To use the specific nomenclature of BIP300 (had to reread, it’s been a while), the majority miner (51% attacker):

1. Creates a withdrawal bundle (M3) either assigning themselves the coin, or sending all the coin to the fee (or any combination).

2. Mines otherwise regular, valid blocks using M4 signaling to vote for their own bundle(s), earning mainchain fees and subsidy along the way.

3. After 13150 blocks, includes an M6 transaction to sweep the locked coins and update the CTIP.

Reply to this note

Please Login to reply.

Discussion

No replies yet.