Yeah pretty much. I think the missing piece was ecash based mining shares.
nostr:nprofile1qqszaldc3cddq5ke6uht3anc0ma87tzrypj077hcalghw6hegjlu8ccpz9mhxue69uhkummnw3ezuamfdejj7plprpy drew a cool picture of my talk! 
Here are the slides from my TABConf presentation of Hashpools.
https://nostr.download/59018e62451edeb11fafb93b7c8c6a67e956d6885e08321f7d8a65d1bc5c7912
There is no recording but I gave the same talk at nostr:nprofile1qy2hwumn8ghj7erfw36x7tnsw43z7un9d3shjqpqdwah6u025f2yy9dgwlsndntlfy85vf0t2eze5rdg2mxg99k4mucqjjr863 Berlin which you can see here: https://www.youtube.com/watch?v=uCyRffPdsaU
nostr:note1ykadta2t6x8w2q46qshyxvunj0gnx3cchey797lkhkaes5p564ds6asg2h
Here are the slides from my TABConf presentation of Hashpools.
https://nostr.download/59018e62451edeb11fafb93b7c8c6a67e956d6885e08321f7d8a65d1bc5c7912
There is no recording but I gave the same talk at nostr:nprofile1qy2hwumn8ghj7erfw36x7tnsw43z7un9d3shjqpqdwah6u025f2yy9dgwlsndntlfy85vf0t2eze5rdg2mxg99k4mucqjjr863 Berlin which you can see here: https://www.youtube.com/watch?v=uCyRffPdsaU
omg y'all biscuits and gravy at the hotel breakfast
You should work on whatever excites you the most! Trying different stuff gives you exposure to find out what you really enjoy.
Somebody was asking about opening channels to help small node runners and I thought of you.
Hey nostr:nprofile1qqsqxefne258ydmfgm2wfl02fsdqgs0d5wx29kweg9amxcqxew4t7kqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap08hl937 do you need any inbound liquidity? Asking for a friend.
Is this a political post? I didn't read to the end.
ASIC. You don't want to CPU mine. It won't make any money but it will burn out your processor and cost you money.
Payouts are not uniform across blocks. It could be that the third block had a lot more fees or maybe there were less miners contributing hashrate or for some reason the other ehash holders cashed out early, leaving more reward for this share to claim.
I did not intend to make it higher, that was actually a mistake lol. It is actually even higher now in the slide deck to clear the red line. In practice, hashrate tends to remain steady and rewards look very similar across blocks with PPLNS even if the blocks come faster than expected.
This graph is drawn from the context of a newly accepted share submitted to the pool at time 0. The share is worthless at first but it has an expected future value that can be calculated by comparing the expected rate that the pool finds blocks to the 'accrual period' or 'swap window' for this share. I need to hammer out the terminology still.
Whenever the pool finds a block this share is entitled to some of the block reward for that block. This is calculated by dividing the coinbase reward amount by the total number of shares for which this block is in their swap window. Basically how many outstanding shares are there with a red step function still above 0.
In this graph the share in question scores three blocks so the 'realized value' as the pool calculates it jumps up three times before the swap window closes.
If the owner of this ehash token (let's keep it simple and assume no swaps have taken place) redeems it early at any point they can claim the value of the green line at that time.
Of course the default play is to hold it to maturity. But what if they sold it for a premium right after the 3rd block was found? In other words, what if someone pays slightly more than the green line to buy this mining share? That would be a winning trade for the seller because we can see the future. If another block landed in the 21st epoch it might be a winning trade for the buyer.
Hashpool enables a class of professional traders to develop who will create a super efficient hashrate market. Efficient markets lead to prosperity and human flourishing. Let's fucking go!
Touching up my slides for TABConf. I think this graph was the most challenging for me to explain and for the audience to understand. Looking much better now!
I dunno. It's complicated. I'm an introvert but I feel a draw to interact with some folks, just not all folks. If I see some introverted nerds that look like they would laugh at my jokes I am here for it.
If it's a crowd of folks I don't think I would have much in common with I could just as easily keep walking. No draw for me.
And then some folks are just intimidating, so I keep my distance unless I get pulled in. It's a dumb reaction but it comes from a place of respect. Like senpai notice me type stuff.
Being a parent who thinks deeply about my role, I have gained new appreciation for the best form of government ever achieved: the benevolent dictatorship.
If you run your household like a democracy the kids will never do their homework or clean their room. They'll vote candy for dinner every night. It's your job as their parent to look ahead and make the best long-term decisions for your charges, even and especially when they disagree with you. These small groups of people band together for common defense, commerce, and all the nice things that come from civilization. This system works pretty well with small groups, especially if they share kinship bonds. If you extend this model beyond Dunbar's number it breaks down. This is where things get messy.
Being an anarchist is not the same thing as advocating for chaos. It just means you believe in pushing decision-making out to the edges of the network, where the best decisions are made. It's a tacit acknowledgement of the reality that no one person or committee is competent to rule over large numbers of people fairly and equitably. The only sane system is to respect emergent order, control the worst excesses of humanity, and to leave people alone to live their own lives in a manner of their own choosing. For me: anarchism is equivalent to humanism.
Damn I wish I had a quick and easy way to sell my hashrate for a higher the expected payout right now. Someone would probably take the other side of that bet. If only we had the right tools...🤔
What are your goals? The most straightforward analog to running a lightning node is running a cashu mint. It's also a lightning node, so it won't be less work than now lol. But it's way easier to build on because it's a single api on a single server. Each ecash token is self authenticated. No accounts. The beauty of ecash is it's simplicity.
