Maybe this would help killing this bad equilibrium
Can’t find the paper anymore but I read an idea about creating a FEEPOOL
. All spend transaction fees would be added to the FEEPOOL
, and a block miner would receive 1/8th of that FEEPOOL
for a new block. The MINFEE
would stay and guide users to pay more when there is congestion, while miners would be incentivized keep blocks filled so the FEEPOOL
stays high and miners would be less worried about tricking the previous or next block for transactions as their fee based revenue is less spiky. In fact miners could be incentivized more since I think burning fees below MINFEE
would not be needed in this case and could just be added to the FEEPOOL
…