Feedback-ID: i525146e8:Fastmail
Date: Mon, 11 Jul 2022 20:37:11 -0400
From: Peter Todd <pete@petertodd.org>
To: Russell O'Connor <roconnor@blockstream.com>,
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Message-ID: <YszCN9cnDt0kG3++@petertodd.org>
References: <CAHUJnBDYDbgr3C158o7c6_XXdG+kqJruFo=od_RmPFk_GS0udw@mail.gmail.com>
 <CAMZUoKmN1Sj=C-asUKCB0hbe-V2fRMsFzNn6kcsJeigbnz3fgQ@mail.gmail.com>
 <YsyX9Hjz4LU5otaT@petertodd.org> <YsycpTbb3IYpQ2I7@petertodd.org>
 <CAMZUoKmsCjpcU323_Nbw2UBkcqTmBc9+yd9i=QBZvDX-gdH_hw@mail.gmail.com>
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In-Reply-To: <CAMZUoKmsCjpcU323_Nbw2UBkcqTmBc9+yd9i=QBZvDX-gdH_hw@mail.gmail.com>
Subject: Re: [bitcoin-dev] Security problems with relying on transaction
 fees for security
Precedence: list


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On Mon, Jul 11, 2022 at 08:21:40PM -0400, Russell O'Connor via bitcoin-dev =
wrote:
> Oops, you are right.  We need the bribe to be the output of the coinbase,
> but due to the maturity rule, it isn't really a bribe.
>=20
> Too bad coinbases cannot take other coinbase outputs as inputs to bypass
> the maturity rule.
>
> I guess that means the bribe has to be by leaving transactions in the
> mempool.

=2E..and that's hardly a bribe. That's just being unable to mine competitiv=
ely
because your operation is too small.

Anyway, I think all this is a good example of how mining being dependent on
fee-income makes mining much more complex, and harder to do as a small play=
er.
Not good.

> Also your point about centralization pressure is well taken.

Thanks

--=20
https://petertodd.org 'peter'[:-1]@petertodd.org

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