{"type":"rich","version":"1.0","author_name":"npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u","author_url":"https://nostr.ae/npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-05-10\n📝 Original message:Micropayment channels are not pie in the sky proposals. They work today on\nBitcoin as it is deployed without any changes. People just need to start\nusing them.\nOn May 10, 2015 11:03, \"Owen Gunden\" \u003cogunden at phauna.org\u003e wrote:\n\n\u003e On 05/08/2015 11:36 PM, Gregory Maxwell wrote:\n\u003e \u003e Another related point which has been tendered before but seems to have\n\u003e \u003e been ignored is that changing how the size limit is computed can help\n\u003e \u003e better align incentives and thus reduce risk.  E.g. a major cost to the\n\u003e \u003e network is the UTXO impact of transactions, but since the limit is blind\n\u003e \u003e to UTXO impact a miner would gain less income if substantially factoring\n\u003e \u003e UTXO impact into its fee calculations; and without fee impact users have\n\u003e \u003e little reason to optimize their UTXO behavior.\n\u003e\n\u003e Along the lines of aligning incentives with a diversity of costs to a\n\u003e variety of network participants, I am curious about reactions to Justus'\n\u003e general approach:\n\u003e\n\u003e\n\u003e http://bitcoinism.liberty.me/2015/02/09/economic-fallacies-and-the-block-size-limit-part-2-price-discovery/\n\u003e\n\u003e I realize it relies on pie-in-the-sky ideas like micropayment channels,\n\u003e but I wonder if it's a worthy long-term ideal direction for this stuff.\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e One dashboard for servers and applications across Physical-Virtual-Cloud\n\u003e Widest out-of-the-box monitoring support with 50+ applications\n\u003e Performance metrics, stats and reports that give you Actionable Insights\n\u003e Deep dive visibility with transaction tracing using APM Insight.\n\u003e http://ad.doubleclick.net/ddm/clk/290420510;117567292;y\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150510/531fe7c2/attachment.html\u003e"}