Nostr Web Client

I'm surprised people would be talking about something so improbable.

It's kind of tough to purchase/acquire(?) hundreds of thousands of ASICs, spend billions in infrastructure and divert tens of GWs w/o anyone noticing; particularly so when you're bankrupt. Also — imagine what this would do to their narrative (chills).

Sounds like a statist wet dream.

Now what's a "CoinBase reward"?

Moel 2y ago

Coinbase reward is the name of the coins that a miner receives when he finds a block.

First they where 50, then 25, then 12.5 and now 6.25 ₿ per block.

The trick is: these ₿ are “locked” till some time after finding the block. This is for a simple reason: sometimes competing blocks are found and briefly coexist before the weakest chain (with least POW behind it) reorganizes and starts to build on the strongest chain again. This is called a reorg.

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Discussion

Colin Sullivan 2y ago

Ahhh I am aware — in the industry it's more commonly referred to as block reward or block subsidy. I thought he was talking about the exchange ✌🏻