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The one thing Luke and Co did have going for them was a mining pool of protest, but they torpedoed that brand.
Exactly. Which is why, when it was first predicted that there would come a fork, I thought it a crazy thing because that contracts rather than expands influence. I was wrong about that though. Very wrong. My bad for thinking it was rational when it was more... idk.. spiritual?
Maybe that's enough to deter that useage somewhat, but I think that requires the other phase change I see coming where mining is done at a paper loss anyway.
The funniest thing is that one of those "L2" thingies prefered to have a tx in every block. This is why a pool with some custom funny algos, not just Ocean, but also f2pool and maybe even MARA as the polar opposite offering "custom blocks" to print pictures in a block explorer website is useful. Keep everyone with poor assumptions in their designs on their toes.
Maybe another protest pool comes online
I did come across some initiative by Foundry the other day to start supporting SV2. That would be good if they really do it. Put template design closer to the miner, retain the risk pooling.
Bottom line the worry I don't share is about CTV. I think that some influential core people are skeptical or even refraining from stating their opinion. Most of it is "this doesn't really enable a lot of things we need".
I think that some influential core people are skeptical or even refraining from stating their opinion
If push comes to shove their grants will get yanked and they'll be kicked out
Might be a good thing though if it results in a second body people look to, Core can overstep just as easily as Ocean overstepped.
Luke and Co weren't that though as we've concluded, they just co-opted conservatives as useful idiots. Not only was the fork not conservative, they left carve-outs for all the same shit they were against AND Luke himself is pro-covenants. It was all a troll and people bit.
I'm not fatalistic, but recognizing a phase change that's been unfolding for some time having catalyzed.
Vitalik fucked off to do his own thing because Bitcoin was too hard to change, the market has since patched that loophole and doesn't want new shitcoins. It wants to shitcoin up Bitcoin.
This could be spun, and will be, as a good thing since at the end of the day all that matters is 21M and Bitcoin being the world-reserve currency. The question becomes then whether one views those things as compatible or not. Philosophically they are not, technically though, they are.
Case in point technically, another thing 110 people were wrong about was the idea that everyone bears node costs. Appeals to disk use-age resonate with very, very few because very very few actually run nodes. Apparently they never read me on the 200M distribution ceiling.
This leaves us where the incentive to shitcoin up Bitcoin is greater than the incentive to resist that.
The one thing Luke and Co did have going for them was a mining pool of protest, but they torpedoed that brand.
Maybe another protest pool comes online, but anyone pointing hash at it will invariably earn less / lose more than Bithereum pools. Even then, that pool won't be able to prevent anything... at best it would only marginally increase the cost of disk use and occasionally slow down confirmation times for shitcoin op_codes. Maybe that's enough to deter that useage somewhat, but I think that requires the other phase change I see coming where mining is done at a paper loss anyway.