John Dee on Nostr: Good talk, tough problem. Dynamic seems like the way to go. Difficulty is based on ...
Good talk, tough problem. Dynamic seems like the way to go. Difficulty is based on data in previous blocks (timestamps), so block size could be based on data in previous blocks too. Block fullness and transaction fee rates are likely candidates, but the game theory will be tricky to work out.
Monero has a fixed minimum block subsidy (tail emission) compared to Bitcoin's subsidy that decays to zero. If Bitcoin transaction fees were always the minimum 1 sat/vbyte because of unfilled blocks, it would effectively be a minimum block subsidy. Probably not relevant, but I hadn't thought of that until now.
Published at
2025-02-01 18:14:56Event JSON
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