True..
I think eventually people will start mining to enforce their voice on the network
I think we see that in that not too distant future
my project Rigly.io lets people buy hashrate now, so more people have access to mine bitcoin
With stratum V2 I think we'll see more folks creating their own block template, enforcing their voice on the network, deciding which version to use in terms of soft forks etc
Gotcha, makes sense
Still time to bid on today's #bitcoin mining auction - rigly.io
1 PH/s for 24 hours
~170k sats bid rn
Place your bid and start mining kyc-free bitcoin ⛏️
nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu
I'm just trying to understand what the criteria is of a CBDC versus BTC with KYC association
Feel free to try Rigly, I'll zap you some sats for the mining test drive
It hasn't happened yet but seems possible
can't stop transactions on-chain but could block at the fiat rails
Agree on your points - I think it will be both 1 and 2
ASICs are always going to get faster and more efficient, that's the arms race of mining
In terms of energy, mining will go to the cheapest possible energy
Best example of this is the methane mitigation where mining captures nat gas flare... this is waste electricity that bitcoin miners are harvesting. All the incentives are aligned to capture this waste power and earn bitcoin.
So like, imagine water is bitcoin
- There's a fixed supply of water on Arrakis
- The Harkonnens are wasteful (very fiat)
- The Fremen are thrifty (check out those Stillsuits!)
There's a whole thing in the book about how the Fremen are saving all the water (decaliters upon decaliters) to eventually transform the planet
Anyhow yeah if you go to the book and DYOR the whole Dune fit with bitcoin = water will jump out at you!
Tbh BTC+KYC seems to have all the criteria when you look at the KYC framework on exchanges
Plus, if you look at the mining pools, there's only like 3 pools with > 50% of hashrate ....so eventually, that's only a few places to block transactions
Something that occurs to me re these points
What if #bitcoin is the CBDC?
Consider if you buy bitcoin on a US exchange:
1. You buy bitcoin (with KYC)
2. Your bitcoin address is linked with your personal info
3. Your future spending of that bitcoin is visible on-chain
How is this BTC different than a CBDC?
What am I missing?
nostr:note1zu0wm7hnqd3a4eglyhr7hm3ctpa6nejph6durqzlc2zspydpzscsg84zef
Gotcha. This is great geedbackl.
We have a limited amount of hashrate to sell on Rigly.io
Auction is the fair way to sell it
Re escrow, would you prefer we put the address public?
If we do that, then the buyer's TX is visible ... which doesn't seem great for user privacy..
We only ask for email, you are free to create an anonymous address.
Thoughts?
Auction is because there's only so much hashrate we have from mining farms
Escrow = sellers paid after hashrate delivery
Email sign-up is due to the need to communicate with you once you buy
I hope it is further out than that
I started a project so ppl can buy hashrate
nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu
This way ppl can mine bitcoin from wherever and get kyc-free
Gm Nostr 👋
lol

