You can't change other people's minds. But you can find people that are open to new ideas and show them the way.
I have a relay for backing up my notes. I wouldn't say it's 'online'.
Sometimes people get mad at me for being late and I'm just like:
"Honestly, this is your mistake not mine. You're the one who believed my time estimate. Β―\_(γ)_/Β―"
They exclude the three lowest and highest fee blocks of every 24 hour period from the payout calculations. This has important implications that create misaligned incentives between the pool and their customers.
The pool can game this formula to maximize their own profit in two ways: minimize empty blocks and maximize high-fee blocks. Minimizing empty blocks is obviously good for everyone because it produces more fee revenue for miners and pools and increases throughput of the bitcoin network.
However, this formula creates a perverse incentive for large pools to work with every shitcoin pump and dump that causes on-chain fee spikes. The pool doesn't have to share profits from the three highest fee blocks per day. Those fees contribute to mining pool profits at the expense of miner profits.
Is this how the mining pool industry should work? Is there a better model? π€
They can be debased at will. Airline miles are shitcoins. If you farm an airdrop the best move is to spend them ASAP because they always trend to 0.
Diamond Age is my favorite. He paints a picture of a post-cyberpunk future where nation states have been replaced by voluntary borderless collective organizations. There is, of course, fantastic technology interweaved with an epic battle over the future of civilization.
But the best part of the book is his detailed description of a private anonymous universal mesh-net that replaces the internet as we know it. Inspiring stuff. I think we're a lot closer than you might expect. π
Have you read Seveneves? Someone called out his female characters at a talk or something and he decided they had a point. It's really good!
Show us the wisdom you have accumulated, O beneficent guru. π
We can smooth out on-chain fee spikes with faster price signals. Miners are clearly turning up the hashrate for these fee events but small miners struggle to take advantage of the opportunity because of the friction in selling hashrate and opacity in share pricing. If they mine harder to a large pool the pool gets to keep the profit.
If we are serious about decentralizing hashrate and block template production we need to do better for our small miners. I am very serious and I have a plan to get us there.
If you could sell your hashrate right now what would it be worth? If anyone could sell their hashrate how long would these fee rates last?
This happened at the Nashville conference. It was nuts.
Does any client enable reading edited notes or just Amethyst? I can fix my typos but I can't see it on any other clients. π€·ββοΈ
image search does not disappoint π€£
It's gonna be a warm Halloween. I guess I should to put away my wookiee costume.
I guess I'll wear the slutty wookiee costume instead.
@ajtowns goes hard on twitter. If you're not seeing his stuff you should fix that. π
"More than all the money in the world."
Tell me you don't understand money without telling me you don't understand money.
Very skeptical of the cholesterol drugs. Seems lile a pharmaceutical treadmill without a sound scientific backing. Maybe check out what nostr:nprofile1qqs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhspu30gj is doing.