Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

> On 9 Mar 2016, at 20:21, Bob McElrath wrote: > > Dave Hudson [d...@hashingit.com] wrote: >> A damping-based design would seem like the obvious choice (I can think of a >> few variations on a theme here, but most are found in the realms of control >> theory

Re: [bitcoin-dev] Hardfork to fix difficulty drop algorithm

I think the biggest question here would be how would the difficulty retargeting be changed? Without seeing the algorithm proposal it's difficult to assess the impact that it would have, but my intuition is that this is likely to be problematic. Probabilistically the network sees surprisingly

Re: [bitcoin-dev] Fees and the block-finding process

On 7 Aug 2015, at 16:17, Ryan Butler via bitcoin-dev bitcoin-dev@lists.linuxfoundation.org wrote: A raspberry pie 2 node on reasonable Internet connection with a reasonable hard drive can run a node with 8 or 20mb blocks easily. I'm curious as I've not seen any data on this subject. How

Re: [bitcoin-dev] A Transaction Fee Market Exists Without a Block Size Limit--new research paper suggests

On 5 Aug 2015, at 15:15, Peter R pete...@gmx.com wrote: Hi Dave, Thank you for the feedback regarding my paper. The paper is nicely done, but I'm concerned that there's a real problem with equation 4. The orphan rate is not just a function of time; it's also a function of the

Re: [bitcoin-dev] A Transaction Fee Market Exists Without a Block Size Limit--new research paper suggests

On 4 Aug 2015, at 14:30, Gavin Andresen gavinandre...@gmail.com wrote: On Tue, Aug 4, 2015 at 2:41 PM, Dave Hudson via bitcoin-dev bitcoin-dev@lists.linuxfoundation.org mailto:bitcoin-dev@lists.linuxfoundation.org wrote: Fundamentally a block maker (pool or aggregation of pools) does

Re: [bitcoin-dev] A Transaction Fee Market Exists Without a Block Size Limit--new research paper suggests

The paper is nicely done, but I'm concerned that there's a real problem with equation 4. The orphan rate is not just a function of time; it's also a function of the block maker's proportion of the network hash rate. Fundamentally a block maker (pool or aggregation of pools) does not orphan its

Re: [bitcoin-dev] Răspuns: Personal opinion on the fee market from a worried local trader

On 30 Jul 2015, at 06:14, Tom Harding via bitcoin-dev bitcoin-dev@lists.linuxfoundation.org wrote: Another empirical fact also needs explaining. Why have average fees *as measured in BTC* risen during the times of highest public interest in bitcoin? This happened without block size