rich1.0npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2https://nostr.ae/npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2njumphttps://nostr.ae📅 Original date posted:2015-06-27 📝 Original message:On Sat, Jun 27, 2015 at 07:26:00PM +0200, Benjamin wrote: > "Thus we have a fixed capacity system where access is mediated by supply > and demand transaction fees." > > There is no supply and demand. That would mean users would be able to adapt > fees and get different quality of service depending on current capacity. > For example if peak load is 10x average load, then at those times fees > would be higher and users would delay transactions to smooth out demand. That's exactly how Bitcoin works already. See my article on how transaction fees work for more details: https://gist.github.com/petertodd/8e87c782bdf342ef18fb -- 'peter'[:-1]@petertodd.org 0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24 -------------- next part -------------- A non-text attachment was scrubbed... Name: signature.asc Type: application/pgp-signature Size: 650 bytes Desc: Digital signature URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150627/d3b5043c/attachment-0001.sig>