From: Adam Back <adam@cypherspace•org>
To: Ryan Butler <rryananizer@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Răspuns: Personal opinion on the fee market from a worried local trader
Date: Wed, 29 Jul 2015 21:00:42 -0700 [thread overview]
Message-ID: <CALqxMTHEknuwPW-uG3W9Fv1sQC54ud3zk4aLQaFGTTjAt7ghfA@mail.gmail.com> (raw)
In-Reply-To: <CAF_2MyVAXg9788gatEQ-t4=8rJxXdkf9DA45uF5_gksDUM6b=A@mail.gmail.com>
On 29 July 2015 at 20:41, Ryan Butler via bitcoin-dev
<bitcoin-dev@lists•linuxfoundation.org> wrote:
> Does an unlimited blocksize imply the lack of a fee market? Isn't every
> miner able to set their minimum accepted fee or transaction acceptance
> algorithm?
The assumption is that wont work because any miner can break ranks and
do so profitably, so to expect otherwise is to expect oligopoly
behaviour which is the sort of antithesis of a decentralised mining
system. It's in fact a similar argument as to why decentralisation of
mining provides policy neutrality: some miner somewhere with some
hashrate will process your transaction even if some other miners are
by policy deciding not to mine it. It is also similar reason why free
transactions are processed today - policies vary and this is good for
ensuring many types of transaction get processed.
Adam
next prev parent reply other threads:[~2015-07-30 4:00 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
[not found] <CADZB0_ZgDMhVgCUh2PTAPDL7k_W8QGt_HLYdkwv_qQ5xEMn8HA@mail.gmail.com>
2015-07-29 14:09 ` Vali Zero
2015-07-29 17:47 ` Raystonn .
2015-07-29 22:54 ` s7r
2015-07-30 3:41 ` Ryan Butler
2015-07-30 4:00 ` Adam Back [this message]
2015-07-30 4:05 ` Adam Back
2015-07-30 4:48 ` Ryan Butler
2015-07-30 13:14 ` Tom Harding
2015-07-30 14:25 ` Dave Hudson
2015-07-30 14:57 ` Tom Harding
2015-07-30 18:14 ` Jorge Timón
2015-07-30 18:16 ` Jorge Timón
2015-07-30 20:53 ` Tom Harding
2015-07-31 1:21 ` Jorge Timón
2015-07-31 1:29 ` Jorge Timón
2015-07-31 9:56 ` Thomas Zander
2015-07-31 12:32 ` Oleg Andreev
2015-07-31 15:24 ` Jorge Timón
2015-07-30 12:45 ` Ivan Brightly
2015-07-30 4:07 ` Jean-Paul Kogelman
2015-07-30 9:52 ` odinn
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