EIP-1559: Fee market change for ETH 1.0 chain

[mtefagh]

@mdalembert

Ironically the strictly delayed price impact that makes this attack particularly profitable (even in a relatively stable market close to the steady state) seems to be intended to make the pricing mechanism incentive-compatible for miners (there’s plenty of commentary about this in Tim’s article as well), so this seems like a case of inadvertently giving users a tool for price manipulation while trying to prevent miners from doing the same.

I understand that the initial intuition behind this delay was that the current block producer cannot manipulate the base fee. However, this brings me to another suggestion. Why should we design the system in such a way that miners detest the base fee and then make other design decisions in order to protect this base fee from their manipulation?