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FluidFluxation's profile
Will 🗣️ 🌐
Will 🗣️ 🌐
Will  🗣️  🌐
@FluidFluxation

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Will  🗣️  🌐

@FluidFluxation

$I am‽ Generalist. Theorycraft.

Here, Now, Probably
Joined April 2011

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    1. Udi Wertheimer  🔨 [#reckless]‏ @udiWertheimer Jun 28

      Udi Wertheimer  🔨 [#reckless] Retweeted Udi Wertheimer  🔨 [#reckless]

      How to cryptographically prove that a miner is full of shithttps://twitter.com/udiwertheimer/status/1012244312212504576 …

      Udi Wertheimer  🔨 [#reckless] added,

      Udi Wertheimer  🔨 [#reckless] @udiWertheimer
      Replying to @JihanWu
      Who’s paying *dollars* on Bitcoin transaction fees Jihan? You know, if this really happens, and if you care about them so much, you can just do a refund transaction that PAYS THEM BACK 99% of the fee. Blocks are mostly empty, shouldn’t be a problem for you.
      2 replies 2 retweets 13 likes
    2. Will  🗣️  🌐‏ @FluidFluxation Jun 28
      Replying to @udiWertheimer

      Has anyone formally proposed or built a model for a block producers/miner to route tx fees back to originators? Even if feasible, why? Incentives beyond temporary vanity philanthropy/marketing? This is a weak shot at the most disruptive and least "full of shit" miner to date.

      2 replies 0 retweets 0 likes
    3. Udi Wertheimer  🔨 [#reckless]‏ @udiWertheimer Jun 28
      Replying to @FluidFluxation

      There’s nothing to propose. For most transactions it’s easy to find out who was the sender. Just send the fees back in a new transaction. When blocks are full, this isn’t feasible and it breaks the market too. But when they’re mostly empty they can be safely refunded

      1 reply 0 retweets 0 likes
      Will  🗣️  🌐‏ @FluidFluxation Jun 28
      Replying to @udiWertheimer

      It's not easy to find out for most transactions. Given that a significant aspect of the crypto investors facilite custody through exchanges, this would require major in house solutions. Many don't (& shouldn't) reuse address space. This initiative has so many holes.

      1:18 AM - 28 Jun 2018
      3 replies 0 retweets 0 likes
        1. Udi Wertheimer  🔨 [#reckless]‏ @udiWertheimer Jun 28
          Replying to @FluidFluxation

          Udi Wertheimer  🔨 [#reckless] Retweeted Udi Wertheimer  🔨 [#reckless]

          He’s not talking about crypto investors, he’s talking about “low income” people who receive BTC payments from Purse. It’s very easy to find them.https://twitter.com/udiwertheimer/status/1012249513518682112 …

          Udi Wertheimer  🔨 [#reckless] added,

          Udi Wertheimer  🔨 [#reckless] @udiWertheimer
          Replying to @killerstorm @JihanWu
          Actually, there’s more: the “low income” people getting the BTC payment on @PurseIO do a withdrawal from Purse. If they’re being overcharged with transaction fees as @JihanWu claims, it’s Purse’s fault (a bitmain-supported company!)
          0 replies 0 retweets 1 like
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        1. Will  🗣️  🌐‏ @FluidFluxation Jun 28
          Replying to @FluidFluxation @udiWertheimer

          Facilitate*

          0 replies 0 retweets 0 likes
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        1. Will  🗣️  🌐‏ @FluidFluxation Jun 28
          Replying to @FluidFluxation @udiWertheimer

          Hence needing a seriously researched and vetted proposal before acting in a way that is contrary to the underlying incentive model propogating the system.

          0 replies 0 retweets 0 likes
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