Post
Topic
Board Development & Technical Discussion
Re: How a floating blocksize limit inevitably leads towards centralization
by
TalkingAntColony
on 21/02/2013, 20:15:31 UTC
If the block size limit is reached (for the average block), miners will implement algorithms to select transactions to include so as to maximize the fee collected. This will drive up the cost of fees as people compete to have their transactions included in a timely manner. Let's keep bitcoin the cheapest transaction processor around by avoiding such a scenario!