I'm old enough to remember when Michael Saylor talked about Bitcoin being ethical money, and shitcoins being unethical scams. How the mighty have fallen
You really don't want to see Donaldo and Winnie the Poh in the same room while Foundry and AntPool control 60% of total hashrate (30% each).
Are you already mining with your own node and a few petahashes?
I do enjoy pointing out that Andy Back had no idea what proof of work would ultimately be used for and still hasn't figured it out.
It is *not to prevent spam* - Satoshi didn't use it for that purpose at all. It is to make it difficult to rewrite history. That's all. You can still fill up the historical record with junk data if you want, the same way you can doodle on any ledger or journal. The point is that people can't (easily) go back and rewrite it after the fact - making doodles/junk data far more important to prevent in the first place due to the fact that they can't be gotten rid of and everyone has to verify and store them forever.
Early Bitcoin was characterized by an instinctive aversion to those who would use it as free cloud storage, everything was done to prevent it from occurring, and not once did anyone cite irrelevant aspects of Bitcoin like the network imposed difficulty required to mine a block or the limit of block sizes as being sufficient or even somehow related to prevention of spam.
It should be extremely obvious to all that the highly lauded cypherpunks in this space are attempting to put Proof of Work back in the anti-spam category where it laid dead as a mechanism for fixing email until Satoshi realized that it could be used usefully to solve a different problem entirely while spam remained an unsolved problem that would be countered on a best-effort basis and treated as a moving target like it is on every other protocol.
@FoundryServices@StratumV2 It doesn't do anything for decentralization, even the JD given the requirement that the miner use versions of Bitcoind that don't allow them the freedom to make their own blocks without the pool's permission.
This is bigger bullshit than the quantum FUD.
I’ve given some thought to the whole Core vs Knots situation, especially after Citrea launched a literal shitcoin and, well, I’ve changed my mind.
Previously I felt that Knots and BIP-110 was a potential answer to the problem.
Now I believe they’re the only answer.
Really great job, Bitcoin Core-- you blew open op return for this shitcoin scam. So glad you "protected" us from 64 bytes of fake pubkeys (that never would have even occurred anyway)
Either Chaincode Labs gives @hodlonaut this award, or they nullify the award's value as a whole by giving it to anyone else.
Personally, I believe they will give it to someone who did something trivial, or gave a lot of positive coverage to the Core side of The Spam Wars.