Pavel JanĂk [ARCHIVE] on Nostr: đź“… Original date posted:2016-03-02 đź“ť Original message:> the network. This would ...
đź“… Original date posted:2016-03-02
đź“ť Original message:> the network. This would result in a significantly longer block interval, which
> also means a higher per-block transaction volume, which could cause the block
> size limit to legitimately be hit much sooner than expected.
If this happens at all (the exchange rate of the coin can accomodate such expectation), the local fee market will develop, fees will raise and complement mined coins, thus bringing more miners back to the game (together with expected higher exchange rate).
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Pavel JanĂk
đź“ť Original message:> the network. This would result in a significantly longer block interval, which
> also means a higher per-block transaction volume, which could cause the block
> size limit to legitimately be hit much sooner than expected.
If this happens at all (the exchange rate of the coin can accomodate such expectation), the local fee market will develop, fees will raise and complement mined coins, thus bringing more miners back to the game (together with expected higher exchange rate).
--
Pavel JanĂk