How are we going to win without a sustained high fee environment ;)

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Discussion

Game theory:

- How much value is transferred by the bitcoin network?

- How much is captured?

- How much would be willing to be paid, for priority?

As game theory is used in the blind auction by both users and miners. You will see intelligent agents processing a sequence similar to iterated prisoners dilemma.

As such more will be captured from the high value priority tx. Less from the long tail. Meaning the long tail can be used as a bulwark against spam tx. Bleed the spammers dry.

Miners win

Users win

Developers win

Long tail wils

Spammers lose