Whatever...let's use the current subsidies, the same argument applies, it's
just 20 + 25 = 45 btc per block for miner B vs 27 btc for miner B.
Miner B would still go out of business, bigger blocks still mean more
mining and validation centralization. The question is how far I we willing
to go with this "scaling by sacrificing decentralization", but the answer
can't be "that's to far away in the future to worry about it, right now as
far as we think we can using orphan rate as the only criterion".
On May 31, 2015 4:49 PM, "Gavin Andresen" <gavinandre...@gmail.com> wrote:

> On Sun, May 31, 2015 at 10:46 AM, Jorge Timón <jti...@jtimon.cc> wrote:
>> Here's a thought experiment:
>> Subsidy is gone, all the block reward comes from fees.
> I wrote about long-term hypotheticals and why I think it is a big mistake
> to waste time worrying about them here:
>    http://gavinandresen.ninja/when-the-block-reward-goes-away
> --
> --
> Gavin Andresen
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