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 approaches are
> potentially vi
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-
> dev/2017-September/015093.html
>
> They
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
