# Gavin Andresen
# 2015-03-05 21:18:27
# https://bitcointalk.org/index.php?topic=975447.msg10673166#msg10673166

@s{quotedtext}
@s{quotedtext}
 @p{brk}
Why do you want miners to have an incentive to make smaller blocks? @p{par}

Smaller blocks means fewer transactions, so fewer opportunities to collect fees, so less profit. @p{par}

Miner profit in fiat currency = number of transactions * average transaction fee * btc-to-fiat exchange rate @p{par}

Experience (and common sense) says that more usage of Bitcoin means a higher btc-to-fiat exchange rate, so if you want to maximize miner's fee revenue then increasing the number of transactions is the obvious way to do it. @p{par}

If you think that putting an artificial cap on the number of transactions will increase overall miner profit, then I urge you to find a Real Economist and talk to them about the wisdom of trying to use production quotas to keep prices artificially high. @p{par}