On Sat, Jun 27, 2015 at 07:26:00PM +0200, Benjamin wrote: > "Thus we have a fixed capacity system where access is mediated by supply > and demand transaction fees." > > There is no supply and demand. That would mean users would be able to adapt > fees and get different quality of service depending on current capacity. > For example if peak load is 10x average load, then at those times fees > would be higher and users would delay transactions to smooth out demand.
That's exactly how Bitcoin works already. See my article on how transaction fees work for more details: https://gist.github.com/petertodd/8e87c782bdf342ef18fb -- 'peter'[:-1]@petertodd.org 0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24
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