This is correct. Under assumptions of a continuous mempool model however this 
should be considered the outlier behavior, other than a little bit of empty 
space at the end, now and then. A maximum fee rate calculated as a filter over 
past block rates could constrain this outlier behavior from ever happening too.

> On Sep 29, 2017, at 3:43 AM, Daniele Pinna <daniele.pi...@gmail.com> 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 
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