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 92 2015-11-10T02:37:57  <tulip> lclc: no, it uses a more complex solver.
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202 2015-11-10T07:32:04  <sturles> When mempool trimming has started, will mempoolminfee ever go back to zero, or will only a restart fix that?  Mempool trimming is completely broken for free transactions.
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205 2015-11-10T07:43:14  <phantomcircuit> sturles, high priority will not get you free transactions pretty soon anyways
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211 2015-11-10T07:51:08  <sturles> Why?  It works fine as long as the priority is high enough.
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214 2015-11-10T07:51:47  <sturles> Some pools even reserve half the block for high priority transactions.
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217 2015-11-10T07:53:49  <dcousens> I often forget how awesome unix pipes are
218 2015-11-10T07:54:17  <dcousens> Just saved my self writing a tonne of stream code for analyzing some blk data by just using `cat blk* | ./analyze` instead
219 2015-11-10T07:54:37  <sturles> phantomcircuit: Try running this with a non-trimmed mempool, and see how it changes when a block is found: watch -n 60 "bitcoin-cli getrawmempool true | awk '{if (/currentpriority/) pri = \$2; if (/descendantfees/) fee = \$2; if (/\]/) pf[pri] = fee;}END{for (p in pf) if(pf[p] == 0) print p;}' | sort -n | tail -n 40"
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250 2015-11-10T09:01:34  <phantomcircuit> sturles, there's really no useful way to do the mempool limiting unless it's fee based only
251 2015-11-10T09:08:19  <sturles> Of course there is.
252 2015-11-10T09:08:30  <sturles> You could make it priority + fee based.
253 2015-11-10T09:09:05  <sturles> Like it is now, Bitcoin Core will trim away transactions which will be included in the next block if mining with the default settings.
254 2015-11-10T09:09:47  <sturles> The current version prioritize spam.
255 2015-11-10T09:10:35  <sturles> Low fee high priority less spammy transactions will get evicted before paying spam.  Which is ufortunate.
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271 2015-11-10T09:56:19  <phantomcircuit> sturles, the current algorithm is hugely slow and inefficient
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275 2015-11-10T10:03:09  <sturles> The current fee based algorithm?
276 2015-11-10T10:03:56  <sturles> Should probably replace it then.
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278 2015-11-10T10:05:39  <phantomcircuit> sturles, no... the current released fee + priority based one
279 2015-11-10T10:05:48  <phantomcircuit> there's basically no reasonable way to implement both
280 2015-11-10T10:05:58  <phantomcircuit> as priority is recalculated for each new block
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282 2015-11-10T10:07:02  <phantomcircuit> the algorithm in master is actually very fast
283 2015-11-10T10:07:19  <sturles> Ehm.  The current mempool trimming is 100% fee based.  Priority is not taken into account.  It will treat spam and other transaction equally based on fee alone.
284 2015-11-10T10:07:46  <sturles> See e.g. https://github.com/bitcoin/bitcoin/issues/6972
285 2015-11-10T10:08:02  <phantomcircuit> sturles, s/current/released/ i guess?
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287 2015-11-10T10:08:19  <phantomcircuit> the entire concept of priority is flawed
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290 2015-11-10T10:08:40  <sturles> Only if yur goal is to promote spam.
291 2015-11-10T10:08:43  <phantomcircuit> the security of the system is based entirely on miners acting in their own economic best interest
292 2015-11-10T10:08:52  <phantomcircuit> priority is the opposite of that
293 2015-11-10T10:08:59  <dcousens> sturles: only if you align yourself with the idea that the monetary incentive is the only one that counts
294 2015-11-10T10:09:28  <dcousens> I'd argue miners could align with a priority for a network stability based interest, however, that is entirely altruistic
295 2015-11-10T10:09:33  <sturles> Nope.  It should be in the miners best interest to allow normal transactions through and delay spam.
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297 2015-11-10T10:09:58  <dcousens> sturles: why?
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299 2015-11-10T10:10:24  <sturles> It is in no miners interest to prioritize spam over normal usage.  Because the only spammers will use bitcoin, and their block reward will become worthless.
300 2015-11-10T10:10:43  <dcousens> sturles: right, altruistic
301 2015-11-10T10:11:19  <sturles> Relying on fee alone is tragedy of the commons.
302 2015-11-10T10:11:41  <sturles> Which is why most miners don't.
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304 2015-11-10T10:12:50  <sturles> Most miners will gladly offer 0.05% of their possible income to make regular transactions work better.
305 2015-11-10T10:13:32  <sturles> Because smoother operation lead to better adoption which lead to better income.
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309 2015-11-10T10:18:27  <evoskuil> Fee reliance is not a commons tragedy. There is no applicable commons metaphor to bitcoin, or any other free market.
