Likely multiple souces, some originates from BSV, and other places that would like to see btc disrupted, for their own gain. So technically it makes sense.
If you look at the nash equilibrium, there is a neat defense to this, by conceptually splitting the mempool into 3 parts.
The first third is high value tx, who can afford more fees (as a % still low) for priority. Using the nash equilibrium miners and users will be in a contest to drive fees to a sustainable equilbrium. (You pay a bit more for priority).
The final third is the long tail, the poor, developers, L1/L2 transitions, regular users who are price and fee sensitive.
The middle third is the spammers, gamblers, potential attackers.
By stretching out the middle third you can make it much more expensive for potential attackers that want to disrupt bitcoin. The chain remains secure, and sufficiently decentralized, and everyone gets what they want, without significant disruption.
melvincarvalho / Melvin Carvalho
npub1me…t5c24
2023-11-26 17:36:47
in reply to nevent1q…4ctv
Author Public Key
npub1melv683fw6n2mvhl5h6dhqd8mqfv3wmxnz4qph83ua4dk4006ezsrt5c24Published at
2023-11-26 17:36:47Event JSON
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"content": "Likely multiple souces, some originates from BSV, and other places that would like to see btc disrupted, for their own gain. So technically it makes sense.\n\nIf you look at the nash equilibrium, there is a neat defense to this, by conceptually splitting the mempool into 3 parts. \n\nThe first third is high value tx, who can afford more fees (as a % still low) for priority. Using the nash equilibrium miners and users will be in a contest to drive fees to a sustainable equilbrium. (You pay a bit more for priority).\n\nThe final third is the long tail, the poor, developers, L1/L2 transitions, regular users who are price and fee sensitive.\n\nThe middle third is the spammers, gamblers, potential attackers. \n\nBy stretching out the middle third you can make it much more expensive for potential attackers that want to disrupt bitcoin. The chain remains secure, and sufficiently decentralized, and everyone gets what they want, without significant disruption.",
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