Francisco "ArticMine" Cabañas
Francisco Cabañas (articmine@getmonero.org): Based in Canada, Francisco holds a PhD and MSc in Physics, a BSc in Physics and Mathematics, and has extensive business and non-profit experience. He has actively researched and invested in cryptocurrencies, since 2011, and focuses on the economic, social, regulatory and long-term economic viability aspects of cryptocurrencies. Francisco has researched and studied scaling. POW security, spam mitigation, fees, fee markets and the adaptive block weight in Monero since 2014. He is currently working on the scaling, spam mitigation and fees of Monero, ahead of the upcoming fork of Monero to implement the Full Chain Membership Proofs plus plus (FCMP++) privacy and fungibility upgrade. Francisco also has been a Core Team Member of the Monero Project, https://getmonero.org/, since 2016.
Session
The Bitcoin security budget has profound implications for the long term security of Bitcoin and similar proof of work cryptocurrencies. In this talk we discuss the various types of transaction fee markets for different cryptocurrencies and the possibility of transaction fees replacing falling block rewards to provide security in the future. The results from our analysis of the Monero fee market in particular do pose some very serious questions regarding the long term security and viability of cryptocurrencies that do not have a minimum fixed block reward or tail emission. We will discuss these questions and their implications for the possibility of a worldwide peer-to-peer electronic cash system.