Peter Todd [ARCHIVE] on Nostr: 📅 Original date posted:2022-07-11 📝 Original message:On Mon, Jul 11, 2022 at ...

📅 Original date posted:2022-07-11
📝 Original message: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
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