Jeff Garzik [ARCHIVE] on Nostr: š Original date posted:2015-07-22 š Original message:Addendum: Please do not ...
š
Original date posted:2015-07-22
š Original message:Addendum:
Please do not interpret - as many have - my points as advocating against
letting a fee market ever develop(!).
Fees are useful against DoS, increasing cost of attack etc. Further,
continuing the artificially-low fee policy ad infinitum is unsustainable
and constitutes a moral hazard.
Examine from the user's point of view. If you want to develop a fee
market, think it through in the context of user expectation/experience -
which translates to how software is written and users behave, the context
of market disruption, and the context of further block size increases.
Transition to a new economic policy should be planned. It should give
users and markets time to adjust.
It is grossly irresponsible to simply drop users into a new economic policy
with no warning and no preparation.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150722/a2a73eea/attachment.html>;
š Original message:Addendum:
Please do not interpret - as many have - my points as advocating against
letting a fee market ever develop(!).
Fees are useful against DoS, increasing cost of attack etc. Further,
continuing the artificially-low fee policy ad infinitum is unsustainable
and constitutes a moral hazard.
Examine from the user's point of view. If you want to develop a fee
market, think it through in the context of user expectation/experience -
which translates to how software is written and users behave, the context
of market disruption, and the context of further block size increases.
Transition to a new economic policy should be planned. It should give
users and markets time to adjust.
It is grossly irresponsible to simply drop users into a new economic policy
with no warning and no preparation.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150722/a2a73eea/attachment.html>;