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What stopping a state level attacker from filling bitcoin blocks with standard but washed transactions, always paying a higher fee than everyone else. This seems significantly cheaper than trying to d...

ODELL @ODELL 1704204064

PROBABLY WOULD COST $5-$10 BILLION PER YEAR DEPENDING ON WHAT FEE RATE THEY CHOOSE TO DEFEND.

THAT MONEY WOULD GO STRAIGHT INTO MORE MINING INFRASTRUCTURE. NOT A BAD DEAL.

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MY THOUGHTS EXACTLY. THEY WOULD ONLY BE ABLE TO DEFEND AS LONG AS THEY REMAIN SOLVENT PAYING HIGH ENOUGH FEES TO OUTBID ALL OTHER TRANSACTIONS. NOT LIKE THEY CAN CONTINUALLY PRINT MORE BTC TO PAY FOR THEIR EVER INCREASING FEES.

PABLOF7z · 114w

and in bitcoin which means the state needs to buy the corn and can't sell it

They’d likely need more like $15-$30B annually to be able to allocate $5-$10B per year due to the multiple layers of bureaucratic “skimming” of the funds before it reaches the final destination.