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Explication needed in White Paper fees section #447
How do they partially cancel each other out? Be more explicit.
(1) C_miner > C_verifying node. N*C_miner is more likely to be higher than
(2) Means that not all nodes collect the reward, so while
I think the ambiguity comes from the inequality
Perhaps it could also look something like:
Yeah I looked over it again and I am still not sure if I fully understand it. I think the effects partially cancel each other out because the miner pays a higher cost than non-miners to process each transaction, while there are non-mining full nodes, so the total network cost of processing each transaction also increases. Therefore, because the total network cost increasing also negatively impacts non-mining nodes (as well as miners being impacted by higher costs than non-mining full nodes), the two effects partially cancel each other out, so inequality in the network is minimised.