Nostr Web Client

why do people keep linking me this scammer, go read stuff by people who actually understand how bitcoin works, like this very informative answer by sipa

https://bitcoin.stackexchange.com/a/127903

nicnym 3mo ago

"Speaking for myself, I hope you believe me when I say that is not the motivation at all. I think these use cases are temporary hype cycles, and not rational use of blockchain space, but the market can stay irrational for a long time. However, I believe that attempts to discourage these use cases through node relay policy, in the presence of widespread evidence that miners accept these transactions anyway, are ineffective, akin to making nodes bury their heads in the sand, and ultimately harmful to the decentralization of the system at large."

How is it harmful to decentralization if we set our own mempool relay policy?

How does changing the default settings to relay bigger op_returns NOT increase the potential for images to be relayed?

Don't see anything new in this answer.

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Discussion

ManyKeys 3mo ago 💬 2

Because the folks who want to issue junk on the chain opt to go to specific miners directly to include their junk. These specific miners then outperform smaller miners due to the fees they receive in this manner — rinse and repeat this be behavioural pattern and soon we have centralization of mining.

The reason why they go about this way is because if they just send their non-standard txs to the mempool of their nodes the propagation path for remain scarce because of the data carrier limit. This limitation feeds this behaviour.

nicnym 3mo ago

....please continue your logic....

the current default setting- (filters)

feeds behavior- (special action/cost required to publish spam)

Solution: change the default setting so it is easier to publish spam.

****

ManyKeys 3mo ago 💬 2

It seems very odd you leaving a real risk here: miner centralization. Focus on what's important.

nicnym 3mo ago

More spam doesn't help petahash miners to solo mine.

ManyKeys 3mo ago 💬 2

Filters provide greedy miners that put profits above Bitcoin's network health an edge — that's the real attack vector worth everyone's attention.

nicnym 3mo ago

thanks to mara slipstream- created by anti-knots activist PortlandHodl. Any other examples?

ManyKeys 3mo ago 💬 1

That's a precedent that will only multiply if propagation path remains scarce; meanwhile, junk hype cannot sustain itself by constantly outbidding standard use case. I'm as anti-junk as you but I try to look at things objectively.

nicnym 3mo ago

If PortlandHodl didn't literally create slipstream, you wouldn't have this argument in favor of less restrictions on spam. Awfully convenient, or are you still intellectualizing?