{"type":"rich","version":"1.0","author_name":"npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0","author_url":"https://nostr.ae/npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2022-07-11\n📝 Original message:\u003e\n\u003e Miners will learn to create anyone-can-spend outputs to bribe other miners\n\u003e to build on their block rather than reorg it.  (Due to the coinbase\n\u003e maturity, this will require some amount of floating capital.)\n\u003e\n\n(reward + avg fee) * 144 * 365 (one year) == approximate investment needed\nto reorg the chain for a double-spend attack\n\nin 30 years, assuming fees are still negligible (why wouldn't they be?\nlayer 2 works and layer 3 is coming), that's only 1200 bitcoin.  not really\na lot.\n\nthere's only few things that allow that security budget to be ok\n\n - we assume the price goes up a lot\n - we assume transactions get a lot more expensive\n - we don't care about double-spend attacks for very large transactions\n\ni'd rather engineer block demand than ignore it\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220711/4d93ee87/attachment.html\u003e"}