Post
Topic
Board Bitcoin Discussion
Re: What will keep transaction fees up?
by
asdf
on 20/11/2010, 23:05:47 UTC
The maximum block size must be continuously adjusted to keep the transaction prices stable. The only way to change the maximum block size is through a lengthy political process of debate, decree, network fragmentation and majority agreement.

This is a bad idea. The generators will collude to keep the block size small; transactions scarce, gouging the market.