I seriously doubt many pools are discussing how to limit their revenue.
Quite the opposite - they love the recent developments that have boosted fees.
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Lopp didn’t you support XT which had actual blacklisting and tor fuckery in it.
The real question is: when the government forces companies like RIOT and MARA to censor transactions, will they comply or move their hashrate to a different jurisdiction? How will market participants respond to their decision. And how long before capital controls become “those machines don’t leave our borders” controls?
Welcome to the future motherfuckers
Maybe not pools exclusively, but someone is paying attention and taking notes.
Yes. And if they are juicing the mempool with garbage ordinals, eventually that ponzi will die out.
In the meantime, everyone learns a *little* more about lightning and node configuration.
Can’t stop the signal.
Lol. Hashrate will move, regardless. Their may be pain during transition but the net result will be even more decentralized mining as the non-“public” miners move to other locations/pools with better conditions.
Either the economics of bitcoin work, or they don’t. They are based on allowing the free market to do its thing. I don’t believe this can be stopped. If authorites squash/capture one market, two free ones will pop up to replace it due to incentives alone.
Nah, if there is any brains at all with the authorities, best to keep a quiet eye on it as-is less they force it adapt and decentralize even further. China made a big mistake. I suspect the IS may learn from that.
Perhaps because I say what I think rather than conforming to whatever the current popular narrative is; I've been cancelled countless times.
Also, I think there's plenty of room for non-Bitcoin crypto networks that offer different utility. I explore many technologies and I don't apologize for it.
People tend to form a mental model of me based upon my posts they've seen, then they get upset when I do something that breaks their model.
IDK about "good" vs "bad" guy because it's subjective. I consider myself good because I've educated many people and also helped many folks secure their funds. I don't defraud folks - the services I provide are quite transparent, even if some folks disagree with them.
I supported BIP101 which was implemented in XT.
You're thinking about a change that deprioritized connections from tor exit nodes to mitigate DoS attacks conducted via tor to fill up connection slots. I was neutral on that one.
Never meet your heroes. 😏
boosting fees with garbage transactions (ordinals) is not what i consider growth, especially of a global monetary system
Zoom out. Self-regulating systems take time to weed out the noise.
Imagine not seeing how this is the same argument certain environmentalist used against bitcoin, about electricity usage.