Dave Scotese [ARCHIVE] on Nostr: π Original date posted:2015-09-12 π Original message:> > From the Bitcoin wiki ...
π
Original date posted:2015-09-12
π Original message:>
> From the Bitcoin wiki page on transaction fees
> <https://en.bitcoin.it/wiki/Transaction_fees#Technical_info>:
>
> Transaction priority is calculated as a value-weighted sum of input age,
> divided by transaction size in bytes: priority =
> sum(input_value_in_base_units * input_age)/size_in_bytes
>
If I read that correctly, that is directly proportional to BTCDD, so
whatever effect concerns you has already been built into the code.
On Fri, Sep 11, 2015 at 3:21 PM, Vincent Truong <
vincent.truong at procabiak.com> wrote:
> Would this alter the way txns will be prioritised in order to try to win?
> You would always pick txns with the best BTCDD to maximize your chances of
> being the block to build on.
>
> I see this as potentially being a bad outcome for bitcoin's fungibility.
>
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π Original message:>
> From the Bitcoin wiki page on transaction fees
> <https://en.bitcoin.it/wiki/Transaction_fees#Technical_info>:
>
> Transaction priority is calculated as a value-weighted sum of input age,
> divided by transaction size in bytes: priority =
> sum(input_value_in_base_units * input_age)/size_in_bytes
>
If I read that correctly, that is directly proportional to BTCDD, so
whatever effect concerns you has already been built into the code.
On Fri, Sep 11, 2015 at 3:21 PM, Vincent Truong <
vincent.truong at procabiak.com> wrote:
> Would this alter the way txns will be prioritised in order to try to win?
> You would always pick txns with the best BTCDD to maximize your chances of
> being the block to build on.
>
> I see this as potentially being a bad outcome for bitcoin's fungibility.
>
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