Not agreeing or disagreeing here but wanted to think out loud and get your thoughts.
Suppose we have a variable block size. What would it hinge on? Keeping transaction fees in a certain range? It feels like that could be gamed by pools who move their own funds back and forth to keep a baseline demand up and then we fill nodes faster than we currently do.
If we're worried about keeping a sufficient baseline hash rate when total block rewards are so low, the heatpunks would argue there will be a large group of heaters subsidizing the network.
Guess I'm trying to understand the mechanics of a market driven block size. I worry about premature optimization with bitcoin but it makes sense to hash out the details long before we may need them.
MachuPikacchu / Machu Pikacchu
npub1r6…4gmmd
2025-08-05 19:25:54 UTC
in reply to nevent1q…lv02
Author Public Key
npub1r6ggl0qazvwp02rlxgrf75lkfazuwhu35tmdg0u25eqsjax6243qh4gmmdPublished at
2025-08-05 19:25:54 UTCEvent JSON
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"content": "Not agreeing or disagreeing here but wanted to think out loud and get your thoughts.\n\nSuppose we have a variable block size. What would it hinge on? Keeping transaction fees in a certain range? It feels like that could be gamed by pools who move their own funds back and forth to keep a baseline demand up and then we fill nodes faster than we currently do.\n\nIf we're worried about keeping a sufficient baseline hash rate when total block rewards are so low, the heatpunks would argue there will be a large group of heaters subsidizing the network.\n\nGuess I'm trying to understand the mechanics of a market driven block size. I worry about premature optimization with bitcoin but it makes sense to hash out the details long before we may need them.",
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