š
Original date posted:2017-09-29
š Original message:This is correct. Under assumptions of a continuous mempool model however this should be considered the outlier behavior, other than a little bit of empty space at the end, now and then. A maximum fee rate calculated as a filter over past block rates could constrain this outlier behavior from ever happening too.
> On Sep 29, 2017, at 3:43 AM, Daniele Pinna <daniele.pinna at gmail.com> wrote:
>
> 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
Mark Friedenbach [ARCHIVE] /
npub1r3ā¦48d0u
2023-06-07 18:06:37
in reply to nevent1qā¦zj5c
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npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0uPublished at
2023-06-07 18:06:37Event JSON
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Original date posted:2017-09-29\nš Original message:This is correct. Under assumptions of a continuous mempool model however this should be considered the outlier behavior, other than a little bit of empty space at the end, now and then. A maximum fee rate calculated as a filter over past block rates could constrain this outlier behavior from ever happening too.\n\n\u003e On Sep 29, 2017, at 3:43 AM, Daniele Pinna \u003cdaniele.pinna at gmail.com\u003e wrote:\n\u003e \n\u003e 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?\n\u003e \n\u003e 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.\n\u003e \n\u003e Am I missing something?\n\u003e \n\u003e Daniele",
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