By 0-fee mining, do you mean the off-chain agreements the inscribers are making with a mining pool?
Discussion
Yes. It’s not “zero-fee” in that they’re not paying anything, but the fee is out-of-band (ie: not included in the TX).
It’s anti-social, and unnecessary, though it’s not a consensus issue. There’s no reason the fee *couldn’t* be encoded into the TX itself, even for a directly mined TX. If the fee is in the TX, then the direct-miner is still guaranteed to receive 100% of it.
Only reason to hide the fee is to intentionally obscure what is being paid, which is why I take issue with it. On a few small TX, it’s not a big deal, but if it becomes common, especially with big TX, then I believe it starts to negatively impact the fee market, and negatively affects ASIC operators.
To be clear, I have no issue with direct-mining of TX. Plenty of reasons for that. But put the fee in-band.
ASIC operators should hold their pools accountable for taking these TX, by moving pools.
If it negatively impacts miners, it will not be allowed.
Whether its worth it to prevent that from happening or waiting for that equilibrium to manage itself, that is the debate that were having.
...right?
I think so.
Part of the free-market reaching the equilibrium state is ensuring that all information is out there, so I’m doing my part by putting what I see out there 🤣
That’s why I said “ASIC operators should hold their pools accountable”
I could be wrong, of course, and many ASIC operators might totally not care about this.
Personally, unless there’s something extreme, I don’t think I’d support a consensus change that forces an equilibrium state. To me, the downside risk there is bigger. If you take the position that these are “unintended consequences,” what’s to say that a new change to fix this consequence doesn’t cause more issues.
Yes, but with that being said,
I believe a move to change things because we dont approve of the blockspace usage is very Ethereum-esque.
Its antithetical to the idea of moving with intent, patiently, allowing organic use wherever that may be.