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Indeed, [1] shows inherent issues with coins that rely purely on transaction fees for eventual security. [1] On the Instability of Bitcoin Without the Block Re
by tromp 8y ago
Indeed, [1] shows inherent issues with coins that rely purely on transaction fees for eventual security.
[1] On the Instability of Bitcoin Without the Block Reward http://randomwalker.info/publications/mining_CCS.pdf http://randomwalker.info/publications/mining_CCS.pdf
- tromp 8y agoAnd more recently, [2], which curiously only considers abandoning PoW in order to deal with issues caused by dwindling block rewards. [2] Beyond the doomsday economics of “proof-ofwork” in cryptocurrencies https://www.bis.org/publ/work765.pdf https://www.bis.org/publ/work765.pdf