The halving is now less than 50 blocks away and I'm not seeing an onslaught of epic memes. I assume everyone is holding them for the Zapathon / Halvathon?
Discussion
nostr:note1d8m2wsflmls5c26rv6w35kmup3hg8apeg2aj07p0dwapj02fdexsukh43t
well tag #halvathon and let's f... go. I started 2h ago.
I'd love to see how many transactions are there already with a block height set to 840.000. The bidding war might be on already and if not, it certainly will be on an hour before the halfing.
I assume there's going to be a lot of fuckery and if certain miners win that block, it won't even matter as they'll fill it with out of band transactions.
it's all fuckery. rare sats my ass
Out of bands is only secret bidding. So there might be transactions that advertise to pay 120sat/vB but they pay the pool an extra amount of X to get it confirmed. They might even have arrangements to pay the n-th percentile fee of that block up to $$Y.
Now that I think of it, out-of-bands not only makes things opaque for users who don't know how much they have to pay to get next block confirmation. It's also opaque for miners that don't know how much the pool actually earns in fees. Both is terrible for decentralization of mining.
Sorry...I'm too busy with the party in my head!!!!
IDK about you, but who's feeling the vibe???
#Nostr #Disco #Dancestr!!!!
Wow halving. Follow me