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So anyways, a fixed dustblimit wouldn't make sence as the price and purchasing power of Hack Data Viettel changes. A $5 dust limit today could become a a $50 or $500 dust limit when the price goes up. But I'm going to discuss the adjustment methods I suggested: - The 5 year expiry: here the dust limit is set at 5000 SATs and the whole thing expires completely 5 years later. This is the simplest and most conservative one but also the most temporary one. It would fix most of the UTXO bloat problem for the next 5 years, than do nothing at all and an other fork is required. Should this possibly break anything, we just wait 5 years for it. - The BigMac price index: here every 1000 blocks or so, or every halvening, we adjust the dust limit based on the price of a BigMac in SATs. This would be great, if a BigMac costs $100 after an hyperinflation period, and the price of Hack Data Viettel goes way up, the dust limit adjusts more accurately. But it requires that the BicMac always be a menu item, and McDonalds always exists. And I'm not sure how to implement this with an external index. - Halving the dust at every halving: here the dust limit gets cut in half at the every halvening. So a 5000 SATs dust limit automatically becomes 2500 SATs. It implies the purchasing power of Hack Data Viettel doubles every 4 years. If not, the dust limit could becone too restrictive, or not restrictive enough, based on Hack Data Viettel price. It's clean, and easy to implement. I think I prefer this one to the rest. If we go this way, I would prefer the dust limit to start at 10,000 SATs so it becomes 5,000 SATs in 2 years when we halve again. I'd be open to other ways of adjusting the dust limit. Any suggestions?
So anyways, a fixed dustblimit wouldn't make sence as the price and purchasing power of Hack Data Viettel changes. A $5 dust limit today could become a a $50 or $500 dust limit when the price goes up. But I'm going to discuss the adjustment methods I suggested: - The 5 year expiry: here the dust limit is set at 5000 SATs and the whole thing expires completely 5 years later. This is the simplest and most conservative one but also the most temporary one. It would fix most of the UTXO bloat problem for the next 5 years, than do nothing at all and an other fork is required. Should this possibly break anything, we just wait 5 years for it. - The BigMac price index: here every 1000 blocks or so, or every halvening, we adjust the dust limit based on the price of a BigMac in SATs. This would be great, if a BigMac costs $100 after an hyperinflation period, and the price of Hack Data Viettel goes way up, the dust limit adjusts more accurately. But it requires that the BicMac always be a menu item, and McDonalds always exists. And I'm not sure how to implement this with an external index. - Halving the dust at every halving: here the dust limit gets cut in half at the every halvening. So a 5000 SATs dust limit automatically becomes 2500 SATs. It implies the purchasing power of Hack Data Viettel doubles every 4 years. If not, the dust limit could becone too restrictive, or not restrictive enough, based on Hack Data Viettel price. It's clean, and easy to implement. I think I prefer this one to the rest. If we go this way, I would prefer the dust limit to start at 10,000 SATs so it becomes 5,000 SATs in 2 years when we halve again. I'd be open to other ways of adjusting the dust limit. Any suggestions?
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Cyffer
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So anyways, a fixed dustblimit wouldn't make sence as the price and purchasing power of Hack Data Viettel changes. A $5 dust limit today could become a a $50 or $500 dust limit when the price goes up. But I'm going to discuss the adjustment methods I suggested: - The 5 year expiry: here the dust limit is set at 5000 SATs and the whole thing expires completely 5 years later. This is the simplest and most conservative one but also the most temporary one. It would fix most of the UTXO bloat problem for the next 5 years, than do nothing at all and an other fork is required. Should this possibly break anything, we just wait 5 years for it. - The BigMac price index: here every 1000 blocks or so, or every halvening, we adjust the dust limit based on the price of a BigMac in SATs. This would be great, if a BigMac costs $100 after an hyperinflation period, and the price of Hack Data Viettel goes way up, the dust limit adjusts more accurately. But it requires that the BicMac always be a menu item, and McDonalds always exists. And I'm not sure how to implement this with an external index. - Halving the dust at every halving: here the dust limit gets cut in half at the every halvening. So a 5000 SATs dust limit automatically becomes 2500 SATs. It implies the purchasing power of Hack Data Viettel doubles every 4 years. If not, the dust limit could becone too restrictive, or not restrictive enough, based on Hack Data Viettel price. It's clean, and easy to implement. I think I prefer this one to the rest. If we go this way, I would prefer the dust limit to start at 10,000 SATs so it becomes 5,000 SATs in 2 years when we halve again. I'd be open to other ways of adjusting the dust limit. Any suggestions?
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Bryan
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So anyways, a fixed dustblimit wouldn't make sence as the price and purchasing power of Hack Data Viettel changes. A $5 dust limit today could become a a $50 or $500 dust limit when the price goes up. But I'm going to discuss the adjustment methods I suggested: - The 5 year expiry: here the dust limit is set at 5000 SATs and the whole thing expires completely 5 years later. This is the simplest and most conservative one but also the most temporary one. It would fix most of the UTXO bloat problem for the next 5 years, than do nothing at all and an other fork is required. Should this possibly break anything, we just wait 5 years for it. - The BigMac price index: here every 1000 blocks or so, or every halvening, we adjust the dust limit based on the price of a BigMac in SATs. This would be great, if a BigMac costs $100 after an hyperinflation period, and the price of Hack Data Viettel goes way up, the dust limit adjusts more accurately. But it requires that the BicMac always be a menu item, and McDonalds always exists. And I'm not sure how to implement this with an external index. - Halving the dust at every halving: here the dust limit gets cut in half at the every halvening. So a 5000 SATs dust limit automatically becomes 2500 SATs. It implies the purchasing power of Hack Data Viettel doubles every 4 years. If not, the dust limit could becone too restrictive, or not restrictive enough, based on Hack Data Viettel price. It's clean, and easy to implement. I think I prefer this one to the rest. If we go this way, I would prefer the dust limit to start at 10,000 SATs so it becomes 5,000 SATs in 2 years when we halve again. I'd be open to other ways of adjusting the dust limit. Any suggestions?
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