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Date: Mon, 11 Jul 2022 17:36:52 -0400
From: Peter Todd <pete@petertodd.org>
To: Russell O'Connor <roconnor@blockstream.com>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Message-ID: <YsyX9Hjz4LU5otaT@petertodd.org>
References: <CAHUJnBDYDbgr3C158o7c6_XXdG+kqJruFo=od_RmPFk_GS0udw@mail.gmail.com>
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Subject: Re: [bitcoin-dev] Security problems with relying on transaction
fees for security
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On Mon, Jul 11, 2022 at 04:35:02PM -0400, Russell O'Connor via bitcoin-dev =
wrote:
> > What happens after that I'm not sure.
> >
>=20
> Miners will learn to create anyone-can-spend outputs to bribe other miners
> to build on their block rather than reorg it. (Due to the coinbase
> maturity, this will require some amount of floating capital.)
=2E..and that's a disaster for mining centralization, because the smaller m=
iners
need to pay larger bribes than larger miners. Not to mention having to keep
capital around to do it.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
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