Post
Topic
Board Bitcoin Discussion
Re: Enforcing a production quota on block space that fights the free market
by
Peter R
on 15/09/2015, 19:21:01 UTC
More about this "free market": if it cannot pay for decentralization then it cannot afford more utility. THIS is the negative externality that gets hand waved away by Peter.

OK, let's assume for a second that a negative externality exists (although I disagree).  What can be done about it?  It requires force to keep the production quota below Q*.  How could a group do this over the long term if the code can so easily be forked?