On Thu, Oct 24, 2013 at 04:38:16PM +0200, Mike Hearn wrote: > On Thu, Oct 24, 2013 at 4:30 PM, Peter Todd <p...@petertodd.org> wrote: > > > Quick thought on how to make blockchain-based fee estimates work better > > in the context of out-of-band mining contracts: have miners advertise in > > their coinbase's what fees were actually paid, as opposed to appear to > > have been paid. > > > This is interesting, but I suppose some miners may have business models > that can't be easily summed up as a "fee" - like all-you-can-eat deals with > certain providers, or preference to certain kinds of transactions etc.
For sure, although *usually* all kinds of odd-ball forms of compensation can be turned into a dollar figure. :) > For the concern that estimation might force fees down too far if miners > include private transactions, I thought the estimates were calculated only > on broadcast transactions, so transactions that just appear in a block > won't ever influence the estimate? The thing is if a miner is mining a transaction, even in exchange for a out-of-band fee if they succeed, they probably still have an incentive to a: ask the sender to include enough of a fee that it propagates, and b: broadcast it themselves to make sure it's in other nodes signature caches so their blocks propagate fast. (esp. with by-txid-only relaying) Anyway, in what circumstance would a customer want an exclusive contract with a miner? -- 'peter'[:-1]@petertodd.org 0000000000000000bf7bcf3da1b3b228216b72fefccbed84becaaba6fcc6aff2
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