Post by twetch#622

twetch#622 6.6y
1Eyk15…d43C Key · twetch

DAA economic analysis, following @931 @292 and @4179's discussion video.

What happens to hash rate as price adjusts in a multiple coin 2-week "original" DAA difficulty algo scenario, i.e. BTC and BSV both on original DAA?

My thoughts to follow:

What the chain says
Transaction
19e482f8a9dac983ad7991904177d3dd4fad5b2ed4ec13cd66e59d2b85ed4de0
Block
625 635
Time
2020-03-10T17:03:29Z
Signer
1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#622

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C Verified

Reposted by (2)

Replies (10)

twetch#622 6.6y
1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

Thus far, analysis has been largely limited to either pointing to historical cases, or to analyzing under the same assumption as is consistent with the history, and that is... Very little real use/transaction fees, where the block size is unbounded.

twetch#622 6.6y
1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

The above linked chart is tracking the actual transaction fees paid to miners in BTC vs BSV.

This is fundamentally the most important figure when analyzing DAA effects under the proposed scenario, especially as the inflation halving schedule continues.

twetch#622 6.6y
1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

What happens if BSV reaches fee parity with the coinbase subsidy/inflation schedule?

50% of miner revenue becomes divorced from the block production rate and is instead dependent on number of transactions included in a block.

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