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Micah541
npub1ws69...xzeg
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micah541 2 years ago
Anyone know why this connection inside my oven is burning/melting and how to stop it? image
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micah541 2 years ago
I remain quite unconvinced that #drivechains will steal any significant fee revenue from Ethereum. (This seems to be behind the argument that the miners WANT it). Just because there’s a $100 billion rideshare industry doesn’t mean I can get even 1% of that by making a new app and being slightly less douchey than Uber.
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micah541 2 years ago
Quick comments and summary on the #drivechain discussion between Paul and Shinobi yesterday Shinobi's argument: It's easy and riskless to reorg the sidechain, so this will happen, perhaps frequently. This is not disruptive to the L1 chain. Therefore there will be a significant discount between the bids for the sidechain block and the nominal value of the sidechain block. This induces L1 miners to obtain the blocks directly, instead of accepting bids from sidechain miners, which are deeply discounted. Paul: OK, fine, but the discounted value of the block should be near the opportunity cost, so not a huge difference. My comment: Actually, the discounts and risk of reorg are quite different depending on whether you are an L1 miner or a sidechain miner, have more hashrate than other miners, are willing to collude with other miners, or have deep pockets in to destroy opponents in a dollar auction or war of attrition. Larger corporate miners or coordinated pools have a distinct advantage and can be more aggressive and less defensive in reorging the sidechain. Shinobi: Now L1 miners who mine the sidechains get a premium over those who are accepting bids. This gives these miners a distinct advantage. In particular small-time miners are unable to run a sidechain node will be left out economically speaking, which tends mining towards centralization. I didn't quite follow Paul's response, it seemed to me like he was saying, "well that's just how it works" and not recognizing that this would be pushing smaller miners underwater, and that this is a bad thing.
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micah541 2 years ago
Shinobi now on spaces with Paul getting good
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micah541 2 years ago
Elon: I will stand up to help anybody who was fired by their woke boss over a tweet. Meanwhile: image
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micah541 2 years ago
The #bitcoinetf filing has no mention of longest chain, heaviest chain, chains splits, in fact CTRL-F the etf filing for the word “proof “ comes up empty. This should be an issue for regulators image
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micah541 2 years ago
Because everyone knows the name “Joe Biden,” genius. image
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micah541 2 years ago
“The internet needs this measly one-horse institution if only to have some place where people can come without crawling to Elon” image
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micah541 2 years ago
I am curious what the take is over on this site about deliberate misinformation. Over on the “free-speech“ site there’s a bunch of blue checks getting engagement by claiming that the wildfires have been started by climate change activists. This strikes me as not helpful at all. Is this just collateral epistemic damage?
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micah541 2 years ago
When folks say “oh we just UASF if the miners start to act badly” but they’re all still on Twitter.