[Bitcoin-ml] Transaction mining priorities.

[Tomas]

Sure. I am not proposing to relay and include everything. I didn't write
that.

But I believe a policy based on a single "priority formula" is neither
transparent not useful. 

Consider this: If you add coinage to the general formula, does this also
mean wallets should calculate their fee estimation on coin age? I think
that makes sense for neither miners nor users. Coinage is only relevant
for 0-fee.

Some miners say: I want to include at most 5kb of free transactions with
min coinage X, where other miners say I reject all free transactions.

Having a complicated priority calculation and a minimum priority/max
size as only tool is much less useful, than actually configuring such
policy.

Tomas

On Thu, Sep 21, 2017, at 11:32, Tom Zander via bitcoin-ml wrote:
> On Thursday, 21 September 2017 11:13:52 CEST Tomas via bitcoin-ml wrote:
> > The term priority is used in this thread but it isn't really relevant if
> > blocks aren't full, and I believe we will raise the blocksize in time to
> > prevent it from ever happening.
> 
> That would be nice, but that idea is not realistic.
> If this were the case then the “backup my harddrive to the blockchain” 
> scenarios would become reality, and that just doesn’t make any sense.
> 
> Remember, with the large number of ABC nodes on the Cash network, we
> can’t 
> relay and mine zero-fee transactions. But we used to have such
> transactions 
> and we want to get back to that.
> 
> As such we need a bit of blocksize pressure, to avoid people coming to
> the 
> conclusion that they can use the Bitcoin Cash chain for everything they 
> want. Remember that huge thread about DNS entries on the blockchain and 
> Satoshi stating that the blockchain is a generic database for all things.
> He was right, and we must keep that warning in mind.
> 
> The priorities in the OP mail are relevant to avoid such a set up from
> being 
> easy to spam and denying service to normal customers.
> -- 
> Tom Zander
> Blog: https://zander.github.io
> Vlog: https://vimeo.com/channels/tomscryptochannel
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