[Bitcoin-ml] Transaction mining priorities.

Erik Beijnoff erik.beijnoff at gmail.com
Wed Sep 20 18:46:32 UTC 2017

I find Tom Z´s suggestions for tx selection algorithms healthy and think it’s good that proposals of this kind are openly discussed. I wholeheartedly support inclusion of them in Classic and other client software that find them useful.

I see no reason to try to interpret miner behaviour, especially when the argumentation rests on shaky foundation. If miners find the suggestions useful they will include them in their operations. To do that they must be offered the possibility to do so.

Fun fact - when I see perfunctory references to game theory I usually stop reading from there onwards, disregarding everything that follows.

Fun fact 2 - John Nash was diagnosed as a paranoid schizophrenic. Although certain behaviour can be shown to be advantageous in some artificial and strictly controlled scenarios, care must be taken not to confuse those scenarios with the much more nuanced world in which we operate.

> On 20 Sep 2017, at 13:39, Erik Hedman via bitcoin-ml <bitcoin-ml at lists.linuxfoundation.org> wrote:
> When I first read Toms mail, I felt skeptical. I thought that once again
> is a developer trying to decide what miners should do which is a
> paternalistic view. After I've been thinking for a while, I have changed
> my mind.
> I was also having a paternalistic and prejudiced view on how miners
> think, when I thought that they were going after short term profit only.
> Miners are humans, they are diverse. Some mine for the short term
> profit, others for long term profit, others are also altruistic, or a
> mix of everything.
> Debating whether Toms idea is viable or not is a waste of time. Some
> miners will probably like it, others will not, how large these groups
> will be is impossible to know, but that doesn't matter, it gives an
> alternative to those who want it.
> Diversity is, in my view, good, so let's encourage that, even if you
> don't believe in it. Because none of us decides, or knows, what the
> market will adopt in the end.
> /e
> Den Ons 20 sep 2017 kl 18:26 skrev Tom Zander via bitcoin-ml:
>> On Wednesday, 20 September 2017 14:25:34 CEST Tier Nolan via bitcoin-ml 
>> wrote:
>>> Adding an altruism requirement adds another assumption.
>> Nobody is adding such a requirement.
>> -- 
>> Tom Zander
>> Blog: https://zander.github.io
>> Vlog: https://vimeo.com/channels/tomscryptochannel
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