https://mempool.space/block/00000000000000000000c2a3e7f770a0617ac8693946ed7c62d895300f88e79d
Discussion
What are the blue dots?
non standard transactions that were not accepted or relayed by default mempools
floodgates are opening
The blue I think specifies that those transactions were not seen in the mempool before being added to the block, meaning the miner added them manually. Looks like most of them are non standard transactions too.
Do miners add them to improve their take-home fees?
Yes.
Yeah exactly, its all about the financial gain really. Those blue transactions are likely paying a premium, and are occurring out of the mempool.
To see a block that full of transactions that were never seen on the mempool is a bit disconcerting to me, as it means fee prediction can't be accurate, and the large miners are getting a further advantage over small miners because people go straight to them with these special transactions.
Its one of the reasons to remove the OP_RETURN limit... but I don't know where I stand on it yet. still need to research a bit more.
Go learn what that picture is at the nostr:npub1dwah6u025f2yy9dgwlsndntlfy85vf0t2eze5rdg2mxg99k4mucqxz7c52 and nostr:npub1vmpf90hq56wzyxht6teg3llpa74rzcepw9suj5unxl3tph24zd4qgtxhm7 conference this week in Austin! Shit is gonna be lit!
That a bunch of out of band transactions
ahhh shit here we go again
complaining about spam manifests spam
Thanks for posting. That's a very interesting/informative chart.
Brought to you by MARApool, the company who tried to normalize βOFAC Compliantβ blocks. Fuck Marathon.
congrats on this, seriously
I just hope Marathon goes bankrupt.
THEY HAVE BEEN NET NEGATIVE FOR #BITCOIN.
MAKE BITCOIN MONEY AGAIN...!!!
why are nodes useful if miner act like this without any control ?
If tomorrow 100% of the block is blue, it is ok for everyone ?
There seems to be a real problem with mining pools not using the mempool to construct blocks. We should figure something out that doesn't involve making spam worse.
Maybe we should just start the mempool vs out-of-bad wars now. Personally, I don't see a future where almost entirely blue isn't the norm - and it doesn't really have anything to do with inscriptions. It will just be the natural incentives for the big players to settle the price of block space well ahead of time so that their related expenses (or revenues) are way more stable/predictable.
We idelogues will still stubbornly insist on constructing blocks via mempool; but, we will collectively lack the ability to mine blocks at scale by comparison.
Imagine a future with countries + massive corporations + others - mining their own block/transactions and being relatively *fee agnostic* for a few blocks later going for max profit
Could get wild
Why donβt they do regular transactions with higher fees ? What is the incentive of these?
Forget about the individual transactions... stop the mining pools from selling block space out of band altogether... Maybe someone can come up with an option that would be an addition cost to them; but would be less bad for the network as a whole? They would choose to do the right thing, then, for sure.
This is what attempting to censor via node filters looks like. You just drive actors in mining dark pools which probably leads to increased centralisation over the long run.
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Transaction fd288e5c67699debd421a3e9e6a77cf705c411636d2a3e9a0dff5ca904f10562 from that same block shows us the spam.
Is this good? No. πββοΈ
Will I host full nodes regardless of what happens? Yes. π€·ββοΈ
The #Bitcoin / #BTC blockchain will be stored regardless of size; let them run out of money, it happens every time.
They can't outpace exponential function gain. π€