BTCtoOblivion on Nostr: I remember the time when OCEAN launched and a lot of spam apologists kept saying that ...
I remember the time when
OCEAN (npub1qtv…7dze) launched and a lot of spam apologists kept saying that the mining business is hyper competitive and nobody would exclude arb data (aka spam) in their mining block since it would hurt them financially without understanding the difference between TIDES payout and FPPS payout.
Since miners are starting to realize how they have been looted by FPPS payout for years, I think more and more miners will switch their mining pool and send their hash to
OCEAN (npub1qtv…7dze) which would also help reduce the spam . The chart is clearly indicating that.
The only reason why I am so optimistic about #bitcoin is because whenever #bitcoin gets attacked by some bad actors, some of the bitcoiners (with super low time preference) do everything to make sure #bitcoin survives. I think it's just a start for
OCEAN (npub1qtv…7dze) but they are a perfect example of low time preference behavior.
Would love to see
OCEAN (npub1qtv…7dze) destroying more and more mining pool centralization in the future.
Published at
2024-08-09 11:36:19Event JSON
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"content": "I remember the time when nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze launched and a lot of spam apologists kept saying that the mining business is hyper competitive and nobody would exclude arb data (aka spam) in their mining block since it would hurt them financially without understanding the difference between TIDES payout and FPPS payout. \n\nSince miners are starting to realize how they have been looted by FPPS payout for years, I think more and more miners will switch their mining pool and send their hash to nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze which would also help reduce the spam . The chart is clearly indicating that. \n\nThe only reason why I am so optimistic about #bitcoin is because whenever #bitcoin gets attacked by some bad actors, some of the bitcoiners (with super low time preference) do everything to make sure #bitcoin survives. I think it's just a start for nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze but they are a perfect example of low time preference behavior. \n\nWould love to see nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze destroying more and more mining pool centralization in the future.\n\nhttps://m.primal.net/JtYv.png\n",
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