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Presumably high transaction fees to offset the loss of direct reward for mining to keep the engine of PoW running so the network remains secure.
by meheleventyone 5y ago
Presumably high transaction fees to offset the loss of direct reward for mining to keep the engine of PoW running so the network remains secure.
- ajkdhcb2 5y agoThat's what is required for the network to remain secure, but there is no direct mechanism to cause that to happen. You can observe all the other blockchains with weak security as experiments: there is nothing preventing the security from just dropping to the point where it is easy to perform 51% attacks.
- meheleventyone 5y agoAbsolutely but even as someone who is very much against crypto it’s such a massive hole that threatens miners directly I can’t see it going unaddressed. Or the whole thing collapses which suits me just fine.
- deleted 5y ago[deleted]