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Tauri | Bitcoin BLAKE2b · 2w
A beautiful spam-free block by nostr:npub1ehrl5uzdckkm3ygkhe94pdz005j0yzwkzv50elu3c5whufywqmlqdxqsdz that got over half a Bitcoin in fees alone. To match the same fee revenue, a cartel mining pool wil...
nostrich profile picture
So why do we even need to hard fork the PoW algo? Even if there's just one block per day, the chain actually still works!

We would just be leap frogging to the prophesied hyperbitcoinization scenario where you just use the chain a few times a year to open and close lightning channels.

Also what happens once there's a mining difficulty adjustment?
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Tauri | Bitcoin BLAKE2b · 2w
The problem is only one or two miners now mine on this side of the chain. With this speed they will need about two or three months to mine 100 blocks. Only after that they will be able to spend the very first block rewards they mined after the split. And even then they might not be able to sell it t...