contensious hard forks can lower the value or increase it.
If half the security hash power or half the user base goes to a different chain, for example, it is not that the coin is now worth half, it is that investors and market have less total confidence in both chains, so a price discovery period takes place.
Either the main chain that didn't change anything wins, they both "win" and recover price or the new fork wins.
Historically, forks from bitcoin have all suffered huge price loss. This has created a creature of excessive conservatism, like Dan.
To them, any change short of an immediate security threat to bitcoin, is bad. Even a small change that isolates future changes to those who want them ( he doesn't understand this. Its not a simple meme, like the phrase: hardest money on earth, so his brain shuts down)
Lately, everyone’s been talking about MEV on Bitcoin: brought to you by broken ordinal inscriptions, t-shirts sold on the Braiins web shop, and miners collecting fees from sidechains.
But what is MEV, really? In S14 E13 of the Bitcoin Takeover podcast, Paul Sztorc defines it as any extra side hustle that miners undertake for the purpose of making more money.
Purists regard it as a perversion of mining incentives, as the side activity may bring more revenue than organizing transactions into blocks. But it’s already been happening for years, with miners accepting OTC payments to speed up transactions from the mempool or else arbitrarily picking some transactions over others.
Learn more about MEV by listening to the episode on Spotify, Apple Podcasts & YouTube 🔥
nostr:npub1nevsewvjqhrsmpfcpdqw6v3e9f6z8w9sq0yt8kpndk2cumw8g6hs5mjmve
#bitcoin #bitcoinmev #bitcoinminer #bitcoinmining #mev #bitcoinpodcast #bitcointakeoverpodcast #bitcointakeover #btctkvr #paulsztorc #drivechains #bip300 #sidechain #bitcoinsidechain https://video.nostr.build/52ecb5befcee373c333a739ef841874c60c8f7bdaa9952b849f21651c1f6f65d.mov
Mev is that thing that's ok when Riot does it, because Blockstream likes them, but not if others do it in a way that shinobubu does not like.
Here are the slides from my Analysing Monero stores talk from @MoneroKon Prague 2023. It is a simple chain analysis of Monero chain to estimate turnover of stores. Shown on real store.
I wanted to talk about the unwarranted belief that just using Monero is 100% magic that protects people against surveillance. But don't worry, I have actionable steps. Also, @cakewallet added coin control, which makes things easier.
Hope the talk recording itself is released as well by @MoneroKon team.
https://drive.proton.me/urls/C4MVAW6CYW #OF3SoMMeuLnE
Why not just upload it to imgur? this asks me to download a file.
A Miner activated Soft fork is still a soft fork.
Maybe the real fiat, is the friends we screwed over on the way.
TONIGHT! BITCOIN PROGRAMMING AGAINS
nostr:npub15elf37hn9ujjptjhfkzzvff5u7u5vfwwp48pffgvjl3k9srtwu8qcayswk and nostr:npub1xy6exlg37pw84cpyj05c2pdgv86hr25cxn0g7aa8g8a6v97mhduqeuhgpl dive into the up down side to side analysis of Bitcoin layers. We'll set the stage for more in depth meetups focusing on specific projects featuring special guests like #PaulSztorc (🦩) from nostr:npub1nevsewvjqhrsmpfcpdqw6v3e9f6z8w9sq0yt8kpndk2cumw8g6hs5mjmve
Please RSVP below:
Drivechain is probably the only thing that could ever make me touch New York.
Still....pass.
I'm referring to specific aspects. I didn't paint broad brushstrokes like your are saying. The distribution of BCH *node software* is among 3 different main versions vs BTC 99.9% using Bticoin Core.
What is more decentralized 1 or 3?
As for NIPS they only pass if Core greenlights them. While CHIPS in practice is more open and anyone can introduce one and anyone can vote. What is more centralized one gatekeeper or all major stakeholders?
https://github.com/cashtokens/cashtokens/blob/master/stakeholders.md
I did not know that about BCH. Interesting. The blocksize wars was the most damaging thing to bitcoin ever.
Bitcoin development is centralized. Decisions and the political marketing for them, are made by core devs whom other non technical people trust. Many of these devs have historic ties to Blockstream or other large institutional investors. This are the institutions with the funding to back research into and maintain bitcoin.
The only proof you need is seeing who stands to lose the most from bip300, Liquid, and how those connected to blockstream argue against it. But there is other proof too.
So i ask you, how are decisions to improve bitcoin made ? and how is this different than the college of bishops in Rome ?
Drivechain allows the free market to decide what bitcoin does, each user gets to decide, on a seperate layer fromncore bitcoin that remains mostly the same going forwards in time.
*oddly specific*
Dan is troll. But like Shinobubu, if one draws them out they have something useful to say every a quarter moon or so.
X5 is pretty recent, and research is underway to make it as profitable as any other CPU and remove its advantage. X5 happens to be using specific chipset technology that is only maginally better than a desktop cpus. Its an arms race between 1 cpu 1 vote, as satoshi envisioned and manufacturers trying to inch out an extra buck. It's not really an Asic by the way. Its an optimized series of desktop CPU's. A very dense desktop/server with regular archeture and instruction sets at the processor level. You could run regular software on them. Asics are very different, they only hash 256.
Compared to Bitcoin, the X5 outlier is an incredibly small portion of hash. Most hash is provided by regular people, as satoshi intended. Bitcoin has given up on small miners. Bitcoin has centralized around a few pools and companies and power grids. The whole point of Bitcoin is to be independant from governments, if the majority of security hash is provoded by government infrastructure and not anomymous every day users indistiguishable from anyonenelse using a computer, it can and will eventually be censored. It might take decades, but the difference between home gun ownership and keeping all your guns in a local depot, should be obvious.
You are scared of hardforks, but hardforks for the right reasons are a good thing. Even bitcoin will have to hardfork one day for Quantum resistance. Hardforks for bad reasons just mean one will win and become stronger. Several side monero's have already forked.
Forking is peace.
So monero is decentralized and this is a bad thing.
Not only that, but not understanding why centralization is a good thing, is poor design.
Right.....
Or do you mean, the fact hard forks are a centralized decision, is the weakness. (The fact the team can decide to hard fork)
Foutain.app has some nostr integration. Zaps and such, but yes, email sign up is cringe and probably a deal breaker for me at tge moment.
I was wondering why you weren't boosting Gputopia launch.
Its right in line with your Dvm project !!!!
Fasting/breaks from tech is very healthy.
JUST BE READY FOR THE BITCOIN BREAKAWAY CIVILIZATION WHEN YOU COME BACK
Do you know about fountain app ? Earn sats for podcasts.
With gputopia i feel the bitcoin breakaway civilization is starting.
He means the early adopter whales.
What he doesn't know is this also applies to Bitcoin.
Here are the slides from my Analysing Monero stores talk from @MoneroKon Prague 2023. It is a simple chain analysis of Monero chain to estimate turnover of stores. Shown on real store.
I wanted to talk about the unwarranted belief that just using Monero is 100% magic that protects people against surveillance. But don't worry, I have actionable steps. Also, @cakewallet added coin control, which makes things easier.
Hope the talk recording itself is released as well by @MoneroKon team.
https://drive.proton.me/urls/C4MVAW6CYW #OF3SoMMeuLnE
Is this one of those things where its 90% private against surveilance if you use new addreses ?