If spam is not economically viable, pow works. I think spam is not economically viable. Its not a working advertising method.
Unfortunately hodlers financial gain and network security are in conflict.
Your funny equation about fixed max supply is the doom of the protocol.
Fixed total supply was introduced to bootstrap the protocol. It needed to have promise of combating fiat system inflation.
The inconvinient truth is that pow blockchain need to allocate reasonable resources to protect its network. With fixed blockspace, it cannot come from tx fees, that is simply not possible.
Only bitcoin network that can survive next 100 years is not the one with 21 000 000 max supply.
Halvings do not necessarily reduce difficulty used to protect the network, if we can assume price growth by time.
But it does reduce the relative amount of resources used to keep the network secure.
In the end, pow networks are secured by financial incentives.
What is the relative amount of capital needed to protect blockchain to avoid malicious attack?
We need to realize the fact that any pow network can be attacked by wealthy individual or organisaation.
Reducing mining rewards make this attack cheaper.
There should opt in algorithms
Like addons you could install from any source #nostr #dev
I tried it once
It was coded in Java so it crashed
Never try java apps
Why devs suck
They use tools they dont understand
They use tools that are heavy and slow
They use interpreted script languages that run in vm instead of utilizing raw performance of hardware with compiled low level language
They try to do everything instead of doing few things well
They never think about optimization, because why not use all 16 cores??
