Martijn Meijering [ARCHIVE] on Nostr: 📅 Original date posted:2016-07-26 📝 Original message:- Flags will be mined ...
📅 Original date posted:2016-07-26
📝 Original message:- Flags will be mined selfishly, and not published until the advantage
gained from withholding is less than the mining reward. This effect may
kill the decentralization features, since big miners will be the only ones
that can selfish-mine flags. Indeed, collusion would be encouraged... just
ship the flag to the miners you do business with, and no one else. At the
expense of loss of flag revenue, your in-group would gain a massive
advantage in main-chain mining.
---
Is there a reason miners would be more likely to engage in selfish
mining of sync flags than they are now with ordinary blocks?
📝 Original message:- Flags will be mined selfishly, and not published until the advantage
gained from withholding is less than the mining reward. This effect may
kill the decentralization features, since big miners will be the only ones
that can selfish-mine flags. Indeed, collusion would be encouraged... just
ship the flag to the miners you do business with, and no one else. At the
expense of loss of flag revenue, your in-group would gain a massive
advantage in main-chain mining.
---
Is there a reason miners would be more likely to engage in selfish
mining of sync flags than they are now with ordinary blocks?