Post
Topic
Board Bitcoin Discussion
Re: The only acheivement of spam attack is prevention of scalability!
by
Herbert2020
on 03/03/2017, 06:49:21 UTC
addressing the FUD that spam is related to pools wanting income:
pools do not care about fee's as a NEEDED INCOME. to them its just a bonus. and will continue to be a bonus for a couple decades.
the block reward will be sufficient enough to cover real costs.

just to be clear, i fully agree with this. the 12.5BTC the miners get is more than enough even when price was still at $600-$700 range. and now it is pure profit with the current $1200+ price which is continuously rising.

all i am saying is that they are extra happy with the additional 1BTC ($1200+) (1.5 current total fee - 0.5 previous total fee) profit they are getting because of the spam attack and this additional profit is rising out of control and soon will be 1.5-2BTC additional profit more than they deserve.
and these numbers are just for one block, multiply it by the total number of blocks these pools mine each day, it accumulates fast.

and that can be enough reason for them not to adopt any of the solutions because it leads to spam attack to stop, fees going back to normal and their bonus to disappear.