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350 sats \ 3 replies \ @optimism 18 Sep \ on: A Knotty Irony - Nifynei shares her thoughts on the OP_RETURN drama bitcoin
Building your own block template is a great opportunity to filter out transactions.
Glad to have independently written something similar this morning for a much smaller audience.
Also GREAT point about the bitaxe - though last time I discussed bitaxes with a mining service provider they laughed me out of the room:
But I have to believe that they that laugh last... otherwise might as well pack up.
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121 sats \ 2 replies \ @Scoresby OP 18 Sep
On a long enough time horizon, do we all become miners?
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202 sats \ 0 replies \ @nout 18 Sep
On a long enough time horizon we will all be under ground. So in some ways... yes?
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123 sats \ 0 replies \ @optimism 18 Sep
We once all were miners so this would be the ultimate reversal of trends. But I doubt it, because hashing simply scales very well.
But, even if 0.7-1% of blocks are mined by individual honeybadgers that don't care, with their own blocktemplate policies and no pool middleman1 then we'll have a block a day on average that isn't governable or coercible.

Footnotes

  1. because you will be unlikely to make ROI with a bitaxe when you're on pooled payouts and you'll never hit the lottery in that setup. ↩
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