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From: Daniele Pinna <daniele.pinna@gmail.com>
Date: Fri, 29 Sep 2017 12:43:22 +0200
Message-ID: <CAEgR2PGrf+4pQRyNC_xKVEKXimKTWveGK9q6YJeZkG0_r=8tkg@mail.gmail.com>
To: Mark@friedenbach.org, Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="089e0825a870b0e69e055a51b14e"
Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
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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

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<div dir=3D"auto">Maybe I&#39;m getting this wrong but wouldn&#39;t this sc=
heme imply that a miner is incentivized to limit the amount of transactions=
 in a block to capture the maximum fee of the ones included?<div dir=3D"aut=
o"><br></div><div dir=3D"auto">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 t=
ransaction alone to avoid that lower fee paying transactions reduce the amo=
unt of fees he can earn from my transaction alone. This would mean that I c=
ould literally clog the network by paying 1btc every ten minutes.</div><div=
 dir=3D"auto"><br></div><div dir=3D"auto">Am I missing something?</div><div=
 dir=3D"auto"><br></div><div dir=3D"auto">Daniele=C2=A0</div></div>

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