> I don't know of any data of what happens at the point where the coinbase
> drops to below the fees on any chain. I don't think there has been one where
> that has happened. Perhaps there is a chain out there where it is fee's only?
> Perhaps that can provide insight.
I think federations like
From my limited knowledge in the space, and I've taken opinions of people I
respect that are far more knowledgeable than me.
I don't know of any data of what happens at the point where the coinbase drops
to below the fees on any chain. I don't think there has been one where that has
happened.
Hello,
In my amateur opinion, I imagine that this would give excessive power
to the miner, introducing a bug in the system, because if the miner
put an absurdly high minimum rate intentionally or not, this would
cause a serious problem, or not.
Em qua., 1 de mar. de 2023 às 17:25, Giuseppe B
This will indeed give some power to the miners. But they have no incentives
in posting super high numbers as that means they won't get paid or they
will with a lot of delay.
This is not simply like setting the price for a product that has a fixed
quality. In the case of the mining services,
Hi shesek,
Minimum fees may not be the right mechanism. However I disagree with the
general idea that "if it's optimal for society to do X then they'll do X".
There's plenty of examples where people fail to coordinate in the absence
of a suitable framework, see the "free rider" problem with
> to bring the equilibrium
The important thing to highlight is that's not equilibrium between active users
and miners.
This needed in the future equilibrium is between:
Active Users (transactional tax) vs Passive Users (i.e. stakeholders: inflation
tax)
And miners will only earn as much as
Hi Giuseppe,
One side-effect this has is that until enough fees accumulate in the
mempool to satisfy min_fees, the rational behaviour for miners would be to
try and fork the chain tip, competing for the fees in the latest block
(+whatever got into the mempool in the meanwhile and can fit in).
Hello everyone,
I'm relatively new here so what I'm proposing could have already been
discussed, or may be flawed or inapplicable. I apologize for that.
I was picturing a situation where block rewards are almost zero, and the
base layer is mainly used as a settlement layer for relatively few
