Broken miner incentives. Miners are already the weakest part of bitcoin from a centralization of tech standpoint, imho. Giving them shitcoin incentives doesn’t help decentralize or distribute hash rate and makes an already vulnerable aspect of the industry more desirable for State capture.
Furthermore, DCs are unneeded. Go take you chains to BitVM or write a Fedimint module to swap between shitcoins and bitcoin. Leave the base layer and it’s incentives alone.
AVERAGE_GARY
npub160…zyjc9
2023-10-21 23:33:59
in reply to nevent1q…dr0h
Author Public Key
npub160t5zfxalddaccdc7xx30sentwa5lrr3rq4rtm38x99ynf8t0vwsvzyjc9Published at
2023-10-21 23:33:59Event JSON
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"created_at": 1697931239,
"kind": 1,
"tags": [
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"content": "Broken miner incentives. Miners are already the weakest part of bitcoin from a centralization of tech standpoint, imho. Giving them shitcoin incentives doesn’t help decentralize or distribute hash rate and makes an already vulnerable aspect of the industry more desirable for State capture. \n\nFurthermore, DCs are unneeded. Go take you chains to BitVM or write a Fedimint module to swap between shitcoins and bitcoin. Leave the base layer and it’s incentives alone.",
"sig": "eb5b21c096cd4d0a6703e27f62150ea981e124dee47cd5f1c4ce0e22c369831275b5c3e296d10f8672ef20ea3b0eadc58d6f7c9af59b1a48832880d6e46ac89c"
}