# replacement ceiling

URL: https://blockspace.wiki/glossary/replacement-ceiling/

A term proposed in the BYTES economics analysis (2026-07-29): replacement cost in its role as an arbitrage-enforced upper bound on the price of reproducible blockspace assets. It would replace BVT's "mint cost anchor". Non-reproducible (provenance) assets have none. Trough parity is the replacement cost at the cheapest fee window an arbitrageur can wait for.

Sources:

- Blockspace Holdings records

Updated: 2026-10-20