I’d like to share a research paper I’ve recently completed titled “A Transaction Fee Market Exists Without a Block Size Limit.” I formalizes the ideas from Cypherdoc, Adrian-X, thezerg, Rocks, ZB, Justus Ranvier, Solex, Melbustus, Majamalu and many others here. In addition to presenting some useful charts such as the cost to produce large spam blocks, I think the paper convincingly demonstrates that due to the orphaning cost, a block size limit is not necessary to ensure a functioning fee market.
Just finished reading it. Well done.