ossification and misaligned incentive concerns

Posted by Erik Aronesty

Nov 5, 2023/14:59 UTC

The writer of the email challenges the common notion that miners provide network security. They argue that miners only offer double spend insurance and nothing more, which consequently limits the size of transactions and the number of confirmations required for clearance. However, the writer asserts that this does not ensure security for the rest of the network. They emphasize that their private keys are private and their note is fully validating, meaning that miners have no control over it. The writer advocates for abandoning this narrative surrounding miners' role in network security.

Please note that this extracted summary is relative to the size of the email and may vary accordingly.

Link to Raw Post
Bitcoin Logo

TLDR

Join Our Newsletter

We’ll email you summaries of the latest discussions from authoritative bitcoin sources, like bitcoin-dev, lightning-dev, and Delving Bitcoin.

Explore all Products

ChatBTC imageBitcoin searchBitcoin TranscriptsSaving SatoshiBitcoin Transcripts Review
Built with 🧡 by the Bitcoin Dev Project
View our public visitor count

We'd love to hear your feedback on this project?

Give Feedback