Loltiamo
The good old fundamental law of crypto strikes again: you get the opposite of what you have been told.
Anarcho capitalistic bitcoin cash executes a developer tax. And Amaury, in his black-yellow libertarian cardigan, smiles...
Why do they think it will work this time? Similar events, like zcash and devcoin, have been anything but a success. Like with all institutions ordered to give money away, it end as a mix of fear, greed and corruption. Especially libertarians should know this.
Does this make taxcoin more vulnerable?
I dont full crasp the mining economic. Will bch loose 12.5 percent of hashrate, or will mining be permanently less profitable for the governing miners? I guess the first.
A subversive miner will be 12.5 percent more profitable than the governing miners. And, if I understand this correctly, 12.5% more profitable than mining on btc and bsv.
An attacker can also try to double spend. Orphaning all miners, which don't pay taxes, creates a predictable 1conf double spend opportunity. Given the decreasing block rewards, it should not cost much more than 2000 dollar.
The longer an attack lasts, the higher the costs to orphan. The double spend could reach 3 or 6 confirmations, reorganizing the blocks will create mass confusion.
You get the opposite of what you have been told. What kind of drama did
@Peter R and Emin and so on cast about the unpredictable orphans of bsv - and now they have to accept that bch introduces predictable and cheap orphan opportunities.
To maintain this regime, the Chinese miners must be very confident that they can quickly mobilize a majority of ALL sha256 hashes. And that they have enough resources to not just give Awa 12.5 percent of rewards, but also to be able to occasionally mine against a higher difficulty to govern the chain.
This is a message. Maybe it's also a test to dominate bitcoin.
Do you really want to have a couple of rich Chinese ceos, likely in dependence of the governments goodwill, be able to execute any rule they want?
The fundamental law of crypto. We, the bsv gang, always cheered for miners to use the power they have. That was the whole story of the hash war. Now bitcoin cash demonstrates this.
