Again, still learning so bare with me. With no block size l…
Again, still learning so bare with me. With no block size limits the miners charge fees based on size of transaction right? Free market. What is stopping someone malicious with the cash from spamming massive sized transactions just to bog down the system?
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How much would it cost, and for what benefit to them? Just to watch the world burn?
If Bitcoin is scaled up, let's say, to 1GB blocks, and fees remain at 0.1 sat/B or higher, then it will cost 1 BSV/GB at least. ~144 blocks/day on average...
So, 144 BSV/day in order to "bog down the network."
But what does "bogging down the network" look like?
Well, higher fees to get into the next block. BTC showed us that much at least.
So instead of 0.1 sat/B, maybe 0.2 sat/B...
But then, that means it takes 288 BSV/day to prevent others from transacting.
In the meantime, miner revenue goes up. Higher marginal price => higher quantity supplied.
Miners increase block size, risking more orphans, pushing scale higher.
So maybe 1.05 GB blocks now... = ~150 GB/day, = ~300 BSV/day to maintain this "bogged down" state.
And for what benefit?
How long can this be sustained?
IOW, a healthy transaction fee market solves this problem entirely, especially at scale.