What if malicious club leaders set up 0 rewards for themselves effectively luring enough people to execute attack on chain with purpose of destroying chain? It doesn't require a lot to run a node so this type of attack might be lucrative for competing chains to execute.
Also what stops rich holders sending billions of transactions between their own addresses ammasing mining power of their wallets?
We have discussed these attack on long paragraph in whitepaper, please check out. Thanks.
uh, I guess I had to read at least 4th time to understand it
But it kinda sprung another question. Its unrealistic but anyway, if you reach your mining cap, but there are no other miners, where block reward would go?