I think what has been missing in #bitcoin is 2 things

1. Simple way to mine

2. Incentive to do it

The bitaxe and nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu address #1

I’m just now seeing the incentive for #2

The incentive for mining on an individual level is not the block subsidy…

It’s the fact that, if everyone can acquire hashrate and make the same choice (band together, mine a block) then the incentive is to be the *first* to make that choice - and profit

What we’re learning in the block party is how to coordinate the same choice - where, much like the first buyers of bitcoin, the early miners in a block party are rewarded - if they can pull in enough people to mine the block in time!

It’s an idea in progress..

Come learn with me - I’m coordinating the same choice and trying to mine a few sats.

upendo.rigly.io