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Mon, 11 Jul 2022 20:37:12 -0400 (EDT) Received: by localhost (Postfix, from userid 1000) id 3939A5F7C1; Mon, 11 Jul 2022 20:37:11 -0400 (EDT) Date: Mon, 11 Jul 2022 20:37:11 -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="dhzIqwWzIVBrsmFQ" 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: Tue, 12 Jul 2022 00:37:16 -0000 --dhzIqwWzIVBrsmFQ Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable 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. 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