Mining decentralization is what we should focus on in the coming decade
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This might actually be the most important Bitcoin work of the next decade. Adoption means little if decentralization doesn’t scale with it.
Yes sure
But the reality shows use that no matter how many nodes you have, only mining nodes have bargaining power so to speak
Pointing the bitaxe to a pool doesn't even cover the cost of data to run the bitaxe.
HAHAHAHAHAHAHAHAHAHAHA, now we should focus on it... LO-FUCKING-L
* when using the US dollar as a unit of account.
They are still on my to do list 😩
And some hardware wallets
One of the many….
All of them “necessary but not sufficient in and of themselves”.
It’s happening though. Don’t believe the doom hype from all the armchair quarterback nihilists.
Stay vigilant. Keep building. 🪬🫶
Nah. Mining is fine. Focus on adoption.
You could just buy Bitcoin and you would get more than mining. A bigger holder is worth more than a signalling pleb throwing money away.
Again. If you consider dollars money, and if you don't see decentralizing bitcoin mining as important.
I'm what world are dollars not money? And Bitcoin mining is fixed by it's design. It's designed so that mining will always be decentralized enough. My goal is to see a world where the dollar is not money. For that people have to start using Bitcoin. Adoption is more important than mining.
Foundry, Ant Pool and F2pool control almost all the hashrate. They are all controlled by either the U.S. government or China. All the big US miners require KYC/AML compliance, and very few allow individual miners to control their own hash rate. The only exceptions I can think of are Ocean and DMND. Stratum v2 may eventually improve things, but that's a long time off. I agree that adoption is critical. I just think miming decentralization is as important.
You know what happens when a miner wants to pretend they can control or influence the network with their hashrate alone?
I'm not sure. Look at Mara mining. Remember this:
Nation states are more involved with the industry now than they were back then. Also, Mara didn't have the hash rate to ignore sentiment. Foundry does. Big institutional miners just care about the bottom line and fiat profits. They won't give a second thought to miner policy.
MARA
Marathon Digital Holdings Becomes the First North American Enterprise Miner to Produce Fully AML and OFAC Compliant Bitcoin
Company Successfully Directs all of its Hashrate to the Marathon OFAC Pool, the First North American-Based Bitcoin Mining Pool, Fully Compliant…...
If they wanna front like they control the network they can fork off. There is no incentive for miners to be bad.
No incentive? That's why Mara did it. To appease the U.S. government every large pool is KYC/AML. Censoring transactions from "rogue states" like Iran and Russia are next. That's if they stick around rather than switch to becoming AI data centers. Off topic: It's nice being able to have a back and forth on nostr. I feel like any kind of engagement is tough here. 😀
Miners work under the profit motive, they don't have to be bad or have bad intentions.
Just apathy and greed is enough.
Node runners don't get paid, they're volunteers that actually maintain the chain.
Node runners don't want to host csam, miners just care about getting paid.
Enjoy your digital real estate bullshit.
Enjoy not being able to spend it because the fees will be too high when all the media uploads.
So your assumption is the spam makes the financial transactions too expensive and not the other way around. You don't understand data storage then.
OCEAN >>> RandomX or whatever "ASIC resistance" algorithm you use to disincentivize mining.