Replying to ₿itcoin

I have this feeling that blackrock and the likes would try to "buy" their preferred timechain by supplying big economic activity with much transaction fees on that particular chain, hoping that #miners would feel incentivized to mine that particular chain.

This would be a real threat. #Homemining, #nostr and decentralized stratum_v2 will be crucial to combat this.
3c
₿itcoin 2y ago

#bitcoin

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RealJohnDoe 2y ago

#Bitcoin is under attack from several directions. Artificially inflated #fees and theft because of #inscriptions and #ordinals etc.

Blockchain bloat. Making it harder and more expensive for ordinary individuals to run their own #fullnode and be completely #Bitcoin self sovereign.

I think we have to drop back to pre #TapRoot Bitcoin. #Murder #inscriptions and #ordinals etc. Then suspend all transaction fees until we near the end of the block rewards..💀

3c
₿itcoin 2y ago

Suspending fees would not be a good move. The whole motive of #satoshi_nakamoto was probably to:

replace the standard reward (supposed for the genesis when amount didnt really matter) gradually with

a #miners income that will always fit okay in general, because the fee market determines the rate.

This is also why the #blocksize should not have been increased, even 4 mb is too much. It messes up the design, which was "replace the standard reward as fast as possible with a market determined PoW reward based on demand, AKA the feemarket."

Atleast that is the coïncidental good outcome that probably was not coïncidental.