Quote from: Dorky on April 15, 2017, 06:22:13 AM

Quote from: iamnotback on April 14, 2017, 07:48:36 PM

However, I think whales will end up demanding a kickback from miners for their transaction fees, so that miners can jack up fees on non-whales. Whales can make this demand because they can refuse to send their transactions to miners which won't deal. Yet non-whales can't make a credible threat, because miners who generally offered lower fees would end up losing hashrate relative to those miners who didn't defect from the fee market. Thus I think you will probably see miners colluding to extract the maximum fees that gouge non-whales.

"I think" is not acceptable.
Either you know, or you don't.

Whales will do what makes the most economics sense, i.e. that which is most profitable. Thus they will do what I wrote.

Math and economics game theory isn't something you can argue with. It is either stated correctly, or you must point out the error. There was no valid error pointed out by anyone about my logic.

I wrote "I think" as a way of saying I am open to reading anyone valid errors in my logic. So far, I have seen no such valid errors pointed out.