>In the past, miners have forked Bitcoin and Litecoin because the fees were too high.
The fact that people had to fork the protocol in the past to artificially increase the supply of transactions and low the fee to a point deemed better only shows that miners do not act as an altruistic group but take any profit available.
>I'm not talking about people "acting in favor of the market."
You are. What takes the price to a point buyers and sellers deem optimum is not their knowledge of the existence of a price for which them as group maximize profits but the struggle between both groups.
Mechanism to control price variation
>only shows that miners do not act as an altruistic group but take any profit available.
I know this. That was never my point. I never argued that people act altruistically. You don't need to lecture me on Adam Smith. Take a deep breath, calm down, and read what I actually wrote before replying.
I said that when fees are high, people stop making transactions, WHICH DRIVES THE PRICE DOWN AND HURTS MINERS. SO, SELF-INTERESTED MINERS WOULD RATHER KEEP FEES TO A MINIMUM, AS THEY WANT PRICES TO GO UP. There is data to back up what I just said. We have SEEN miners forked Bitcoin and Litecoin because of high fees and small blocks.
I'm not making arguments about human nature and whether people are altruistic or not. I'm just making a factual observation. If you can't understand this, you'll never be able to fix your paper.
I'm not going to bother with your ideas because I already know you aren't someone who bothers with proper grammar and I just assume your ideas are shit. My advice to you is kys.
>I said that when fees are high, people stop making transactions
And I acknowledged it as correct.
Then I don't understand what you are saying. Can you please state clearly what the problem would be?