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100 sats \ 1 reply \ @denlillaapan OP 22h \ parent \ on: OP-CATS, Mining Pools & Naka Consensus (Bitcoin Magazine, Big Read, Walt Smith) bitcoin
...or trade anything for money, like a market. Oh, yes, aaaasset markets
Also, why are you arguing with me — go speak to the author if you think this is so critical
Trade anything for money using an AMM running on the Bitcoin L1 so that miners can frontrun everyone? Why on earth would anyone want to have more transaction cost than necessary just because it's on a system that is so poorly designed for trading that one can be front-ran? What's wrong with just trading without the AMM?
Even if NFTs of assets like real estate or tokenized real world securities/commodities would actually work (they don't, best we can do is synths and perps, everything else is enforced by either regulation or otherwise a scam) don't you see how this would make Bitcoin a copy of Ethereum? The packaging of the article is intriguing at the surface, but underneath it is literally: to solve the problem with miner income, we should do what ethereum did by making their bug (front-running) into a feature, and narrating how this is good.
why are you arguing with me
Because you're biting and making points (market on a blockchain) we've had for over a decade now coming from Vitalik and co. Tell me why I am wrong?
go speak to the author if you think this is so critical
Naw bruh, you boost the message here, we discuss it here. No deflection.
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