Transaction fee market without block size limit would lead to too low a level of security for Bitcoin: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2400519 …
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@NickSzabo4@jony_levin@TheBlueMatt relay net reduces block transfer time by reference to already received tx, avoids sending tx twice.
@adam3us @jony_levin @TheBlueMatt The problem must be awfully bad for an extremely bottlenecked TTP network to be the best solution.
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@NickSzabo4@jony_levin@TheBlueMatt Its a point to point bump in line compressor. Problem is security agnostic users cut corners, always. -
@adam3us@jony_levin@TheBlueMatt There's a serious problem in educating miners about security (use of Amazon EC instances another example).
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@NickSzabo4@adam3us@jony_levin hmm? Actually a hub and spoke network with optimized routing around the globe is damn near optional -
@TheBlueMatt@adam3us@jony_levin You mean "optimal"? Optimal for what?
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@nickszabo4@adam3us@jony_levin@thebluematt sendheaders p2p extension removes extra RTT for new block announce:https://github.com/bitcoin/bitcoin/pull/6494 … -
@roasbeef@NickSzabo4@adam3us@jony_levin We should optimize the p2p protocol more, but you cant win a latency race with a p2p network :(
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@nickszabo4@adam3us@jony_levin@thebluematt further optimizations to by had by adding p2pool-like behavior to p2p: https://botbot.me/freenode/bitcoin-wizards/2015-08-16/?msg=47368344&page=3 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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