Durka Durka core v30, miners sovereign, Durka Durka BIP110 jihad!
Brunswick
Brunswick@stacker.news
npub1c856...6lkc
GM☕ since [759233](https://mempool.space/block/000000000000000000023ab241141d6cd0d0ea2f41295a830a6724407d450211)
I'm not vegan, BTW.
[Free Chauvin](https://alphanews.org/?s=chauvin)
I'm going to go on record so that I'm not accused of supporting another shitcoin, which is the direction @Luke Dashjr and company may be going. Even though changing the hash algorithm solves some problems, it does not address the root problem that exists in Bitcoin.
That problem is block generation centralization, otherwise known as miner pools. There was an attempt at implementing minor block generation decentralization, namely Ocean, but this was just another type of centralization and consequently was not economically competitive, which is precisely why the bulk of miners decided against it. To change the hash algorithm is only another "kicking of the can" and brings with it potential shitcoinery, which I am against. Today we no longer have bitcoin. Arguably bitcoin hasn't existed since taproot and the chain since then has been illegitimate because of the centralization "attack" of miner pools.
However, the root value of bitcoin is heavily intertwined with the amount of energy it takes to produce it. This is why GPU/ASIC resistant alternative hashes actually would supress the price of any associated coin. To reset the hash algorithm to anything at all, will dramatically reduce the demand for the coin because the cost under which it can be produced will collapse to near zero.
Therefore, what we call BTC today, even though it is not truly decentralized as it is billed, still carries high value due to the cost of production, and the perception of utility, regardless of its true level of decentralization.
The correct solution is to change the block reward distribution mechanism to "pay for* hashpower rather than to a single miner, thus to eliminate the role of the miner pool, and to face the reality that today's reward lottery system produces perverse incentives.
I put everyone who "danced on the grave" of BIP110 into my coretards list and took them out of my drfault "follow" list. My normal timeline is so serene. I switch to the coretards list, and all I see is bitching about like, BIP110, shitcoin, crashing out... I swear, I found the drama filter.
Covid should have taught us, the average person will do what they are told, and that is why we are seeing people dogpile on BIP110 proponents.