That guy is going to easily make back his 150 BTC with interest, if he is short BTC. Should be a clear signal for the market to trend lower, probably below $180 by the time of the test.
On 23 August 2015 at 19:08, jl2012 via bitcoin-dev <[email protected]> wrote: > Someone is going to burn 150BTC to create a backlog of 30-day in September. > https://www.reddit.com/r/Bitcoin/comments/3hgke4/coinwallet_says_bitcoin_stress_test_in_september/ > However, the money could be spent more wisely by encouraging mining of the > first few big blocks > > Assumptions: > 1. OP_CSV and BIP68 are enabled > 2. Max tx size remains 1MB > > The donor will create a transaction, with an input of 150BTC, and 10 > outputs: > 1. 0 BTC to "OP_RETURN <garbage>" > 2. 42 BTC to "OP_1 OP_CSV" > 3. 21 BTC to "OP_2 OP_CSV" > 4. 10.5 BTC to "OP_3 OP_CSV" > 5. 5.25 BTC to "OP_4 OP_CSV" > 6. 2.625 BTC to "OP_5 OP_CSV" > 7. 1.3125 BTC to "OP_6 OP_CSV" > 8. 0.65625 BTC to "OP_7 OP_CSV" > 9. 0.328125 BTC to "OP_8 OP_CSV" > 10. 0.328125 BTC to "OP_9 OP_CSV" > > The first output will fill up the size to 1MB. > > This tx could not be confirmed by a pre-hardfork miner because the coinbase > tx will consume some block space. The first big block miner will be able to > collect 66BTC of fee. The block confirming the first big block will collect > 42BTC of fee, etc. This will create a long enough chain to bootstrap the > hardfork. > > The amount is chosen to make sure the difference is <25BTC, so miners would > have less incentive to create a fork instead of confirming other's block. > However, a miner cartel may launch a 51% attack to collect all money. Such > incentive may be reduced by adjusting the distribution of donation. > (Actually, such cartel may be formed anytime, just for collecting more block > reward) > _______________________________________________ > bitcoin-dev mailing list > [email protected] > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev _______________________________________________ bitcoin-dev mailing list [email protected] https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
