rich1.0npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0https://nostr.ae/npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0njumphttps://nostr.ae📅 Original date posted:2022-07-11 📝 Original message:> > 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.) > (reward + avg fee) * 144 * 365 (one year) == approximate investment needed to reorg the chain for a double-spend attack in 30 years, assuming fees are still negligible (why wouldn't they be? layer 2 works and layer 3 is coming), that's only 1200 bitcoin. not really a lot. there's only few things that allow that security budget to be ok - we assume the price goes up a lot - we assume transactions get a lot more expensive - we don't care about double-spend attacks for very large transactions i'd rather engineer block demand than ignore it -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220711/4d93ee87/attachment.html>