also when using the 1.8x in combination with the average tx size brings out the 7200tx a block everyone is throwing around as segwits promise..
Is that the median tx size you mean here?
Average is (you calculated) over 500 byte.
its the AVERAGE lol
as explained
then others say that the average is 500bytes but core will eventually allow 2mb in 2017
1mb block = 2000tx so 1mb segwit would be 3600tx(2000*1.8 ) and 2mb segwit 7200
Yeah, "others (you and me) say"
average 500 byte.
But segwit supporters say "1.8x in combination with the
average "median" tx size brings out the 7200tx..."
They wouldn't say "
average" in this context would they?, as according to your own (seemingly correct guesstimates) that would be a
lie confusion on their part.
Sorry, I'm not trying to be an idiot. It is important (to me) as who is claiming what, and why median is used.
I will reread!
As you know I have asked Greg if he knows the
average tx size, and why the median, not average tx size, is such a great fee size indicator.
Still waiting.
Even 21.co seem a bit flummoxed.
edited