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If both transaction fees and the coinbase are zero or negligible, there is potential revenue in mining: to reverse transactions and rip people off. Altruism ce
by tdryja 11y ago
If both transaction fees and the coinbase are zero or negligible, there is potential revenue in mining: to reverse transactions and rip people off.
Altruism certainly exists, but assuming that altruistic actors (rather than self-interested actors) will expend more resources than attackers is a very different security model than what Bitcoin is designed upon.