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Mon, 11 Jul 2022 17:36:56 -0400 (EDT) Received: by localhost (Postfix, from userid 1000) id CCB2F5F7C1; Mon, 11 Jul 2022 17:36:52 -0400 (EDT) Date: Mon, 11 Jul 2022 17:36:52 -0400 From: Peter Todd To: Russell O'Connor , Bitcoin Protocol Discussion Message-ID: References: MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha512; protocol="application/pgp-signature"; boundary="TRUFA8PcfifRBxwC" Content-Disposition: inline In-Reply-To: Subject: Re: [bitcoin-dev] Security problems with relying on transaction fees for security X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 11 Jul 2022 21:37:01 -0000 --TRUFA8PcfifRBxwC Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable 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 --TRUFA8PcfifRBxwC Content-Type: application/pgp-signature; name="signature.asc" -----BEGIN PGP SIGNATURE----- iQIzBAEBCgAdFiEE0RcYcKRzsEwFZ3N5Lly11TVRLzcFAmLMl/IACgkQLly11TVR LzdrmhAArWG8Bg2248Hq21NoXG863re0TUnIV7xTC8RVfSTCWT4lNyVL89e7ippc qJAVatmMqUxzjtELbIXWIszB2LiVQsIwb0T8zZtixIfW3o1UvmHBPdsGaHjaXTRu elaBwAhwY2O4qjXLWGuL9lk1du9h0Y+defF/r+RcHZNfLn8bdNGnaxZKDP/m6wmA ycTsglYsrWUqd7S4W2KwK7ZiJnwqhK6bxqXXrl+D8ISL2HeD5YRWBiBbIl+My8Ra LCSOdiOW9J3m6LOVasSgHv7w/X4dCyl7+/rrS7Ru3zakErdmqoHYQYUZOHgoeiVV llHnDIVnWUmnfc6lZTbBtqTVRAklvKkZNSB5z/OqVvkfc38rKQih6QeCRtmoj63s zRzVxx4F6ev49lUkOBL/gQoC/JM0TDuiUKd/6IGb4tK97+7wlT3bxk/cpzfIh13O yvOKTe6ZL8Pecy8xblhGCSOZVpo/eSt1ejdNIe8zUAofJW40i5E8s6CWNT7eIJL0 S0aWkny5bvjbrfBiSW39/SstpYBlVY6u4u/nCJpz/9YZvJZx+8Xa7KRoTTZeIIJz 7anJnicMjm4gZNNNU6mW2N906PC6TZNO4hVx1mv4Uqve5Xd+PH5BR3xWwD1s6gXV Dvh1kSq42WtVvL0IkS38q+YUqS++WBMr9CUytHy6ZGNMJi4rUL0= =lqII -----END PGP SIGNATURE----- --TRUFA8PcfifRBxwC--