assault – Transaction Denial of Service
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If the BTC community can solely solely deal with on common 2,759 transactions per block.
Throughout a interval the place whales try a mass dump, might they basically carry out a DoS assault the place they make a lot of transactions with greater miner charges than regular, to dam unsuspecting community friends from additionally dumping their cash.
This may enable them to have greater potential good points if they’re the one ones who could make a transaction in a ten minute interval.
There is part of recreation principle that was designed for safeguarding bitcoin, if some whales need to spend 10 000 satoshis per bytes spamming transactions for 1 month it’s gonna value them some huge cash, and nothing stop somebody from paying 10 001 satoshis per bytes in order that its transaction is mined permitting him to dump forcing the opposite whales to now spam 10 002 satoshis per bytes and extra.
It’s also price noting that whales have an incentive to guard the bitcoin community as a result of they rely on it and something rendering the community suspicious will decrease the worth.
Welcome to Bitcoin.SE! Technically that’s not a part of an assault because the mempool filters will not be bypassed. It’s as much as every node whether or not to simply accept a transaction into mempool dependant on transaction validity but additionally different elements which can embody the price sat/byte.