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Author Topic: Early Bitcoin Transaction Fees  (Read 183 times)
franky1
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June 06, 2023, 03:38:14 PM
Last edit: June 07, 2023, 07:29:16 AM by franky1
 #21

doomad

here is the thing
back in the days when "priority" was a thing. it was a consensus thing because those were the days of using the bitcoin node software to mine. thus the miner was also the bitcoin node software. thus miners did comply to priority policy

it was only when stratum software and CG miner and other software took over the block template creation + mining (pool mining began instead of solo) the process did become a separation of what rules a node had vs what a pool could mess around with

this THEN became the reason to remove it because there become a diversity between what was followed or not

however even with all that said.. core played politics (with sipa the reigning leader back then) that rewrote alot of code .. sipa was the main instigator that wanted it removed the most, pretending "the community"(pretending all the other big contributors wanted it removed and saying that no miner even uses the priority any more.. ) wanted it removed

but guess what. luke JR a big contributor to core AND also a mining pool owner didnt want it removed and did use priority in his mining pool(yep luke was a core contributor and a mining pool manager)

here read their debate
https://github.com/bitcoin/bitcoin/issues/9601
over all sipa ignored lukes request and just removed it anyway.. ignoring that luke was a miner that wanted it to remain(debunking sipas claims about miners) and also ignoring contributors objections (debunking sipas claims about core contributors)
yep sipa as the main coder of core in that era over rules what miners actually wanted and over ruled contributors objections and just decided to be an authoritarian and remove things using ignorance

..
yet again i see you are trying to say that bitcoin never had strict rules and people never followed things and everything was always broken or had bypasses.. rather than noting how things actually changed over the years.. and yet again you dont want to talk about who caused what and when..

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DooMAD
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June 06, 2023, 03:52:25 PM
 #22

doomad

here is the thing
back in the days when "priority" was a thing. it was a consensus thing because those were the days of using the bitcoin node software to mine. thus the miner was also the bitcoin node software. thus miners did comply to priority policy

it was only when stratum software and CG miner and other software took over the block template creation + mining (pool mining began instead of solo) the process did become a separation of what rules a node had vs what a pool could mess around with

this THEN became the reason to remove it because there become a diversity between what was followed or not

There is no point indulging your delusions any further.  High usage causes fees to rise.  This is how it works.  Be a deranged sociopath all you like, doesn't change the facts.  Bitcoin does not work how you would like it to.  This is a -YOU- problem.  Stop blaming everyone else for the fact that you don't understand Bitcoin.  You've had it wrong from day one, over a decade ago.  I don't think anyone else in this entire community has spent as much time being wrong as you have.  Again, you are a moron.

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franky1
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June 06, 2023, 04:12:24 PM
Last edit: June 07, 2023, 06:22:07 AM by franky1
 #23

high usage does not cause fee mania

the highest fee mania was caused by a couple idiots making only a couple transactions per block where everyone was left out of being accepted into the next block.. thus low usage caused people to pay more to try and get usage

also back in the era of the fee formulaes existence. the blocks were only 25% full.
yep you can actually check.. (average block size) . heck there was even a bug where when block finally reached 50% full in 2013 it hit a DB bug that caused a fork. so yea blocks were never full back then. they didnt even get to 0.5mb until 2013... have a nice day learning.. (something you fail at and yet block data can show what actually happened, unlike YOU)

so that was another practical reason not to need it. even though it would have been more useful now blocks are now more full (whether full due to large tx count or low txcount but bloated junk)..

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
crwth
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June 06, 2023, 11:32:15 PM
 #24

Here is the transaction made by laszlo for buying two pizzas.
a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d
As you see, laszlo paid 0.99 BTC as transaction fee.
It's good that you can see the amount it was transacted at that time. If you were to see it now, you would probably be sad or something right now. Sad That's going to be a hard pill to swallow, but you paid the price for it. Definitely famous because of it.

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