rich1.0npub1ac86vemj7ce5z8jyxt39rna3tvwql6xd30ha3vxcd6esysp23d9qrlswfjhttps://nostr.ae/npub1ac86vemj7ce5z8jyxt39rna3tvwql6xd30ha3vxcd6esysp23d9qrlswfjnjumphttps://nostr.ae📅 Original date posted:2015-07-30 📝 Original message:On 29 July 2015 at 20:41, Ryan Butler via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote: > Does an unlimited blocksize imply the lack of a fee market? Isn't every > miner able to set their minimum accepted fee or transaction acceptance > algorithm? The assumption is that wont work because any miner can break ranks and do so profitably, so to expect otherwise is to expect oligopoly behaviour which is the sort of antithesis of a decentralised mining system. It's in fact a similar argument as to why decentralisation of mining provides policy neutrality: some miner somewhere with some hashrate will process your transaction even if some other miners are by policy deciding not to mine it. It is also similar reason why free transactions are processed today - policies vary and this is good for ensuring many types of transaction get processed. Adam