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From: Alex Morcos <morcos@gmail.com>
Date: Fri, 29 Sep 2017 12:50:20 +0000
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To: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>,
Daniele Pinna <daniele.pinna@gmail.com>, Mark@friedenbach.org
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Subject: Re: [bitcoin-dev] Rebatable fees & incentive-safe fee markets
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I had the same concern, or a miner could fill the remainder of the block
with their own high fee paying transactions if blocks were required to be
full.
On Fri, Sep 29, 2017 at 7:55 AM Daniele Pinna via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> 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
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
--001a1135045e4eb473055a53784d
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Content-Transfer-Encoding: quoted-printable
<div><div dir=3D"auto">I had the same concern, or a miner could fill the re=
mainder of the block with their own high fee paying transactions if blocks =
were required to be full.=C2=A0</div><br><div class=3D"gmail_quote"><div>On=
Fri, Sep 29, 2017 at 7:55 AM Daniele Pinna via bitcoin-dev <<a href=3D"=
mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfounda=
tion.org</a>> wrote:<br></div><blockquote class=3D"gmail_quote" style=3D=
"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D=
"auto">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?<div dir=3D"auto"><br></di=
v><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 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 litera=
lly clog the network by paying 1btc every ten minutes.</div><div dir=3D"aut=
o"><br></div><div dir=3D"auto">Am I missing something?</div></div><div dir=
=3D"auto"><div dir=3D"auto"><br></div><div dir=3D"auto">Daniele=C2=A0</div>=
</div>
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bitcoin-dev@lists.linuxfoundation.org</a><br>
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man/listinfo/bitcoin-dev</a><br>
</blockquote></div></div>
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