Is Bitcoin Blockspace a Common Good? \ stacker news ~bitcoin

Is Bitcoin Blockspace a Common Good?

605 sats \ 6 comments \ @kr 31 Jan bitcoin

I saw @lylepratt share this poll on X, and thought it would be a good one for SN too

Yes14.3%

No85.7%

Show Results0.0%

7 votes \ poll ended

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363 sats \ 2 replies \ @k00b 31 Jan

Blockspace is a private good. @Murch observed the other day that the UTXO set is a common pool resource which is not ideal. If a good is rivalrous, you really want it to be excludable.

100 sats \ 1 reply \ @Murch 1 Feb

I should mention that I have zero economic training, so I would not consider myself an authority on terminology in that regard

21 sats \ 0 replies \ @k00b 2 Feb

I think you're correct. UTXOs carry additional costs for node runners and additional benefits for transactors but we only pay for blockspace.

240 sats \ 2 replies \ @SimpleStacker 31 Jan

Do you mean it in the traditional economic sense of rivalrous but non excludable? If so, it's not a common good. But I'm not sure what you meant by common good.

0 sats \ 1 reply \ @kr OP 31 Jan

Do you mean it in the traditional economic sense of rivalrous but non excludable?

yes

363 sats \ 0 replies \ @k00b 31 Jan

fwiw I think the correct term for this, rivalrous but non excludable goods, is common pool resource.