This morning, Bitcoin Core developers celebrated improved block reconstruction statistics for node operators while conveniently ignoring the reason for these statistics — the downward trend in fees for Bitcoin’s security budget.Reacting with heart emojis and thumbs up to a green chart (@0xB10C) showing over 80% “successful compact block reconstructions without any requested transactions,” they conveniently omitted red trend lines of the fees that Bitcoin users pay for mining security which powered those green statistics.Block reconstructions occur when a node requests additional information about transactions within a compact block.Although compact blocks allow nodes to quickly relay valid bundles of transactions across the internet, the more frequently that nodes can reconstruct without extra, cumbersome transaction requests from their peers is a positive trend.
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33 sats \ 0 replies \ @optimism 3m
There seems to be a bit of a disconnect between the cheering around technical achievements and the economic reality that surrounds it, yes.
But if I look at both the comments and the article, then there's also a disconnect there: if you want quick block reconstruction by already knowing all the txs in the block beforehand, then it is useful to know... all the txs that are mined in the block, beforehand.
This is why not tracking transactions that you could know of is self-defeating. Whereas not mining transactions you consider undesired, is only unwise from a profit-maximalist perspective.
Technically, you can create any rules you desire for inclusion in your block templates without unnecessarily limiting your mempool's contents. All it takes is taking a step back and realize that you can be spam hating and censorship hating at the same time. This is the challenge to all that seem to be polarizing themselves over something as retarded as BRC-20.
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0 sats \ 0 replies \ @nitter 2h
https://xcancel.com/glozow/status/1968310311221657809
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