Azz on nostr

Open in Damus

This argument is so stupid. If fees spike then the incentive to mine will be higher and miners will be turned back on. “Let’s make drastic changes because of a hypothetical problem that I think co...

Azz @Azz 1712786992

Only up until people stop transacting. Larger blocks have more transactions so overall miners can get more revenue.

2

More transactions per block means less fees per transaction because of supply and demand. Miner total revenue depends on the slope of supply and demand curves and could decrease with big blocks. Luxury good manufacturers intentionally limit supply because it increases their total revenue for example...