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326 sats \ 1 reply \ @justin_shocknet 18h \ on: Should Mars have its own Bitcoin chain? bitcoin
Ironically, the latency issue is one of the many reasons big blocks are retarded, I mean literally retarded, big blocks take longer to propagate. Even just a few milliseconds increases miner centralization by benefiting the miner of the most recent block.
(not that we should even perpetuate the idea that big blocks scale anything, the only scaling limitation is the indivisible supply)
Though technically, it wouldn't be impossible for Martians to get lucky and find a block and broadcast it back to earth before earth finds a block. Hour+ deltas between blocks happen all the time, now what if a few major miners on earth become subject to a grid-level attack or DoS? An asymmetrically weaker mining operation on Mars could take control of the chain with much less hashrate.
Getting back to reality yea, Mars will be a centralized colony for the foreseeable future with no need for external currency... SpaceX coin credits for the cafeteria don't need decentralized trustless Lightning channels.
Because there's plenty of scammers and even more useful idiots
The only scaling limitation Bitcoin has now is supply, as in, not enough people will ever be able to own enough sats (5-6 digits worth of sats) to transact, even if the chain is at a perpetual 1 sat/byte due to gigameg blocks or other shitfork.
Given the size of large player stockpiles, at most < 1 billion households/organizations will ever have sovereign access... really it's probably a fraction of that. That means there's no real-world transaction bottleneck.
Since big blocks or shitforks can't actually lower the minimum transaction cost of sovereign utility, scammers must obfuscate that with their centrally coordinated, sybil prone, fake L2 applications.
What you lose with scaling with more chains is that the smaller chains will have weaker security due to a lower hashrate, but in turn they will have cheaper transaction fees.
This is kinda already happening but the other chains also have differing consensus rules, outside of the mars situation I don't know how a smaller copy of bitcoin would get off the ground while we have L2 solutions for the main chain.
I think there will be a declared recession.
The changes Trump is making to economic policy (including government spending) are pretty dramatic and will likely require a significant economic correction for resources to be reallocated across sectors.
exactly I had no idea, myself and Teresa really just want to be intentional with the process and curriculum, doing Top Builder 2x taught us a lot, so will apply those learnings, looking forward to it, feels like the next natural step for us
also just recently found out by Larry, he said YC had a woman and man running it in the early days
I always wondered about the economics of YouTube. I know it's nowhere near as easy as people think it is.
Even if your costs are low, you have to keep pumping out videos to stay relevant. And it must feel pretty bad for your boss to be a faceless algorithm that can change on a whim.
That being said, I really admire what a lot of YouTubers do, especially channels like 3 blue 1 brown, and think it's one of the most promising avenues for education. I've thought multiple of times of doing something similar myself.
It also makes me wonder, is there a world where a new chain is a more reasonable scaling solution than a soft fork?
Bitcoin is worth what it is because of its simplicity and, most importantly, because no government controls it. If this new chain doesn’t have the same properties, I think it’ll flop. Can’t give you a straight answer to your question, but that’s how I see it.
Ofc we have seen it.
Dhananjay thinks that we have an alert for L402 stuff but in reality we are just big fans of the things he builds so when he pushes something we notice :D
I like it more as an nginx module than as a full proxy like aperture. If someone is looking for things to build this proxy + a storage service is a good project to start with.
100 sats \ 0 replies \ @questforsats OP 12h \ parent \ on: 🚀 Questforsats launch postmortem builders
ah well I actually havent got round to any crazy ideas yet as I've mostly been fixing whatever gets broken by the hackers. Got to appreciate working in bitcoin/lightning, you get lots of free penetration testing :D. So far, it's mostly people trying to do concurrent withdrawals and fee siphoning.
I think there are more ~nostr 101 sites than there are bitcoin/lightning 101 sites. I'm not sure what that means.
I thought a lot of that would have been handled by Chevron deference anyway... perhaps this is just faster and less legalismo
I'm agnostic about whether what's coming will be better, but it will be better adapted to the new incentive structure.