1 sat \ 1 reply \ @cointastical 11 Feb 2022 \ on: What Drives Bitcoin Fees? Using Segwit to Assess Bitcoin's Long-Run Sustainability | Bank of Canada bitcoin
so the canadian central bank wrote a whole ass paper on the effect of segwit on Bitcoin fees (!?)
https://www.bankofcanada.ca/2022/01/staff-working-paper-2022-2/
this directly relates to a discussion @Truthcoin and I recently had about the convexity of fees relative to block space, and whether you can strategically curtail block space to target higher fee revenue.
https://onthebrink-podcast.com/drivechains
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0 sats \ 0 replies \ @cointastical 11 Feb 2022
More info on the podcast with Paul Sztorc (Truthcoin) here in earlier post on SN:
On The Brink with Castle Island - Paul Sztorc (Drivechain) on Bitcoin Security Budget and the Importance Merge Mining - Listen on Fountain #9368 https://play.fountain.fm/episode/6476544317 https://onthebrink-podcast.com/drivechains
"There is very little economics literature on fees in Bitcoin" -- gotta branch out, BoC. see my 2019 talk eg
https://pbs.twimg.com/media/FLSYVqWX0BkB5fx?format=jpg
And, nic__carter's Twitter thread, unrolled:
Thread by @nic__carter on Thread Reader App https://threadreaderapp.com/thread/1491982763490168832.html
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