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Evan Baer
3d2c8ac838883378f59e1bc080e1f69cc3c212c109b99e41cc21ecac5cff1ff0
Building @Rigly + Upendo Hashrate marketplace with non-custodial escrow - rigly.io Solo mine with bitcoiners - upendo.rigly.io

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

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 ⛏️

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https://void.cat/d/KmGapHBy5B2mj2XL3bqQs2.webp

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

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?

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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

Agree with all this

Similar concept applies to bitcoin bought on exchanges w/ kyc