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So to answer your question, my view is that IBLT would not affect the health of the fee market (but it would reduce fees overall).
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I think this unclear and could be misconstrued. This is the fee per transaction you are talking about, correct? As no one really knows about the total amount of fees without assumptions about the demand curve.
Hey awemany, great to see you here. Peter R I'm not fully understanding the implications of something like IBLT, I understand the benefits but intuitively I've always felt the risk of block propagation was a the minimum incentive necessary to regulate blocksize however I've been a little concerned It may not be enough.
So IBLT while innovative could be deployed in a way that diminishes the incentive to make small blocks, is my understanding correct that the free market system is not impeded by such an innovation and the incentives to mine smaller block is still preserved?