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311 2015-11-10T10:18:48  <sturles> Compare the total block reward including fees for an average block mined by e.g. Bitminter (reserves 50% for high priority tx) to one of the Chineese pools which reserve very little.  See if there is any difference at all.
312 2015-11-10T10:19:20  <sturles> There is basically no economic incentive in promoting paid spam over high priority transactions.
313 2015-11-10T10:19:40  <sturles> Not even if your horizon is just one block ahead.
314 2015-11-10T10:19:50  <evoskuil> if it's paid its not spam, it's money
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317 2015-11-10T10:22:04  <sturles> By what definition?  Wikipedia says you are wrong.
318 2015-11-10T10:22:20  <sturles> If I pay someone to send spam for me, it is still spam.
319 2015-11-10T10:24:04  <evoskuil> Says who, the spam police?
320 2015-11-10T10:25:38  <sturles> The dictionary.  Spam isn't illegal, just asocial.
321 2015-11-10T10:26:06  <evoskuil> Well then let's set up a red list and block it all.
322 2015-11-10T10:26:52  <sturles> evoskuil: Please do if it will take your mind of this absolutely pointless quarreling.
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324 2015-11-10T10:29:00  <dcousens> sturles: other than high velocity money, what is your definition of spam, if it isn't paid for?
325 2015-11-10T10:29:05  <dcousens> if it is paid for*
326 2015-11-10T10:30:29  <sturles> See Wikipedia.
327 2015-11-10T10:30:50  <sturles> I don't have my own definition of spam.
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337 2015-11-10T10:40:48  <phantomcircuit> sturles, just because fees are a small percent of block reward today does not mean they will be tomorrow
338 2015-11-10T10:43:48  <sturles> If you by "tomorrow" mean in ten years, we may agree.
339 2015-11-10T10:45:03  <sturles> It is not that fees in general is a small percentage, but when you start including the long tail based on fees alone, you gain nothing compared to including based on priority.
340 2015-11-10T10:46:43  <sturles> The highest paying transaction makes up about 1% of the total block reward, but after the first few kB of high paying transactions the fees are so low it makes no sense to filter based on them.
341 2015-11-10T10:53:24  <evoskuil> So... maybe blocks are too big :)
342 2015-11-10T10:53:26  *** kgk has joined #bitcoin-dev
343 2015-11-10T10:57:11  <evoskuil> But I suppose that will take care of itself in ten years.
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347 2015-11-10T11:02:27  <sturles> Yes, blocks are much larger than required today.
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350 2015-11-10T11:10:22  <evoskuil> Good thing we have the block reward. Of course miners can mine empty blocks, which sort of counteracts the effect of blocks being too large.
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511 2015-11-10T15:37:24  <bsm1175321> otoburb: the venue is big enough.  Usually only about half of those who sign up actually show up.
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549 2015-11-10T16:30:31  <jgarzik> If anyone here is looking for a job hacking on open source Bitcoin Core C/C++, let me know...   jeff@bloq.com
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580 2015-11-10T17:27:09  <instagibbs> Bloqstream? :O
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645 2015-11-10T19:00:04  <Kireji> is there a denial of service possible with bitcoin core on ubuntu 14.04 that would cause the machine to hang?  over the last few weeks I've had a machine hang running a full node, and with a long series of turning services on and off, it appears it the bitcoin daemon may be to blame.  running 0.11.1 on default port, default conf, kernel 3.13.0-67-generic
646 2015-11-10T19:03:36  <jtimon> wumpus: ping https://github.com/bitcoin/bitcoin/pull/6982
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648 2015-11-10T19:05:39  <jgarzik> Kireji, lately bitcoind has been using a lot of memory, several gigabytes.
649 2015-11-10T19:05:51  <jgarzik> Kireji, There is a possibility you're seeing that.
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651 2015-11-10T19:06:27  <buZz> Kireji: did you monitor dmesg / rest of logs around these crashes?
652 2015-11-10T19:07:12  <buZz> Kireji: also have you tried running memtest86 on the machine while not running linux?
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713 2015-11-10T20:30:56  <weex> can anyone help with a bitcoin script question for a multisig redeem script? https://bitcointalk.org/index.php?topic=1231148.msg12941124#msg12941124
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717 2015-11-10T20:32:06  <weex> someone's trying to create a patch for coinb.in and has a question on whether an OP_DROP is necessary for a A+(B or C) type of multisig address
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772 2015-11-10T21:31:17  <Kireji> buZz: jgarzik: this was on limited memory machine.  that could do it.  actively monitorring logs, nothgin good.  trying to increase logging verbosity across system.  it's a remote VM, so memtest not really an option.  thank you
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778 2015-11-10T21:32:57  <buZz> welcome
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