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21 sats \ 1 reply \ @03393ec3a3 15 Oct \ parent \ on: MEMPOOL SPACE SAGA (My Take) bitcoin
Whoa... I think I finally understood what you're getting at.
So, with the mempool.space approach, it is effectively a universal inclusion rate, and as such, it is intrinsically a high-water mark that is pressured up by all fee market activity.
However, it sounds like you're also saying that since some block producers, like Ocean+Datum or Braiins+Stratum v2, can purposely assert alternate block inclusion preferences/"filters," these choices put downward pressure on "aligned" fee markets.
So what you're seeing is that there are effectively two parallel fee markets at play? One for all-comers, more or less as described by mempool.space; and another for bitcoin spends with some time to spare, where backward-looking timechain-sourced fee rates will effectively include a discount rate over the last N blocks proportional to how many "aligned" miners versus "profit-maximizing" miners are servicing the mempool.
Is that what you're getting at? If that's what you're saying, I think I you kind of just blew my mind, wow!
That's exactly what I am saying. Plus a shit ton of people use mempool-space's fee estimation as what the network's fee estimation is irl(example: timechaincalendar.com, timechainstats.com)
I love these projects to the core, cos they're very beneficial in general. It's just that these nuances can an would be exploited by malicious people.
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