Why Nostr? What is Njump?
2024-04-10 11:56:50
in reply to

frphank on Nostr: I laid out my reasons in this recent thread. Somehow you missed out on it. As for the ...

I laid out my reasons in this recent thread. Somehow you missed out on it.

As for the nostrpedia ah that's too much effort feel free to do it yourself.
Mate, do you know how much Bitcoin mining capacity is installed world-wide? Some figure like "10 gigawatts" is abstract, try to picture this in terms of car factories.

So far, the subsidy was miners' main source of revenue, with validation fees being an aside. With dwindling subsidies miners will have to make up the difference in fees to maintain the value of their investment. But there's only so much room there as no one is willing to spend $1000 of Bitcoin fees to transfer $100 worth of Bitcoin value, not even the drug dealers.

It's better for the community to come to terms with the inevitable future now ahead of time while there's still room to experiment. As for the rules about competing forks and heaviest blocks, the community can decide whatever. In the real world, a majority of people coming together an collectively deciding on something is considered a win and a sign of a stable society. Somehow just in the twisted logic of the Bitcoin space a 51% consensus is somehow considered a threat.
Author Public Key
npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9