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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Replying to @NickSzabo4
@NickSzabo4@adam3us the relay network@TheBlueMatt and its effects havnt been studied2 replies 0 retweets 3 likes -
Replying to @jony_levin
@jony_levin@adam3us@TheBlueMatt If it hasn't been studied then why has it been deployed?3 replies 1 retweet 3 likes -
Replying to @NickSzabo4
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@NickSzabo4@jony_levin@TheBlueMatt relay net reduces block transfer time by reference to already received tx, avoids sending tx twice.3 replies 1 retweet 1 like -
Replying to @adam3us
@adam3us@jony_levin@TheBlueMatt The problem must be awfully bad for an extremely bottlenecked TTP network to be the best solution.4 replies 0 retweets 2 likes -
Replying to @NickSzabo4
@NickSzabo4@adam3us@jony_levin hmm? Actually a hub and spoke network with optimized routing around the globe is damn near optional2 replies 0 retweets 0 likes
@TheBlueMatt @adam3us @jony_levin You mean "optimal"? Optimal for what?
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