ROSSTR on Nostr: Scenario A: A State actor, by way of the money printer, prints infinite amounts of ...
Scenario A: A State actor, by way of the money printer, prints infinite amounts of fiat, and uses it to pay mining pools to exclusively mine empty blocks.
Block space available for economic bitcoin transactions evaporates, and for many, bitcoin becomes unusable.
Scenario B: A State actor, by way of the money printer, prints infinite amounts of fiat, and uses it to pay mining pools to fill blocks full of jpegs…
In terms of functional outcome, what is the difference between these two scenarios?
Published at
2023-12-28 01:19:24Event JSON
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"content": "Scenario A: A State actor, by way of the money printer, prints infinite amounts of fiat, and uses it to pay mining pools to exclusively mine empty blocks. \nBlock space available for economic bitcoin transactions evaporates, and for many, bitcoin becomes unusable. \n\nScenario B: A State actor, by way of the money printer, prints infinite amounts of fiat, and uses it to pay mining pools to fill blocks full of jpegs…\n\nIn terms of functional outcome, what is the difference between these two scenarios? ",
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