LC on Nostr: There's also the delicate balance of paying miners for security. As block subsidity ...
There's also the delicate balance of paying miners for security. As block subsidity runs out transaction fees have to be enough to pay for security. Full blocks create a fee market. With small blocks worts case scenario there is too much demand. With big blocks there may not be enough fees to pay for security which is an existential threat.
Published at
2023-07-25 16:46:50Event JSON
{
"id": "0474176891639c9eec81417c2790bf18710e578bb470be9378f30fa1751c177d",
"pubkey": "301e2c4f4556af6efa6dc7ffc8c4dba4992f877258e81ee566c9be7843d3788e",
"created_at": 1690303610,
"kind": 1,
"tags": [
[
"e",
"8262a85d19f43bbdf7bbbad829cf86a1f6a9541e07f9bf4981782257b29d79ee",
"wss://nostr.mutinywallet.com",
"root"
],
[
"e",
"f0e1f50db7c8c05aaeb6fcc2038625e22070b896c9484b269d80ba57e3ca78fd",
"wss://nostr.mutinywallet.com",
"reply"
],
[
"p",
"04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9"
],
[
"p",
"c384a5ef1a25fd48776c2496a48f9de295b07e371aa085c631920bcc17f6b8b8"
]
],
"content": "There's also the delicate balance of paying miners for security. As block subsidity runs out transaction fees have to be enough to pay for security. Full blocks create a fee market. With small blocks worts case scenario there is too much demand. With big blocks there may not be enough fees to pay for security which is an existential threat.",
"sig": "9c105b6ebd28411d8a92e2df35b0f24ea8406f6b1d2ab3de4a922e4e87c983223ed807764e07e9a010df8e7d9a06d14ad061b3862b4cc13f0b18acf347789b06"
}