Re: [bitcoin-dev] BIP Idea: Marginal Pricing

On Wed, Nov 29, 2017 at 9:52 PM, Chenxi Cai wrote: > Hi All, > > > Auction theory is a well-studied problem in the economics literature. > Currently what bitcoin has is Generalized first-price auction, where > winning bidders pay their full bids. Alternatively, two

Re: [bitcoin-dev] BIP Idea: Marginal Pricing

On Wed, Nov 29, 2017 at 6:38 PM, Ben Kloester wrote: > Something similar to this has been proposed in this article by Ron Lavi, > Or Sattath, and Aviv Zohar, and discussed in this bitcoin-dev thread > https://lists.linuxfoundation.org/pipermail/bitcoin- >

[bitcoin-dev] BIP Idea: Marginal Pricing

Comrades, Long term, tx fees must support hash power by themselves. The following is an economic approach to maximize total fee collection, and therefore hashpower. *Goals* Maximize total transaction fees Reduce pending transaction time Reduce individual transaction fees *Challenges* Validators