This article discusses the motives behind miners prioritizing certain types of transactions in the blockchain. The author speculates that the miners may prioritize transactions based on financial value or to help small UTXO owners. However, the author argues that this is irrational because blockspace is a fungible good valued on an open market. Using criteria other than the feerate to decide which transactions to include would leave money on the table for miners. Creating a subsection of blockspace selected based on other criteria would result in miners making less money and users being subjected to different competitive pressures. The author emphasizes the importance of mining staying decentralized for Bitcoin's censorship resistance and expresses disappointment in smaller miners being economically irrational. The opinions expressed in the article are solely those of the author.



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