Mining Spam for Profit?
Bitcoin mining is not decentralized enough yet. It needs to be far more decentralized.
If you hear miners arguing for mining spam blocks to be profitable, we have much more miner decentralization to go thru. Let’s cut out the spam nonsense and decentralize harder.
Spam is subjective
I am willing to hear you out. How would you define spam?
As a miner, I don't care about the subjective feeling as it pertains to transactions in the blocks I solve. I want the most fees. That's it. I'm not motivated by anything but subsidy+fee. As it should be. My personal feelings is ordinals aren't worth the time they take to create. My personal feelings is that they're worthless. My personal feelings is that if the transactions follow consensus of core nodes, then it's a valid transaction. Spam or not, that is subjective. If they are indeed worthless, they will run out of money to make them as they're not producing anything of value. I don't think they are, so I think they will run out of money. Whether or not their transactions are "spam" is subjective and is up to the market to decide the market is welcome to be wrong or course. BTC still valued at a measly 40k when it's worth 10m for instance. Time will tell but I think I'm right.
Also, if my response sounds like rambling, I've had a few beers. Please excuse my brevity. Thanks for hearing me out at least. Look forward to more discussion. Cheers mate 🍻
Satoshi solved the spam problem with proof of work.
I also just disagree. Mining is decentralized sufficiently. There will always be 1-2 big pools.
