Date: Tue, 26 Jul 2022 19:14:58 +0000
To: Peter Todd <pete@petertodd.org>
From: alicexbt <alicexbt@protonmail.com>
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Cc: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee
Precedence: list

Hi Peter,

> But to a first approximation, at any fee above zero failing to mine a tx =
you know about is leaving money on the table

Let's assume 10000 people go from A to B every day in flight. They buy tick=
ets for different prices and some of them are looking to pay the minimum ev=
en if it's a morning flight, not preferred seat etc. If the minimum price f=
or ticket drops, will this increase the revenue for airlines?

Some people who avoided flight earlier might book with new minimum although=
 most of them already figured out other ways to travel or paid the old mini=
mum. Maximum people or weight for a flight would still remain the same.

/dev/fd0

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------- Original Message -------
On Tuesday, July 26th, 2022 at 7:57 PM, Peter Todd <pete@petertodd.org> wro=
te:


>
> On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev bitcoin-d=
ev@lists.linuxfoundation.org wrote:
>
> > Hi Aaradhya,
> >
> > > As it's not a consensus rule, I think it can be done easily, just nee=
ding support from full node operators
> >
> > A few miners will need to use a lower minrelaytxfee for this to work. I=
 don't think miners would want to lower their profits.
>
>
> Whether or not this lowers profits for a particular miner is complex:
>
> https://petertodd.org/2016/block-publication-incentives-for-miners
>
> But to a first approximation, at any fee above zero failing to mine a tx =
you know about is leaving money on the table.
>
> Anyway even if miners don't actually mine these txs by themselves, with C=
hild-Pays-For-Parent, allowing near-zero txs into your mempool potentially =
allows you to mine more fees.