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Wednesday, 3 March 2021

what would happen if you make 200 000 tx of 1 sat/byte on BTC, all to yourself and then

you wait until the fee estimators see those 200 000 tx in the mempools and respond to it. Once you see more tx going in the mempool that pay more then 1 sat/byte you would replace by fee all the the tx and now go for 2 sat/byte, once the fee estimator algo's respond to this you would 3. More and more and more.

Technically at one point you could stop and after 2 weeks most of your tx would get kicked out of all the mempools and this fee attack would not cost you anything.

Is my reasoning correct, or am I missing a whole bunch of stuff?

submitted by /u/i_have_chosen_a_name
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from Bitcoin - The Internet of Money https://ift.tt/3bZZxsu

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