From an information theoretic perspective, you simply cannot ensure immediate dispersal of information across the whole network. With more and smaller nodes on more marginal internet connections this will only continue.
My mental model of bitcoin is a distributed organic network like an insect hive superorganism or an interconnected grove of trees. These networks diffuse information slowly, they don't maintain a global state.
I think everyone is using the wrong mental model. All this talk about MEV and the evils of centralization pressure assumes a global state. Global state is the enemy. Global state is what destroyed Ethereum. Mempool is attempted global state. We should be moving in the opposite direction. What happened to erlay??
I think it would be dope to have a node without a mempool at all. We can replace the mempool with weak blocks. Weak blocks indicate what transactions are actively being worked on by miners. This is a much stronger signal than fee rates because it represents miner proof of work so it will account for invisible out of band payments. Guess what? P2Pool already does this. It's called a sharechain.
What kind of impact would deleting tx relay and the mempool have on the resource profile of a bitcoin node? Doesn't really matter right now. We need libbitcoinkernel before we can even get started. Please keep up the good work! I mean it when I say your project is the most important one in core.
Love Sv2. I am building on it. I do not believe those resources were wasted, I think they were crucial and those investments are now paying off in second order effects, including my project. My frustration comes from looking at the number of funding orgs. When I survey the landscape I see four routes for funding:
- Spiral
- OpenSats
- HRF ✅
- and the new kid on the block 256 Foundation
256 is out because of some (IMO dumb) license restrictions. I got a small HRF grant. Very happy about that! HRF is the org I personally align with most. It makes me proud to be a grant recipient. ❤️🔥 That money was gone practically before it landed, though. Can't reapply until 2026. That leaves me with 2 sources of funding: the Silicon Valley VCs or the Tennessee Valley VCs. Grant apps outstanding. Nothing but crickets. So I just have to wait, watch my life savings dissipate, and hope I don't get caught up in some bullshit political nonsense and locked out of funding. Not a great spot to be in...
If I was a core dev I could apply to:
- Spiral
- OpenSats
- HRF
- Chaincode
- Brink
- Maelstrom
- Blockstream
- MIT DCI
- NYDIG
that's not even counting the exchanges:
- OKCoin
- Bitfinex
- Gemini
- Kraken
- BitMEX
Hell even Coinbase funded some core devs! Fucking Coinbase!
I dunno if all these orgs are offering grants right now but they have funded core devs in the past. There may be even more orgs I missed. Do you see the discrepancy?
I don't want to take anything away from core devs and I don't think any of them are working on unimportant things but if you think about it the problems with mining are the most imminent threat to bitcoin. This is where we should be focusing the most attention and resources. Where are the resources??
You want concrete steps? Call me. I got more ideas than I can act on. It's hard to get motivated when it feels like people don't give enough of a shit to put some money on the table.
I'm just doing the best I can but the clock is ticking. I'm not gonna work my ass off for the rest of my life only to die poor. My kids deserve better than that. Sorry for the rant. It feels good to get this shit off my chest tho.
I gotta get back to work now. Bitcoin ain't gonna save itself.