Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
iCEBREAKER
on 08/09/2015, 02:19:41 UTC
My paper says nothing about this.  It just shows that a distorted transaction fee market insufficient for the Bitcoin network to be able to pay for its own security exists without a block size limit

I fixed it for you.

Your most glaringly flawed assumption is to ignore the fact

Quote
block space is a scarce resource that is sold, but not paid for, by the miners...which is why a "tragedy of the commons" situation can only be avoided by a block size cap.