Quote from: rizzlarolla on June 10, 2016, 05:50:19 PM

Quote from: franky1 on June 10, 2016, 10:25:30 AM

i find it funny that lauda tries to say bitcoin is great most transactions are 226bytes..
and then.. he says this..

Quote from: Lauda on June 10, 2016, 10:10:50 AM

Quote from: Sir_lagsalot on June 10, 2016, 09:49:54 AM

- You are making a 1 input 1 output transaction

Bad assumption. If we have learned anything, then we know that the majority of the TX's are much bigger. If anyone is wondering how they would create a TX with 1 input and 1 output: e.g. Pick 1 input, send to exact same amount to another address while deducting the fee from the amount (there must be no change).

its either he never believed his own stupidity of the 226byte sales pitch.. or he is finally wising up and being honest to people.
if its the second one. then well done lauda you have finally said something correct.. please continue and be honest from now on.

Ok, so the median tx is 226 (and never seems to change)
But the average tx is twice that? (and varies)

I am asking 21.co why they use median tx size to calculate fees.
Their first reply said "Median is the same thing as Average." !!!
(which we all now know it isn't)
Goes to show what the general perception is I would think.

Greg say's about median, "It's a great statistic if you're talking about typical transaction fee,"
How so?

If average tx is twice median tx, will this not lead to under paying tx fees?
(i am asking 21.co also)

Franky, are Core saying segwit will handle 7200 tx per block? (link please)

it depends on which variant you read.

for instance if we naively go by the every tx is 226byte right now..
1mb block= ~4400tx so segwit would be 7920(4400*1.8 )

then others say that the average is 400bytes but core will eventually allow 2mb in 2017
1mb block = 2500tx so 1mb segwit would be 4500tx(2500*1.8 ) and 2mb segwit 9500

then others say that the average is 500bytes but core will eventually allow 2mb in 2017
1mb block = 2000tx so 1mb segwit would be 3600tx(2000*1.8 ) and 2mb segwit 7200

but remember a 2mb segwit is not actually 2mb of real data.. its actually 3.6mb where 1.6mb is still there but blockstream wont talk about it because "there is no witness"
also remember there are extra bytes being added for the other features, flags, etc.. so the blocks would actually be much higher then 3.6mb when a block is 'full'.

but seeing as Gmaxwell has withdrawn his plan to add CT to bitcoin(instead trying to promote his zerocoin, monero and elements). the bloat wont be as much as the over 5mb from the original plan.
so lets just take the stats of
3.6mb(real data) for 7200tx as a guideline expectation if there is 2mb blocklimit included in 2017..
1.8mb(real data) for 3600tx as a guideline expectation if there is 1mb blocklimit remaining in 2017..