[bitcoin-dev] Refund Excesss Fee Hard Fork Proposal

Bram Cohen bram at bittorrent.com
Fri Mar 31 20:57:04 UTC 2017

On Fri, Mar 31, 2017 at 1:29 PM, praxeology_guy via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:

> Change the fee policy to cause all fee/byte in a block to be reduced to
> the lowest included fee/byte. Change transactions to specify how/which
> outputs get what portions of [(TX_fee/TX_length - LIFB)*TX_length].
> Transactions of course could still offer the remainder to the miner if they
> don't want to modify some of the outputs and don't want to reveal their
> change output.

That would have the unfortunate effect of incentivizing miners to not
completely fill blocks, because low fee marginal transactions could cost
them money.

An alternate approach would be to incentivize miners to follow transaction
fees more by reducing mining rewards, which could be done by soft forking
in a requirement that a chunk of all mining rewards be sent to an
unspendable address.
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