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
@NickSzabo4@jony_levin@adam3us@TheBlueMatt FWIW, Coinscope paper by@socrates1024 is interesting (see part related to influential nodes)1 reply 0 retweets 0 likes -
Replying to @LaurentMT
@LaurentMT@jony_levin@adam3us@TheBlueMatt@socrates1024 Link to Coinscope paper?1 reply 0 retweets 1 like -
Replying to @NickSzabo4
@NickSzabo4@jony_levin@adam3us@TheBlueMatt@socrates1024 https://cs.umd.edu/projects/coinscope/coinscope.pdf …1 reply 0 retweets 3 likes -
Replying to @LaurentMT
@LaurentMT@NickSzabo4@jony_levin@adam3us@socrates1024 Indeed, the RN gives small miners access to those nodes without a ton of effort!2 replies 0 retweets 1 like -
Replying to @TheBlueMatt
@TheBlueMatt@LaurentMT@jony_levin@adam3us@socrates1024 And Mt. Gox gave users access to fiat/bitcoin exchange without a ton of effort.1 reply 0 retweets 1 like -
Replying to @NickSzabo4
@NickSzabo4@LaurentMT@jony_levin@adam3us@socrates1024 RN is still a backup: miners can, with some effort, get good results w/o it1 reply 0 retweets 1 like
@TheBlueMatt @LaurentMT @jony_levin @adam3us @socrates1024 You are selling as if they could safely come to depend on it, not as mere backup.
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Replying to @NickSzabo4
@NickSzabo4@LaurentMT@jony_levin@adam3us@socrates1024 ummmmm...Go read the website, or look at what miners do in practice?0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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