Instability Without Block Rewards
Resources
Paper: On the Instability of Bitcoin Without the Block Reward
Problem
Assume the longest chain head has 100 units of tx fees, and the next block is 5 units. Instead of mining the next block to grab the 5 units. A elfish miner would split the previous chain head in half, claim 55 units for themselves, and give 50 units for the next miner.
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