Trends, Tips, Tolls: A Longitudinal Study of Bitcoin Transaction Fees

被引:66
作者
Moeser, Malte [1 ]
Boehme, Rainer [2 ]
机构
[1] Univ Munster, Dept Informat Syst, D-48149 Munster, Germany
[2] Univ Innsbruck, Inst Comp Sci, A-6020 Innsbruck, Austria
来源
FINANCIAL CRYPTOGRAPHY AND DATA SECURITY (FC 2015) | 2015年 / 8976卷
关键词
D O I
10.1007/978-3-662-48051-9_2
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
The Bitcoin protocol supports optional direct payments from transaction partners to miners. These "fees" are supposed to substitute miners' minting rewards in the long run. Acknowledging their role for the stability of the system, the right level of transaction fees is a hot topic of normative debates. This paper contributes empirical evidence from a historical analysis of agents' revealed behavior concerning their payment of transaction fees. We identify several regime shifts, which can be largely explained by changes in the default client software or actions of big intermediaries in the ecosystem. Overall, it seems that rules dominate ratio, a state that is sustainable only if fees remain negligible.
引用
收藏
页码:19 / 33
页数:15
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