On 5/7/2015 6:40 AM, Jorge Timón wrote: >> Known: There's a major problem looming for miners at the next block reward >> halving. Many are already in a bad place and without meaningful fees then >> sans a 2x increase in the USD:BTC ratio then many will simply have to leave >> the network, increasing centralisation risks. There seems to be a fairly >> pervasive assumption that the 300-ish MW of power that they currently use is >> going to pay for itself (ignoring capital and other operating costs). > I take this as an argument for increasing fee competition and thus, > against increasing the block size. >
That doesn't follow. Supposing average fees per transaction decrease with block size, total fees / block reach an optimum somewhere. While the optimum might be at infinity, it's certainly not at zero, and it's not at all obvious that the optimum is at a block size lower than 1MB. ------------------------------------------------------------------------------ One dashboard for servers and applications across Physical-Virtual-Cloud Widest out-of-the-box monitoring support with 50+ applications Performance metrics, stats and reports that give you Actionable Insights Deep dive visibility with transaction tracing using APM Insight. http://ad.doubleclick.net/ddm/clk/290420510;117567292;y _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
