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Today's mining software already ignores transactions like this. Miners select the highest paying transactions first. When the block is full they ignore the re
by jcoffland 10y ago
Today's mining software already ignores transactions like this. Miners select the highest paying transactions first. When the block is full they ignore the rest until the next round. This makes flooding the market expensive.
- bduerst 10y ago>Not hard to do for someone who manipulates currencies and has large cash reserves.
- jcoffland 10y agoSure you could push the transaction cost up for a little while if you're into throwing money away.
- bduerst 10y agoIt's not throwing away if you were going to flood that currency anyways, and just used BTC instead of gold as the intermediary. I did the math above, and if you wanted to save money on attacking the network with your own mining, you could spend up to $71 per transaction on every transaction.