From: Daniele Pinna <daniele.pinna@gmail•com>
To: Mark@friedenbach•org,
Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
Date: Fri, 29 Sep 2017 12:43:22 +0200 [thread overview]
Message-ID: <CAEgR2PGrf+4pQRyNC_xKVEKXimKTWveGK9q6YJeZkG0_r=8tkg@mail.gmail.com> (raw)
In-Reply-To: <CAEgR2PEyWFO1RFohVEpcb-M7aM-8xjCFvDPeJPD4zF4yTCyZ0A@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 630 bytes --]
Maybe I'm getting this wrong but wouldn't this scheme imply that a miner is
incentivized to limit the amount of transactions in a block to capture the
maximum fee of the ones included?
As an example, mined blocks currently carry ~0.8 btc in fees right now. If
I were to submit a transaction paying 1 btc in maximal money fees, then the
miner would be incentivized to include my transaction alone to avoid that
lower fee paying transactions reduce the amount of fees he can earn from my
transaction alone. This would mean that I could literally clog the network
by paying 1btc every ten minutes.
Am I missing something?
Daniele
[-- Attachment #2: Type: text/html, Size: 801 bytes --]
next parent reply other threads:[~2017-09-29 10:43 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
[not found] <CAEgR2PGCZ=F85yjAbZgC6NtzhpdgBL3n4M2jowN12wJ7x-Ai1A@mail.gmail.com>
[not found] ` <CAEgR2PGrxDQE0k8WX4XXz9GN-RAL6JB51ST9Hdz=ba36gRCa6A@mail.gmail.com>
[not found] ` <CAEgR2PFjt=ihzRBhNXbHTAJz1R+3vz8o-zRZkDA3iBo39x9cTQ@mail.gmail.com>
[not found] ` <CAEgR2PFfSjJjkTYq+DAmTzmkHPxqhn6fUDoXTzrRebz+OoUgqw@mail.gmail.com>
[not found] ` <CAEgR2PG5ZueHKDXbsPDEjQG7xAYBa_JAtPZo9n1V2=STC1srpA@mail.gmail.com>
[not found] ` <CAEgR2PGPQ1e9SmoWOS3V+N9v+OWiM4g3nPN3d9urc+DfkWEJ7A@mail.gmail.com>
[not found] ` <CAEgR2PEKkHH6+Sh8cQGF83-s1tpwQZgd0fiuNz_xyWu0mUPfCA@mail.gmail.com>
[not found] ` <CAEgR2PEyWFO1RFohVEpcb-M7aM-8xjCFvDPeJPD4zF4yTCyZ0A@mail.gmail.com>
2017-09-29 10:43 ` Daniele Pinna [this message]
2017-09-29 12:50 ` Alex Morcos
2017-09-29 15:22 ` Mark Friedenbach
2017-09-30 3:53 ` Jorge Timón
2017-09-30 3:55 ` Jorge Timón
2017-09-30 8:54 ` Gregory Maxwell
2017-09-30 0:47 ` Gregory Maxwell
2017-09-29 1:06 Mark Friedenbach
2017-09-29 1:53 ` Matt Corallo
2017-09-29 2:09 ` Nathan Wilcox
2017-09-29 2:10 ` Peter Todd
2017-09-29 2:17 ` Nathan Wilcox
2017-09-29 3:30 ` Mark Friedenbach
2017-09-29 2:02 ` Peter Todd
2017-09-29 2:45 ` Mark Friedenbach
2017-09-29 3:02 ` Peter Todd
2017-09-29 4:45 ` Anthony Towns
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to='CAEgR2PGrf+4pQRyNC_xKVEKXimKTWveGK9q6YJeZkG0_r=8tkg@mail.gmail.com' \
--to=daniele.pinna@gmail$(echo .)com \
--cc=Mark@friedenbach$(echo .)org \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox