Post
Topic
Board Bitcoin Discussion
Re: Small blocks, middle blocks or big blocks?
by
BitUsher
on 07/05/2019, 22:34:36 UTC
1. yes another miner will come along and include those low fee tx. but that other miner would need to have adequate hashpower to win the race too

The incentives are such that they will gain adequate hashpower because other miners are leaving money on the table thus giving an incentive for competition to take a portion of the marketshare.



2. again theres no need for a fee market this decade



What is the math on this? Bitcoin drops to 6.25 BTC inflation next year. This is a huge security drop off.




3. making a block capacity scarce does not = causing a fee premium. pools as you already said could choose to include low fee's because they see othr pools include high fee's.. pools can pick anything they like.
they do NOT need to fill a block. they could happily make a block with just 10tx of $1 each until peopl cotton on to pay $1. again you dont need to fill a block to make a pool only accept $1 fee's..


The research paper I linked to goes into this specific assumption and directly addresses it and mathematically proves this to be untrue. Go ahead and read it, as your quickness of your response means you likely did not. Seems like you care more about propping up your altcoin than learning what the truth is if you are not willing to read the paper that directly addresses your incorrect assumptions



4. WHEN pools start caring more about fee's, THEY will adapt. but that is not any time soon

Pools don't care about fees? You are absurd.