that Satoshi create... Thinking on the same dimension ;)

0

21 день назад

Sovereign Naan Автор вопроса

Plus, no miner would ever set a cap below the max- because they'd lose all the fat fees if it every gets real busy. And itd make the chain spam- proof! Solves on both ends

0

21 день назад

Sovereign Naan Автор вопроса

Sovereign Naan
Plus, no miner would ever set a cap below the max-...

A block w/ 31.998046875 mb (99.994% full) would cost 7x as much in fees as a 32 mb block full of 1 sat/ tx, while keeping 50% of bandwidth at that minimum 1 sat/tx fee, and the block STILL WOULDN'T BE FULL!

0

21 день назад

Sovereign Naan Автор вопроса

Sovereign Naan
A block w/ 31.998046875 mb (99.994% full) would co...

The next fee tier would cost 16,448 sat/tx. Every fee tier generates same total in fees, while occupying half the space as it gets more full

0

21 день назад

Sovereign Naan Автор вопроса

Tom
I mean, as long as this is something that the mine...

Yeah, I don't know if it's a miner thing or would become a consensus thing... but just on basic logic lvl, it maximized min fee while defending against spam atks and ultimately can make miners get in consensus and not have short busses running when people are waiting in line

0

21 день назад

Alex

Fees would only start to rise after exceeding 2/3rd max block size at least I think. Otherwise average fees scale too quickly

0

21 день назад

Sovereign Naan Автор вопроса

Alex
Fees would only start to rise after exceeding 2/3r...

Just depends on the block size and at what threshold the max is raised. If 32mb max, 16mb of 1sat/tx is much more than avg usage now. Plus doing by 1/2 makes math waaaay easier than 2/3rds.

0

21 день назад

Dustin 🪐

Sovereign Naan
Just depends on the block size and at what thresho...

If only Bitcoin miners had calculators? 😁

0

21 день назад

Sovereign Naan Автор вопроса

Dustin 🪐
If only Bitcoin miners had calculators? 😁

If only Satoshi made a 2/3rdening every 4 yrs :p

0

21 день назад

Sovereign Naan Автор вопроса

I was gonna tag @checksum0 , to see what a miner thinks but seems like the tag no workie

0

21 день назад

Dustin 🪐

Sovereign Naan
I was gonna tag @checksum0 , to see what a miner t...

People have been saying the auto tag feature isn't showing everyone in the group for a while, so that probably did work.

0

21 день назад

Sovereign Naan Автор вопроса

A fee tier system which strikes a balance b/w low fees and spam defense, in a logarithmic manner similar to the bitcoin inflation equation

0

21 день назад

matricz

Sovereign Naan
A fee tier system which strikes a balance b/w low ...

I might help

0

21 день назад

matricz

Sovereign Naan
A fee tier system which strikes a balance b/w low ...

As a miner, why should I accept this scheme?

0

21 день назад

Sovereign Naan Автор вопроса

matricz
As a miner, why should I accept this scheme?

Because you make more $ in fees in times of high traffic, and also standardize max blocksize amongst miners. And also if you're bch-oriented rather than simply profit-oriented, bch becomes a superior product

0

21 день назад

checksum0

Sovereign Naan
I was gonna tag @checksum0 , to see what a miner t...

That wouldn't make sense, id never ever build a block like that unless it was consensus, and it would be a terrible idea to put this in consensus

0

19 дней назад

Tom · Accepted Answer

Tom

I mean, as long as this is something that the miner can decide on, can set the limits on, I'd be fine. The point is that a miner will want to get the most income for the blocksize they are comfortable broadcasting. I don't think it should be made more complex than that.

0

21 день назад

209 похожих чатов

What if, for ex: up to 16mb were 1 sat/ tx,

17 ответов

Похожие вопросы