Quote from: squatter on June 12, 2019, 08:41:59 PM

Quote from: franky1 on June 11, 2019, 10:33:04 PM

blocksize: transaction count increase onchain = more users. = less fee per user but the total combined fee of block adds up to MORE

That sounds nice, but can you explain the economics behind it?

Users aren't paying a fixed fee, so we can't simply assume that more transactions = more fees.

If block size limits > demand for block space, then fees will drop close to 0 -- why would anyone pay when there is free space? Miners will include your transaction anyways.

Without fixed fees or a fee market based on full blocks, there is no basis for you to say that increased adoption alone will increase fee revenue for miners. You've suggested keeping a "buffer" between block size limit and observed usage, meaning no one would ever need to pay fees at all. With inflation dropping to nothing and fees dropping to nothing, you must expect miners to secure the network out of charity!

Plus there are externalities. The costs to keep the network going would transfer to the miners, instead of from the users. The people demanding "big blocks" either never considered it, or know about it but wanted their hard fork anyway because "Satoshi said P2P cash". Roll Eyes