On 05/08/2015 11:36 PM, Gregory Maxwell wrote: > Another related point which has been tendered before but seems to have > been ignored is that changing how the size limit is computed can help > better align incentives and thus reduce risk. E.g. a major cost to the > network is the UTXO impact of transactions, but since the limit is blind > to UTXO impact a miner would gain less income if substantially factoring > UTXO impact into its fee calculations; and without fee impact users have > little reason to optimize their UTXO behavior.
Along the lines of aligning incentives with a diversity of costs to a variety of network participants, I am curious about reactions to Justus' general approach: http://bitcoinism.liberty.me/2015/02/09/economic-fallacies-and-the-block-size-limit-part-2-price-discovery/ I realize it relies on pie-in-the-sky ideas like micropayment channels, but I wonder if it's a worthy long-term ideal direction for this stuff. ------------------------------------------------------------------------------ One dashboard for servers and applications across Physical-Virtual-Cloud Widest out-of-the-box monitoring support with 50+ applications Performance metrics, stats and reports that give you Actionable Insights Deep dive visibility with transaction tracing using APM Insight. http://ad.doubleclick.net/ddm/clk/290420510;117567292;y _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
