inca
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January 25, 2016, 10:40:23 PM |
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Top of trading range and breaking out, or heading down again?  |
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CuntChocula
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January 25, 2016, 10:50:52 PM |
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...
Have the reasons that satoshi imposed the quota become invalid over time?
Other than the growing number of legitimate transactions? Has a solution been found that I'm unaware of?
Sure. Bigger blocks. |
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Andre#
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January 25, 2016, 10:52:34 PM |
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In the EU, farmers are often getting paid to destroy their production if it exceeds specified quotas. Whether it is milk, cotton, peaches or grapes => they'll end up in some landfill. There are even subsidies to cut down trees, kill your animals etc. https://en.wikipedia.org/wiki/Common_Agricultural_PolicyProduction quotas and 'set-aside' payments were introduced in an effort to prevent overproduction of some foods (for example, milk, grain, wine) that attracted subsidies well in excess of market prices. The need to store and dispose of excess produce was wasteful of resources and brought the CAP into disrepute. A secondary market evolved, especially in the sale of milk quotas, while some farmers made imaginative use of 'set-aside', for example, setting aside land that was difficult to farm. So what exactly do you find so appealing about the current blockspace production quota? Do you think miners need income protection like the EU diary farmers did? The EU has abolished the milk quota. Will Core abolish the blockspace quota? Have the reasons that satoshi imposed the quota become invalid over time? Has a solution been found that I'm unaware of? Or is it just because "we are approaching the limit"? No. No. Yes. I have not yet seen a single cryptocurrency that hasn't resorted to dev intervention under circumstances of bloat/flood attack. Whether it is about fees or block size, something has to give in order to stop it or restrain it.
Which flood attack? The couple of "stress tests" that we had last year? Near-zero to zero fee txs equals near-zero to zero fee attacks. Attacks which do not have serious economic disincentives betray a broken underlying game theory.
If that's a problem, a minimum fee should be introduced. Let's hope, once we get to 2mb, miners will be more selective with the trash txs.
Will only happen once the subsidy is the same order of magnitude as the sum of fees in a block. As long as the subsidy is very high, you are left to chose from (1) hugely increasing the number of tx or (2) hugely increasing tx fees. For neither there's any demand now. |
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ChartBuddy
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January 25, 2016, 11:01:35 PM |
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ChartBuddy
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January 26, 2016, 12:01:32 AM |
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BlindMayorBitcorn
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January 26, 2016, 12:03:48 AM |
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Top of trading range and breaking out, or heading down again? Yep. |
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Hyperjacked
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It's all mathematics...!
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January 26, 2016, 12:07:18 AM |
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Top of trading range and breaking out, or heading down again? Guess you could say I'm back in bull mode...maybe I'm wrong but I see something that often happens in the charts before a slow steady rise than another spike higher... Disclaimer:I had a couple gin n tonics...  |
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suda123
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January 26, 2016, 12:42:05 AM |
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Top of trading range and breaking out, or heading down again? Guess you could say I'm back in bull mode...maybe I'm wrong but I see something that often happens in the charts before a slow steady rise than another spike higher... Disclaimer:I had a couple gin n tonics... bull mode? are you hyper jacked  |
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ChartBuddy
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January 26, 2016, 01:01:33 AM |
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peonminer
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January 26, 2016, 01:50:12 AM |
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Mother fuckin rockets and trains and shit.gif
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ChartBuddy
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January 26, 2016, 02:01:38 AM |
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PoolMinor
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XXXVII Fnord is toast without bread
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January 26, 2016, 02:45:11 AM |
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Mother fuckin rockets and trains and shit.gif
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ChartBuddy
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January 26, 2016, 03:01:40 AM |
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BlindMayorBitcorn
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January 26, 2016, 03:03:27 AM |
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Ok. So let me get this straight.
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ChartBuddy
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January 26, 2016, 04:01:45 AM |
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ChartBuddy
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January 26, 2016, 05:01:52 AM |
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ChartBuddy
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January 26, 2016, 06:02:09 AM |
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ChartBuddy
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January 26, 2016, 07:01:35 AM |
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QuestionAuthority
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You lead and I'll watch you walk away.
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January 26, 2016, 07:30:37 AM |
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ChartBuddy
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January 26, 2016, 08:01:35 AM |
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