Subnostr

Replying to

Jay

HELL YEAH

YODL 1y ago

To be clear, it’s fake 😭

YODL 1y ago

The texts are coming in /s

Replying to

The Fishcake (nostr.build)

Your seasonal XMas template, if you need one. 🫡🎅🎅🎅

YODL 1y ago

Fits like a glove

Replying to

Big Willy

Hi

YODL 1y ago

Good morning

Replying to

vnprc

I don't think existing pools price hashrate poorly but the existing model creates a moral hazard that is an existential risk for all of bitcoin. Vertically integrated pools centralize block template production into the hands of a few pool operators. When a handful of people dominate the production of block templates, all of bitcoin is at risk.

Hashpool creates an economic incentive to put the pricing of hashrate and the production of block templates into the hands of other parties. This is the most important thing to fix IMO. In this model the large pools become dumb aggregators that collect hashrate, produce blocks, and feed block rewards to a bunch of small client pools. The client pools produce block templates and the free market prices hash. Every player has one job to do. Moral hazard fixed.

YODL 1y ago

You prolly have a lot going on, so thanks for all the explanations. 🙏

Replying to

YODL

Saw a cool chart from Adam Back that suggested it was some sort of classic stop-hunt

YODL 1y ago

FWIW

Replying to

WhiteRabbit

Anyone have any clues as to who market dumped the motherload last night? Serious rookie move to market sell such a huge load like that - cost someone a lot of coin...

YODL 1y ago

Saw a cool chart from Adam Back that suggested it was some sort of classic stop-hunt

Replying to

vnprc

You got it!

If miners want to cash out immediately they will need a taker to buy their ehash tokens. Maybe the pool will do this. This would mimic the existing mining pool industry but with better privacy. I think a more optimal solution would be for a class of professional hash traders to develop a high level of expertise at pricing this risk.

Everyone wins when markets are efficient. 🤙

YODL 1y ago

Look forward to following progress. FPPS stuff, from what little I’ve heard about it, seems inefficiently priced and rather prevalent.

Replying to

vnprc

YODL 1y ago

Seems like if a pool went with this, in addition to greater privacy, individual miners would get to choose FPPS-like payouts (smoother) if they want, or some proportion between 0-100%, by selling ehash tokens on the market that forms.

Just wanna make sure I’ve got it right

Replying to

Luxas

Woooow https://www.404media.co/multiple-major-health-insurance-companies-take-down-leadership-pages-following-murder-of-united-healthcare-ceo/

YODL 1y ago

Wild

Replying to

Erik Cason

What the fuck? Did bro use a Time Machine. MF hasn’t aged at all…

nostr:note1dfkj78cdqk9l7yjrhumdeygk26kwdnan9ve2kavyg0fzlkruzmmskknvdr

YODL 1y ago

2013 stacker prolly low stress life 😂

Replying to

SoupBox

Cooking Trick that needs to be tested:

https://youtube.com/shorts/HB8JxqQUCmA

#garlicstr #foodstr

YODL 1y ago

No way. I’ve been fooled too many times with alleged garlic hacks!

Replying to

vnprc

just pushed this commit to remote, you can try it out yourself: https://github.com/vnprc/hashpool

1) install nix and devenv

2) clone the repo

3) run `devenv shell` then `devenv up`

4) ...

5) profit!

YODL 1y ago

Replying to

waxwing

Fiat is virtual, bitcoin is not imo.

Consider that a trillion units of fiat can be created instantly at the stroke of pen, this cannot happen with bitcoin (*very* indirectly, because of the energy consumption required).

I understand that being a physical object or not might feel like the right definition, but I don't think so, it's more useful to consider what is virtual as what can be instantly, cheaply copied. (virtual as opposite of *real*, not opposite of physical).

YODL 1y ago

From Bitcoin Is Digital Scarcity (one of my faves)