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Author Topic: what about optional degressive fees?  (Read 423 times)
Borilla
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November 24, 2017, 11:58:34 PM
 #1

Just to try to propose something more sustainable after criticizing the dynamic of the fee system here https://bitcointalk.org/index.php?topic=2446054.0

Optional degressive fees (as a function of block number or time): The person making a transaction choose few fee values, each with a different "life time". They are included in the transaction. When life time has passed its fee would be returned to the payer. So if he's in a hurry he would choose a high fee with a 1 block life time (or 10 minutes) , maybe an other fee with 2 blocks life time, and a 3rd fee with infinite life time. Maybe all options should have a total fee degressive in time, even if the payer doesn't care about time.

I think it would requilibrate the incentives. Even if it's not the solution it could be easily implemented and be helpfull.
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aleksej996
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November 25, 2017, 12:14:38 PM
 #2

It seems to me like you are proposing something like a reverse locktime. I guess it can be called unlock time.
This could be done via a soft fork as it is just adding an OP code for the transaction script.
It would be a neat operation to have in Bitcoin scripts.

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Borilla
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November 25, 2017, 06:40:39 PM
 #3

It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)
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November 26, 2017, 06:32:07 PM
 #4

It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)

Oh no, it was clear. I am just saying that it would make more sense to add the whole OP code as a soft fork then to do a hard fork to make it only for the fees.
This way we wouldn't have to do a hard fork and would get a new feature.

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Borilla
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November 27, 2017, 11:00:08 AM
 #5

It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)

Oh no, it was clear. I am just saying that it would make more sense to add the whole OP code as a soft fork then to do a hard fork to make it only for the fees.
This way we wouldn't have to do a hard fork and would get a new feature.

We could leave  the code with the maximum freedom/options for the users. No need for a hard fork. No?
aleksej996
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November 27, 2017, 07:48:15 PM
 #6

It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)

Oh no, it was clear. I am just saying that it would make more sense to add the whole OP code as a soft fork then to do a hard fork to make it only for the fees.
This way we wouldn't have to do a hard fork and would get a new feature.

We could leave  the code with the maximum freedom/options for the users. No need for a hard fork. No?

Yes, this would require a soft fork tho. Soft forks are different then hard forks as they allow people to use the old software that is compatible with the new, but is just lacking a certain feature. This would be one of those features.

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Spendulus
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November 27, 2017, 09:21:46 PM
 #7

It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)

Oh no, it was clear. I am just saying that it would make more sense to add the whole OP code as a soft fork then to do a hard fork to make it only for the fees.
This way we wouldn't have to do a hard fork and would get a new feature.

We could leave  the code with the maximum freedom/options for the users. No need for a hard fork. No?

Yes, this would require a soft fork tho. Soft forks are different then hard forks as they allow people to use the old software that is compatible with the new, but is just lacking a certain feature. This would be one of those features.

Although a hard capitalist some vicious side of my nature calls for a negative fee for some of these miners....

Wink
Borilla
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November 27, 2017, 10:21:32 PM
 #8

It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)

Oh no, it was clear. I am just saying that it would make more sense to add the whole OP code as a soft fork then to do a hard fork to make it only for the fees.
This way we wouldn't have to do a hard fork and would get a new feature.

We could leave  the code with the maximum freedom/options for the users. No need for a hard fork. No?


Yes, this would require a soft fork tho. Soft forks are different then hard forks as they allow people to use the old software that is compatible with the new, but is just lacking a certain feature. This would be one of those features.

Although a hard capitalist some vicious side of my nature calls for a negative fee for some of these miners....

Wink

you mean negative fees for exploited users paid by oppressor miners fees

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