Re: [bitcoin-dev] Security problems with relying on transaction fees for security

2022-07-14 Thread Manuel Costa via bitcoin-dev
t;>> So, fortunately, even if "tail supply attackers" will win, we will still >>> have a chance to counter-attack by burning those coins, or (even better) by >>> locking them in an endless circulation loop, just to satisfy their >>> malicious soft-fork, w

Re: [bitcoin-dev] Security problems with relying on transaction fees for security

2022-07-13 Thread Manuel Costa via bitcoin-dev
> What about burning all fees and keep a block reward that will smooth out while keeping the ~21M coins limit ? This would be a hard fork afaict as it would go against the rules of the coinbase transaction following the usual halving schedule. However, if instead we added a rule that fees have

Re: [bitcoin-dev] Bitcoin covenants are inevitable

2022-06-19 Thread Manuel Costa via bitcoin-dev
"Long time listener, first time caller". Just sharing my 2 sats: While I find it stimulating, I think this discussion (and other similar doom-like scenarios) is somewhat irrelevant in practice. When the time comes and if we start seeing issues with block rewards being too low to maintain

Re: [bitcoin-dev] Mock introducing vulnerability in important Bitcoin projects

2021-10-03 Thread Manuel Costa via bitcoin-dev
Good morning everyone, Just wanted to point out a few things for discussion which may or may not be obvious: 1) A simple scheme as described by ZmnSCPxj first can lead way for a standardized process where people can excuse their legitimate attempts to actually introduce vulnerabilities, where