Subject: Re: [bitcoin-dev] Security problems with relying on transaction fees for security

From: Peter Todd <[email-masked]>
Date: Mon, 11 Jul 2022 17:36:52 -0400

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.
> >
> 
> 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.)

...and that's a disaster for mining centralization, because the smaller miners
need to pay larger bribes than larger miners. Not to mention having to keep
capital around to do it.

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