Subnostr

The thing that really turned me against the filter was the realization that all the pissing and moaning was about mempool. They are still validating all those transactions and storing them forever as part of the chain.

That means the effect for knots runners is only a less accurate mempool. Everything else they say is pissing upwind because they won't, and can't fork the chain. They are storing it all forever just like core runners.

The Daniel 🖖 6mo ago

Agreed. Knots is a dead end. Sorry to everyone who wasted their time on it.

Idk if it’s a dead end but Luke lost his Bitcoin because he didn’t store it properly on his computer. Idk if I wanna trust that guy to secure my node.

I don’t understand that part. So all this crying about the end of Bitcoin is just a mempool problem? The spam is still on the blockchain of knots nodes?

A less accurate mempool is a problem for lightning too.

Just mempool. Knots users store the exact same chain and validate the exact same blocks as core users.

And yeah, when spam is low not a big deal. During spam rushes where spam is paying 600s/vbyte you run a real risk of getting robbed for a lightning justice transaction by filtering your mempool when no one else does.

Every knots person I asked if they were willing to fork chains over it said no. The quiet part there is that they are just virtue signaling then.

Luke's shenanigans like begging poverty to the community then losing 100 coins from a hot wallet and blaming core devs are a whole different issue. They are an issue for sure.

I still mine with ocean for my pool mining but I use the no filter endpoint to do it.

See where I’m confused is the chain split possibility. I heard that knots and core stuff can lead to a chain split if certain conditions are met. But I couldn’t understand how that’s possible. That’s my only concern and the reason why I haven’t done any update to my node.

But I agree this all just seems like virtue signaling. I don’t like spam but people are trying to make Bitcoin uphold some moral standard even though they’ve spent years talking about how Bitcoin is for enemies. That means Bitcoin is also for retards that want to waste money on spam.

Pedantic...

Chain split, no one has perfect knowledge so for a bit 2 different chains of the same length but different blocks exist. Eventually 1 chain takes the lead and everyone moves to the longer chain. There will be 1 chain again eventually after a split. The blocks that were mined on the abandoned chain are called orphan blocks. After the merge back into a single chain it is like the orphans never happened.

Chain fork. This is where Litecoin, BSV, BCH and other shitcoins come from. Because block validation rules are different these can never merge back together.

Knots is not a risk of a chain fork given current stated ideology and programming. It is a risk of a chain split.

Does a split matter? Say a big miner like Foundry, 35% of blocks, and a tiny miner like ocean, 1% of blocks, both hit blocks at the same time and split. Which block will most likely be orphaned? During the split each miner follows the chain they heard about first. Well foundry has a guaranteed 35% of all hash following their block. That means ocean is most likely to get orphaned. An orphaned block means I as an ocean miner don't get paid for my hash.

So I'm incentivized to mine with the big pool because fewer orphan blocks means I get paid more. Downside is now foundry gets even bigger and controls mining even more than their current 35%.

So knots is also worse for miner decentralization in case of a chain split

Yep.

Last time I spelled this all out they showed up to call names after they realized I had the technicals rock solid.

Peter Todd is a fucking statist retard though. They could’ve handled this so much better. Lopp also made a bad decision banning bitcoin mechanic for making a valid point about conflict of interest. Everyone acting like children.

You forgot warmongering. nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcuseaka is fucking statist warmongering retard.

Lopp claims he doesn't have admin and someone else banned Mechanic. His words to me when I put him on the spot about it.

Agree completely about bad behavior all around. If you let feelings about the people or their behavior make your decision here you'd end up shutting off your node and selling your stack. Core steam were needlessly antagonistic by removing the setting. If they had left the setting and changed the default none of the controversy happens. Then both sides ran around calling names instead of talking about the technical details.

Skyler Byrden ⚡️BIP 110 ⚡️UASF 6mo ago

Orphaned blocks are rare now, a few per year. This scenario is so improbable it’s a non issue.

Rare now, but we’ve never had different nodes running different filtering rules

Skyler Byrden ⚡️BIP 110 ⚡️UASF 6mo ago

Won’t make a difference. Has nothing to do with it.

kc 6mo ago

There should be no comparison when we refer to money vs spam. If I ask you to take a picture of my family for payment instead of accepted legal tender… You would laugh in my face and say “PAY ME!”

Filtering out the spam is NOT the best thing for the security and longevity of the Bitcoin network. Nor is it wrong. Accepting spam is not the best thing either.

Using Bitcoin as MONEY IS the highest and best use case for the security and longevity of the Bitcoin Network.

There are no miners that only take “spam” and relay in on the chain. That would be death in less than 30 days. So it is not that profitable to relay and or accept the spam. Spam equates to maybe 50 million USD worth of transactions per year (which is not a lot of value.) I forgot the actual number that Slipstream had.

You commented that the blockchain has “500 transactions currently.”

Can I ask you how many of them are financial transactions? I would guess all of them are financial and non are spam.

In the short term “spam” looks profitable, but so is theft. It can help you today, but that isn’t sustainable long term.

Everyone that I know has “some interest” in money.

Less than 1% of 1% of 1% of people that I know have interest in storing items or anything on the chain.

(I don’t know anyone personally that has sent spam on the network.

As of now it does look like mining fees per transaction are low, but I don’t see not 1 large miner having a decline in hash rate. That is because the reward is far too high vs the transaction fees.

#minewithocean

#mynodemychoice

#runknots

#bitcoin

#lightning

How are you thinking about Knots now that some time has passed?

(I run Knots because I don't want to spam other nodes. My junk mail goes in my trash can, not your mailbox.)

MAHDOOD 5mo ago

I have concerns that filtering out the spam just pushes people to pay the large miners directly to put their spam on the blockchain. This is bad for miner decentralization since the large miners are basically guaranteed all that revenue. The smaller miners have no chance of earning any rewards for that spam. And yes I don’t want spam on the blockchain, but it doesn’t seem like you can stop it so why are we hurting smaller miners?

Miner centralization is currently being driven by template sharing due to pool financing. The issue you bring up would only come into play if #knots dominated the network, and it would only be a drop in the bucket compared to the template sharing issue.

Even if we were in the situation you describe, I think the impact of forwarding spam would be marginal. The miners would get extra revenue only when spammers are willing to pay.

If I'm able to help small miners a tiny bit by stuffing your mailbox with junk mail, I still don't want to do it.

MAHDOOD 5mo ago

The template is a huge problem that should be prioritized. The spam bs always dies down. Seems cyclical.