Clean and synched mempools makes for a cleaner blockchain, else garbage in - garbage out. Most mempools are synched because node owners don't usually mess with tx policy. They accept the defaults.
The blockchain itself constain substantial counter-eficidence. Any block over 750k is running with changed settings; as are a substantial chunk of the transactions. I think this is all well and good, but it's not the case that its all consistent. Quote
IBLT doesn't currently exist, and other mechenisms like the relay network protocol don't care about mempool synchronization levels.
IBLT does exist as it has been prototyped by Kalle and Rusty. It is just nowhere near ready for a pull request.
But don't you think that I'm saying anything bad about it-- I'm not. Cypherdoc was arguing that mempools were (and had) to be the same, and cited IBLT as a reason---- but it cannot currently be a reason, because it doesn't exist. Be careful about assigning virtue to the common fate aspect of it-- as it can make censorship much worse. (OTOH, rusty's latest optimizations reduce the need for consistency; and my network block coding idea-- which is what insired IBLT, but is more complex-- basically eliminates consistency pressure entirely)
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I recall that you had a tepid response summarizing the benefit of IBLT as a x2 improvement. Of course this is hugely dismissive because it ignores a very important factor in scaling systems: required information density per unit time. Blocks having to carry all the data in 1 second which earlier took 600 seconds is a bottleneck in the critical path.
It depends on what you're talking about, if you're talking about throughput it's at best a 2x improvement, if your'e talking about latency it's more. But keep in mind that the existing, widely deployed block relay network protocol reduces the data sent per already known transaction _two bytes_.Quote
That min fee at 0.0005 is 14 cents, and most users consider this to be way too high, especially if BTC goes back to $1000 and this becomes 50 cents. I kicked off a poll about tx fees and 55% of users don't want to pay more than 1 cent, 80% of users think 5 cents or less is enough of a fee.
https://bitcointalk.org/index.php?topic=827209.0
GAH! I'm not saying it's a good setting-- I'm just giving a concrete example that nodes (and miners) can control their mempool sizes, as this was at odds with cypherdoc's expectations-- instead he thought miners might be suffering because of large mempools-- and I pointed out that if their mempool was too big they could simply reduce it and he said he didn't believe me. I don't know how I could have made it more clear, but I hope its clear now. https://bitcointalk.org/index.php?topic=827209.0
