Post
Topic
Board Economics
Re: Increase minimum TXfee
by
bitmover
on 26/11/2020, 19:41:30 UTC
this would reduce the size of the mempools, and make it easier to run a node, and save space on the blockchain.   It could be done like a difficulty adjustment where the minimum fee increases if the average block is >90% full, and decreases otherwise.

You are supposing there are a lot of people spamming useless transactions of 1 sat/byte? Transactions which would not be made if the fee were 3 sat/byte?

I don't think so.

You are basically penalizing honest users, like me, who like to do 1 sat/byte transactions. Whoever is attacking the network would attack at 3 sat/byte as well.

I don't think this would have the impact that you imagined, and this kind of interventions in the fee market will probably do more harm than good in long term. There is a delicate balance between fees, transactions, miners, etc.