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The game theory with the EIP1559 changes is that there will be ample space in blocks to put in transactions, and there will (roughly, under normal circumstances
by drcode 6y ago
The game theory with the EIP1559 changes is that there will be ample space in blocks to put in transactions, and there will (roughly, under normal circumstances) be just enough transactions in the pool to fill each block. So the miner only has the options of either (A) filling the block with transactions to earn tips or (B) chose to be hostile and generate an empty block, just to have the next miner put the most profitable transactions in the followup block.
- latchkey 6y agoThe blocks will be variable sized and can still fill up. Point #1 and #10 from the image here: https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackmd.io%2F%40timbeiko%2F1559-update-004#Economic-Analysis-%F0%9F%93%91 https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackm...
- drcode 6y agoSure, nothing you said really disagrees with my summary.
- latchkey 6y agoDo all replies have to be a disagreement or can they just attempt to be informative?
- gus_massa 6y agoAfter a few years, I realize that by default comments are interpreted as disagreement, so for this kind of comments I start my reply with "I agree" or "Just nitpicking". [It's most tricky when I agree with most of the comment, but the rest is totally nuts, but I don't want to start an argument about that.]