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From: Mark Friedenbach <mark@friedenbach.org>
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Date: Fri, 29 Sep 2017 08:22:14 -0700
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To: Daniele Pinna <daniele.pinna@gmail.com>
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
Precedence: list

This is correct. Under assumptions of a continuous mempool model however thi=
s should be considered the outlier behavior, other than a little bit of empt=
y space at the end, now and then. A maximum fee rate calculated as a filter o=
ver past block rates could constrain this outlier behavior from ever happeni=
ng too.

> On Sep 29, 2017, at 3:43 AM, Daniele Pinna <daniele.pinna@gmail.com> wrote=
:
>=20
> Maybe I'm getting this wrong but wouldn't this scheme imply that a miner i=
s incentivized to limit the amount of transactions in a block to capture the=
 maximum fee of the ones included?
>=20
> 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 l=
ower fee paying transactions reduce the amount of fees he can earn from my t=
ransaction alone. This would mean that I could literally clog the network by=
 paying 1btc every ten minutes.
>=20
> Am I missing something?
>=20
> Daniele=20