Re: [bitcoin-dev] BIP-21 amendment proposal: -no125

2017-12-23 Thread Paul Iverson via bitcoin-dev
Allowing a "no-RBF" flag serves only to fool new users into believing that 0-conf is more secure than it is. There is already too much confusion about this point. In Bitcoin was assume that miners are profit-maximizing agents, and so we must assume that (flag or not) miners will replace

Re: [bitcoin-dev] Total fees have almost crossed the block reward

2017-12-21 Thread Paul Iverson via bitcoin-dev
I agree with Greg. What is happening is a cause for celebration: it is the manifestation of our long-desired fee market in action. That people are willing to pay upwards of $100 per transaction shows the huge demand to transact on the world's most secure ledger. This is what success looks like,

Re: [bitcoin-dev] Hard fork proposal from last week's meeting

2017-03-28 Thread Paul Iverson via bitcoin-dev
Thank you for the proposal Wang Chung! It is clear that, spam aside, blocks are getting full and we need increase them soon. What I don't like about your proposal is it forces all node operators to implicitly accept larger blocks in 2020, even maybe against their will. 32 MB blocks might result