On Thu, May 7, 2015 at 6:59 PM, Gavin Andresen <gavinandre...@gmail.com> wrote: > Fee dynamics seems to come up over and over again in these discussions, with > lots of talk and theorizing. > > I hope some data on what is happening with fees right now might help, so I > wrote another blog post (with graphs, which can't be done in a mailing list > post): > http://gavinandresen.ninja/the-myth-of-not-full-blocks > > We don’t need 100% full one megabyte blocks to start to learn about what is > likely to happen as transaction volume rises and/or the one megabyte block > size limit is raised.
Ok, the fact that the fee increases the probability of getting included faster already is a good thing, the graphs with the probability of getting included in the next block were less important to me. Although scarce space (beyond what miners chose to limit by themselves) would increase the fee competition, I didn't knew that there is actually some competition happening already. So I guess this diminishes the argument for maintaining the limits longer to observe the results of more scarce space. Still, I think maintaining a lower policy limit it's a good idea, even if we decide not to use it to observe that soon. For example, say we chose the 20 MB consensus limit, we can maintain the policy limit at 1 MB or move it to 2 MB, and slowly moving it up later as needed without requiring everyone to upgrade. Of course, not all miners have to follow the standard policy, but at least it's something. So please take this as a suggestion to improve your proposal. You can argue it like this "if we want to maintain the limits after the hardfork or increase them slowly, for observing fee dynamics with more scarce space or for any other reason, those limits can be partially enforced by the standard policy". I mean, I think that could be a reasonable compromise for that concrete line of arguments. ------------------------------------------------------------------------------ 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
