gsovereignty on Nostr: It's good to see some serious competition to core even though it's ramping up in ...
It's good to see some serious competition to core even though it's ramping up in response to a non problem.
Mempool is simply a transaction marketplace, it needs to offer parity with consensus rules or it will be obsoleted by a market that does.
Developers and miners and the overwhelming majority of node runners have no hard power over the protocol anyway.
Hard power lies with the set of people who run a node AND receive bitcoin in exchange for something else.
Since we bitcoiners produce close to 0% of the products and services in the global economy, bitcoin is acting as a financial instrument within the fiat economy and NOT as an alternative to it.
Hard power over the protocol mostly lies with financial players like exchanges, ETFs, and companies like microstrategy, because they receive (and validate) the most bitcoin in exchange for something else (a bit of paper, a trading account balance, etc).
Published at
2025-05-14 23:42:33Event JSON
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"content": "It's good to see some serious competition to core even though it's ramping up in response to a non problem.\n\nMempool is simply a transaction marketplace, it needs to offer parity with consensus rules or it will be obsoleted by a market that does.\n\nDevelopers and miners and the overwhelming majority of node runners have no hard power over the protocol anyway. \n\nHard power lies with the set of people who run a node AND receive bitcoin in exchange for something else. \n\nSince we bitcoiners produce close to 0% of the products and services in the global economy, bitcoin is acting as a financial instrument within the fiat economy and NOT as an alternative to it. \n\nHard power over the protocol mostly lies with financial players like exchanges, ETFs, and companies like microstrategy, because they receive (and validate) the most bitcoin in exchange for something else (a bit of paper, a trading account balance, etc). ",
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