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

2022-07-13 Thread Gino Pinuto via bitcoin-dev
What about burning all fees and keep a block reward that will smooth out while keeping the ~21M coins limit ? Benefits : - Miners would still be incentivized to collect higher fees transaction with the indirect perspective to generate more reward in future. - Revenues are equally distributed over

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

2022-07-14 Thread Gino Pinuto via bitcoin-dev
;> >> - Split blocks into 144 (about a day) >> - A mined block takes all the fees and distributes them equally into 144 >> new outputs (anyone can spend) time locked to each of the 144 blocks of the >> next day. >> - Next day, for each block, we'd have available an