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It’s time for miners to wake up and start migrating to Sv2.

Mining centralization is as bad as it’s ever been and the bullishness on bitcoin is totally unjustified given miners don’t seem to care about bitcoin in the slightest.

If it doesn’t get better nearly every PoS chain is literally going to be more decentralized and censorship resistant than bitcoin.

If you care about Bitcoin you are responsible for fixing this. Pressure miners.

Gowingnut 1y ago

The only real pressure is economic incentive.

Anything else is romanticism.

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Discussion

Matt Corallo 1y ago

Nah that’s just naive. Sure, economic incentive is some of the best pressure, but social pressure works too, especially when there’s no economic disincentive as with Sv2. Why are public large bitcoin miners not being harassed on Twitter to adopt tech that is good for Bitcoin?

Gowingnut 1y ago

Harassing an agent in a free market environment to some action or inaction magically makes the market not free anymore, comrade.

The Sat Whisperer 1y ago

Isn't their disincentive that they will be left out if MEV comes to Bitcoin for real?

Matt Corallo 1y ago

Yes, that’s also why if “MEV comes to Bitcoin for real” we should probably give up on Bitcoin as a censorship resistant system (and, really, thus Bitcoin as a whole).

techfeudalist 1y ago

I agree that miners should use Sv2, but why do you feel that MEV is an existential risk to bitcoin?

Meridian 1y ago

A miners business depends on the long term health of the network. If they harm the network for a short term profit today, they'll loose much harder, over the longer term, due to the decay and obscurity of a failed project.

Gowingnut 1y ago

Long term effects may not be as obvious to the miners ' investors as they are to me and you.

Just saying

Matt Corallo 1y ago

So maybe that’s why we need to explain it to them loudly and repeatedly….. which was my whole point :)