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> But wouldn't we always want block space to be at least a little bit of a bidding war Once we get to the point where everyone can do 10 TXs per day without a
by ddtaylor 6y ago
> But wouldn't we always want block space to be at least a little bit of a bidding war
Once we get to the point where everyone can do 10 TXs per day without a bidding war, then maybe. But also consider that we can currently store every single bit of communication in the 1980's on a chip about the size of my finger. History seems to tell us that what we think is a large amount of data becomes commonplace in a few decades.
Probably another way to look at it is that people regularly open their mobile phone or browser and view a few minutes of video and transfer 300MB - 1GB of data to do so. During that same time the transactions of the entire world economy could have been transferred.
Well they also decide what to put in the blocks they mine. Nobody forces anyone to put something in a block. And, yes, they also can decide which fork to run.