Post
Topic
Board Development & Technical Discussion
Re: review of proposals for adaptive maximum block size
by
hazek
on 26/02/2013, 02:09:41 UTC
...doing away with the limit...

Did you skip over the explanation for how an unlimited block size drives fees to nothing?


Did you skip over dree12's explanation as to why it wouldn't?  If you disagree with his explanation, can you refute it specifically?

I already did that. It's the same reason why in a market regulated strictly by consumption i.e. a free market there can be no racists businesses because they'd drive themselves out of business by discriminating. Same goes for miners who would discriminate against those paying less fees than such a miner would demand.. that "business" wouldn't simply be gobbled up by some other miner and so the competition for putting as many transactions into a block paying as much as possible would force all miners to accept ever decreasing transactions until we Bitcoin ends up with only a handful of miners providing not nearly enough security.