# Gavin Andresen
# 2014-11-01 23:30:31
# https://bitcointalk.org/index.php?topic=176684.msg9408094#msg9408094

@s{quotedtext}
@s{quotedtext}
 @p{brk}
How do you imagine you will be able to keep transaction fees artificially high? @p{par}

I can imagine a future with 1MB blocks full of zero-transaction-fee transactions (all fees paid off-blockchain through special cozy relationships between big merchants/exchanges and big miners. Or simply big merchants/exchanges mining their own transactions). @p{par}

I think network security CAN be funded through transaction fees@p{--} that is easy, if you want to buy some security just attach a larger-than-strictly-necessary-to-get-confirmed fee to your transactions. @p{par}

I don't think we know yet whether network security WILL be funded through transaction fees; there might be a free-rider problem that keeps people who @p{(bf}want@p{bf)} a secure network from actually @p{(bf}paying@p{bf)} for a secure network. @p{par}

This is where it would be lovely for some academic economists who have studied the free-rider problem to chime in and predict what is likely to happen, and how other markets have solved (or not) the problem. @p{brk}