Cause the fee system is flawed and they are attacking the flaws.
2 big pools that do not pay fees to miners is all you need to this attack. They do not need the ordinals BRC20 shit to do it.
Simply send 0.0000050 enough and pay 1 sat per byte since you control your pool take those first you can
greenlight 1 sat per byte. Fill 60% of every block. The remain 20% people pay big fees
500sats 400 sats 300sats.
So 40% of 500 = 200 sats.
60 percent of 1 = .6 sats
the block averages to 200.6 sat fee
you and the other big pool earn 50% of the blocks
you get ½ your fees you paid back
but you get ½ of the high fees back
= big money manipulation and profits.
also it will drive btc price downwards as who wants to pay 500 sats a byte.
2 big pools that do not pay fees to miners is all you need to this attack. They do not need the ordinals BRC20 shit to do it.
Simply send 0.0000050 enough and pay 1 sat per byte since you control your pool take those first you can
greenlight 1 sat per byte. Fill 60% of every block. The remain 20% people pay big fees
500sats 400 sats 300sats.
So 40% of 500 = 200 sats.
60 percent of 1 = .6 sats
the block averages to 200.6 sat fee
you and the other big pool earn 50% of the blocks
you get ½ your fees you paid back
but you get ½ of the high fees back
= big money manipulation and profits.
also it will drive btc price downwards as who wants to pay 500 sats a byte.
couldn't a mining pool just create a block with only say 10 transactions which represented the highest fees of all the transactions in the mempool? thus having an effect of slowing down the network. why would they need to include any of their own transactions? or if they really wanted to mess bitcoin up just mine empty blocks then no one could get a transaction through...
