I mean new fees keep being paid on new tx, but for any one tx there is one fee which is chosen and attached by the sender.

You can figure this out with trial and error anyway. It would just be a convenience for regular people. He doesn't need to show his entire assets, only what is currently available.

I'm constantly amazed by how well built Bitcoin is in terms of providing incentive for right behavior by nodes. Eg. you don't build off a bad block not because you are honest but because others won't build off of yours and you will never get your reward paid. Or how new block finders have incentive to share as quickly as possible.

It occurred to me that when two versions of the same block are found near the same time miners are ambivalent about which to work from and arbitrarily choose to continue to work from the first that they received. But the finder of each version has a large desire for his block to be chosen. If he could offer a small extra reward for building off of his block then this would be in his interest.

I think there is a way to do this, I don't know for sure if it works or if it is the best way.

Make a new address.
Pay desired amount to this address, but do not announce the tx, put it only in your version.
Make a payment from this address that has a fee attached.
This fee can only be collected by a miner if they work off of your block because otherwise the address will be empty.

If this works or if someone knows a way that does I think it has some very exciting implications which I will elaborate on.

Sure, I was just pointing out that it would likely be more than one person. I totally get that we will find ways to solve problems that arise.

It is not sacrifice to give what you want to give.

Maybe you are missing the fact that the transaction fees are completely know when the block is solved? There is no recurring fee or anything.

Maybe you are thinking of paying a miner now for, say, the first block they find after block 220k or something? Essentially making a bet on the fee activity in the future? Probably the best way to make this bet would be to buy or contract for mining equipment.

Eh, I guess there are two ways you might try to do this. First the impossible way: You take his valid block and replace his address with yours so you can receive the reward instead of him; this fails because changing that will change the hash of the block and it won't be valid anymore. Second he could send you the private key that goes with the public key that is being assigned the reward. You will not be sure that he doesn't retain a copy of the key so you should spend the coins to a new address of your own. But if you are going to do this then you might as well let him get the coins and send them to your new address himself.

Maybe I'm missing your point, but I don't think there's any reason to try any of this.

Whenever any coins at an address are used they must all be used. Since you want to be able to send any amount this is handled by sending some of the coins to your intended recipient and some back to a new address of your own. This would mean 1 input and two outputs. But sometimes you don't have enough to make the payment with just one of your addresses so you have to combine 2 or more inputs to make the payment. So really any transaction can have any number of inputs and outputs, but usually only 2 outputs. I think making >2 outputs easier is the goal of the recently implemented sendmany function.

Maybe you could sell "The right to buy a 1oz GAE for bitcoins at the spot price using MtGox weighted daily price on"

I think this would essentially let people bid on the premium. It is not an 'option' because it isn't the right to buy at some in or out of the money point. It's just the right to get it at whatever that days spot is. It would be silly for someone to win, pay the premium, and not buy the whole coin. And if they do, you still get the premium and can sell the coin again.

That might not be the clearest way to explain, and you would want much clarity since it's an odd thing. You'll probably get people thinking they are getting the coin for just the price of the premium, lol.

It's kind of silly to say that miners who sell bitcoins aren't giving anything back. When they sell coins they are giving the best version of money I've ever heard of and getting crappy old dollars in return.

Is Bitcoin only a ponzi if it fails? Is every currency system a ponzi or become one after it falls?

People will not get used to having only a few, they will strenuously try to get more inadvertently providing wide and powerful backing for them.

Lol. I'm going to make brokenbottleofpeanutoilforbitcoins.com and anonymousbuttplugsforpoliticians.com right now.

Some miners will probably be programed to fill blocks with tx in order of fee size, and include free tx only if there is extra room. Maybe the backlog will be hours, days, years, infinity, but if it ever gets cleared it will probably be when fewer new tx with fees are coming as opposed to when the most are coming in.

No, "inconsistent" blocks are rejected by all honest blocks no matter how much power an attacker has. What power allows you to do is right a new consistent chain that doesn't contain a payment that you previously made. People will know afterwards, but presumably the attacker will have already gotten his merchandise or whatever.


I don't understand. Do you think there is too much or too little incentive to get in early as Bitcoin is now?

Any difficulty rise that happens due to Moore's law won't affect miners generally, the will need to do more hashes/payday, but they will also have the advantage of being able to hash faster.

Bitcoin with no changes will eventually do this.


Off peak hours are when free/low fee tx will get in.

If there is some way to tell when it is necessary then I'm all ears.


I think it's pretty smooth, but this will end eventually anyway.

edit: Bitcoin is pretty freaking clever imo

I think he's already seen all the porn on the net and wants more :-)

The block finder provides the timestamp? I remember hearing about some rough restrictions on acceptable times relative to other blocks. Is there enough play to allow exploitation by a miner who preferred difficulty to be a little lower.

Bitcoin has lots of money supply inflation now, but that will slow and then stop. It could have price inflation if new coins were not met by new users or increased use.

Deflation fear mongering is beyond retarded. OMG I'm going to be richer tomorrow, nooooo. Economies don't grow because people buy and use shit; economies grow because people make more than they use. Jesus, this would be Econ 001 in a sane world. Guess what, people close to the fucking spigot lie to you.  

How the %$&^ could it be better for people who work for money to have their money lose value instead of gain it?

What am I going to do with all this damn gold! Pfft, I guess I'll just trade it for dollars, lame.