Rob1Ham on Nostr: Guys, miners aren’t going to take double digit % losses because someone does an ...
Guys, miners aren’t going to take double digit % losses because someone does an optional pull request. It will take a day of dev work and coordination and all the ordinals degens will bypass the new mempool and get their transactions in blocks. The mempool though, will die, removing the ability of users to do fee estimation.
Additionally, in the short term it centralizes mining since any new/small miner will no longer be able to use the mempool to ascertain most profitable blocks. Only those with the out of band connections could survive.
This ironically is solved by stratum v2, where the miners as rational economic actors will just put jpgs back in their blocks.
The hubris to think one can out design greed and Bitcoin game theory is astonishing.
Additionally, in the short term it centralizes mining since any new/small miner will no longer be able to use the mempool to ascertain most profitable blocks. Only those with the out of band connections could survive.
This ironically is solved by stratum v2, where the miners as rational economic actors will just put jpgs back in their blocks.
The hubris to think one can out design greed and Bitcoin game theory is astonishing.
quoting note1uju…4tv7I'm shocked at the amount of people in bitcoin proposing mempool policy changes without understanding second/third order consequences, or even worse, thinking they know but are wrong.