🍊⚡adam sandals on Nostr: Hashrate is decentralized but mining isn't. Block templates are created and ...
Hashrate is decentralized but mining isn't. Block templates are created and controlled by a few large mining pools. I've only recently come to understand this. That's why I moved my hash to
OCEAN (npub1qtv…7dze). Mining pools and individual miners who created they're own block templates are free to include whatever transactions they choose, that's the free market. Market forces aren't solely determined by highest profit. If it were,
OCEAN (npub1qtv…7dze) wouldn't have any hashrate. The decision on whether to include inscriptions in the block template will be delegated to the hash providers themselves once stratum v2 is implemented. That's when hash providers will become more than hash providers, they will become miners. This is where mining needs to go for the health and decentralization of the network.
Published at
2023-12-12 11:43:08Event JSON
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"id": "7472d8c7bf5e2b95ffb018add4f7559ed9c22e988ec9d9aaa8aee76b38da52f2",
"pubkey": "4d6355f38e13d9c937252500308de30b11dcda2f2a809ac6c7bb45ddaff6aa87",
"created_at": 1702381388,
"kind": 1,
"tags": [
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"content": "Hashrate is decentralized but mining isn't. Block templates are created and controlled by a few large mining pools. I've only recently come to understand this. That's why I moved my hash to nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze. Mining pools and individual miners who created they're own block templates are free to include whatever transactions they choose, that's the free market. Market forces aren't solely determined by highest profit. If it were, nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze wouldn't have any hashrate. The decision on whether to include inscriptions in the block template will be delegated to the hash providers themselves once stratum v2 is implemented. That's when hash providers will become more than hash providers, they will become miners. This is where mining needs to go for the health and decentralization of the network.",
"sig": "779c7664cc9ff935ce20e64cf05389b824baf3ed981e999a7eb8c92613f151c11c26a759b7b57e079ffe776b85c0c337fabbd444280f40a228001b75ce2a2f0d"
}
