MartyBent on Nostr: There’s been a lot of talk about the potential for the government to co-opt and/or ...
There’s been a lot of talk about the potential for the government to co-opt and/or seize miners to 51% attack the network or reorg the chain on an ongoing basis lately.
One thing that I think isn’t given enough thought in these discussions is the fact that coinbase rewards aren’t released to a miner until 100 blocks after the block they mined.
Can’t exactly put my finger on it, but I have an intuitive feeling that this is a crucial part of the game theory that many are missing.
Published at
2023-04-19 15:48:53Event JSON
{
"id": "3f4a46df6fb127cf7961be329be1742d1ee7eec96e92c3c1db5b148f0ce8af93",
"pubkey": "472f440f29ef996e92a186b8d320ff180c855903882e59d50de1b8bd5669301e",
"created_at": 1681919333,
"kind": 1,
"tags": [],
"content": "There’s been a lot of talk about the potential for the government to co-opt and/or seize miners to 51% attack the network or reorg the chain on an ongoing basis lately. \n\nOne thing that I think isn’t given enough thought in these discussions is the fact that coinbase rewards aren’t released to a miner until 100 blocks after the block they mined.\n\nCan’t exactly put my finger on it, but I have an intuitive feeling that this is a crucial part of the game theory that many are missing.",
"sig": "c9234c8a94e2e4df546939bc74f38b97509549a54824789b84d5ce0a4b3afeb83941f4189a7148b6255bd44f4b5715831ac69034c44382e718a8314255e7a6b3"
}
