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 08:21:40PM -0400, Russell O'Connor via bitcoin-dev wrote:
> Oops, you are right. We need the bribe to be the output of the coinbase,
> but due to the maturity rule, it isn't really a bribe.
>
> Too bad coinbases cannot take other coinbase outputs as inputs to bypass
> the maturity rule.
>
> I guess that means the bribe has to be by leaving transactions in the
> mempool.

...and that's hardly a bribe. That's just being unable to mine competitively
because your operation is too small.

Anyway, I think all this is a good example of how mining being dependent on
fee-income makes mining much more complex, and harder to do as a small player.
Not good.

> Also your point about centralization pressure is well taken.

Thanks

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