Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

lower fees, but still no return of free transactions? core recently removed support for free transactions even though satoshi stated [1] clearly that free transactions should always be allowed.

[1] https://bitcointalk.org/index.php?topic=994.msg12168#msg1216...

Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

#5

Post by deftnerd » Thu, Jul 14, 2016, 2:48 AM UTC

This is from the same company that has seized control of the development of the main Bitcoin codebase and has been making changes to cause problems that their Lightning Network claims to solve.

Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

#6

Post by jrcii » Thu, Jul 14, 2016, 3:37 AM UTC

nofollow wrote: post #4

lower fees, but still no return of free transactions? core recently removed support for free transactions even though satoshi stated [1] clearly that free transactions should always be allowed. [1] https://bitcointalk.org/index.php?topic=994.msg12168#msg1216...

Too bad satoshi ain't in charge no more. I'll give you ten seconds to get your ugly, yella, no-good keister off my property...

Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

#7

Post by realraghavgupta » Thu, Jul 14, 2016, 3:53 AM UTC

Nothing special / news here. I would also like to have limited free transactions per block allowed.

Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

#8

Post by RustyRussell » Thu, Jul 14, 2016, 4:00 AM UTC

deftnerd wrote: post #5

This is from the same company that has seized control of the development of the main Bitcoin codebase and has been making changes to cause problems that their Lightning Network claims to solve.

Your comment seems like a cheap poke at Blockstream, who have nothing to do with the lightning paper authors.

(I work for Blockstream, and I am also trying to implement and standardize lightning. But we certainly didn't invent it, and this isn't our page)

Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

#9

Post by RustyRussell » Thu, Jul 14, 2016, 4:02 AM UTC

nofollow wrote: post #4

lower fees, but still no return of free transactions? core recently removed support for free transactions even though satoshi stated [1] clearly that free transactions should always be allowed. [1] https://bitcointalk.org/index.php?topic=994.msg12168#msg1216...

Miners can accept free transactions if they want, and some do. That seems unlikely in the long term as fees replace subsidy as the economic driver, though.

Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions

#10

Post by gruez » Thu, Jul 14, 2016, 4:04 AM UTC

nofollow wrote: post #4

lower fees, but still no return of free transactions? core recently removed support for free transactions even though satoshi stated [1] clearly that free transactions should always be allowed. [1] https://bitcointalk.org/index.php?topic=994.msg12168#msg1216...

>core recently removed support for free transactions even though satoshi stated clearly that free transactions should always be allowed.

Free transactions right now have essentially zero chance of going through, so it makes sense that they're removing it, since it would prevent users from creating transactions that will never confirm. I'm not disputing satoshi's point, but given the current network conditions, the change makes sense.