Replying to Avatar arkinox

This attack requires the attacker to buy billions of dollars worth of bitcoin and believe it is worth more to them to burn it in fees than to hold it. This attack strategy will not only cause a massive price spike in #bitcoin spot price but also make miners incredibly rich. This sudden increased profitability will incentivise more miners to enter the market. Increased spot price usually causes retail to enter the market too. Increase news cycle, increase adoption. It sounds like an accelerant to hyperbitcoinization.

Combine these upsides with the fact that the attack would be temporary and I don't see it as a very effective strategy at all.
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Leo Wandersleb 2y ago

With a printing press, sustaining such an attack is possible. It's $2B/month for a $100/tx price level.

Which level would be too expensive for the printing press though? Cause $100/tx is what I expect in ten years anyway even without any such attack so artificially bumping it to that level now, might just push the development of LN and other layer two solutions.

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