Let’s imagine that a pool that uses stratumV2 has 60% hashrate in a configuration where it is the miners who choose the transactions, can the pool make a 51 attack?
#asknostr 
nostr:note1jw45f8tke6tlr7h3csdjwy5znfr7uke00q62alg8q0wftlm3ljksdl4tlk
Discussion
Possibly, this is one of many reasons why #Bitcoin #transaction #fees have to go.
Bitcoin doesn't need them. They damage Bitcoins economic model, and incentivize all kinds of bad stuff.
Bitcoin transaction fees have to go immediately. If the current developers don't remove them quickly.
Then we need to change Bitcoin development and maintenance and probably take legal action.
Further, my hope is at the #SEC will not approve any #ETF until the transaction fees are removed from #Bitcoin.
Bitcoin with transaction fees and an #ETF passes the Howey test. Becoming an unregistered security.
Consequently the #SEC would be compelled to act against #Bitcoin..⚖️👮♂️
The end of transaction fees would instantly kill Bitcoin.
Tell me how? 😊
Because at the end of the era of subsidy only the fees will encourage minors to mine, but above all the fees prevent spam.
It turns out neither of those assumptions is correct. They haven't prevented spam.
As you know the #blockchain is being bloated with all kinds of #spam. Called #inscriptions #ordinals #nfts #tokens etc.
They do the above to artificially drive up fees. Which frankly is theft.
With respect to the end of the block subsidy. Trying to make a prediction about fees a hundred years from now is folly.
100 years from now Bitcoin will return to its original design as a #self-contained #P2P Cash system. Exactly the way that Satoshi designed it, and how I first used it.
Smartphones and raspberry pi will be enormously powerful.
People will process Bitcoin blocks on their smartphones etc. For free. Just like Satoshi said.
Satoshi didn't incorporate fees in his original design. Do you really think the designer of Bitcoin didn't know what he was doing?..😊
Transaction fees are part of the Bitcoin white paper written by satoshi, they were not required at the beginning because there was little demand for block space.
Without the fees we would have 4MB blocks filled with inscriptions, without the fee the miners would not even know which transaction to take first, they would take transactions at random because they would have no economic incentive to mine transactions.
First of all #inscriptions have to go, and probably #taproot along with it. It's just more trouble than it's worth. It's full of front doors and back doors. Which are all security threats.
Most importantly, Bitcoin doesn't need any of that garbage. Transactions should be on a first come first serve basis. They're trying to make Bitcoin and unregistered security. We can't allow that.
We have to make a clean break. We can't let Bitcoin go down with them..⚖️👮♂️
See below 👇😊
nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk maybe you know?