sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<gmaxwell>
maaku: minor enhancement to your monopolistc price softforks, let hte miner include whatever txn they want, and set the price to whatever they want... then all fees over that price must be rebated per your proposal, and all under must be paid by the miner.. I think this would make certian activities people could do anyways much more efficient.
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<maaku>
I'm not sure how that's different...?
<maaku>
The miner would still have to credit/pay as if they had set the price to the minimum
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<maaku>
Or else we're talking about something quite different
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<Taek>
oh that's really interesting
<Taek>
gmaxwell: how does that interact with out-of-band fees? Seems to me at first glance like it does a lot to discourage them
<Taek>
b/c if you pay oob fees, you can't get any rebate for them.
<Taek>
and, the miner has to expose that they are collecting oob fees b/c they'll need to supplement the low-fee on-chain txn to get them into the block
<gmaxwell>
well the monopoly pricing create a distinctive equlibrium where large miners should prefer to take _all_ fees out of band.
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<gmaxwell>
The intent of my proposed change would be to eliminate the all or nothing, which indeed make it more clear.