Damus
unSATiated · 3w
Please help me understand why you and nostr:nprofile1qqs8fl79rnpsz5x00xmvkvtd8g2u7ve2k2dr3lkfadyy4v24r4k3s4sppemhxue69uhkummn9ekx7mp0qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshscy566r are so o...
Tauri BIP110 profile picture
Because miners have nothing to lose by activating it and much to lose if they try to ignore it. It’s a classic prisoner’s dilemma type situation. Plus they can lose up to 13% fee revenue from users rejecting their blocks while earning about 0.1% extra revenue from mining spam. If they ignore BIP-110 in August, it will be a clear signal that they’re acting maliciously rather than rationally from pure economic perspective.
❤️1
unSATiated · 3w
Regarding the "nothing to lose" part: wouldn't they be wasting resources mining only BIP110 compliant blocks and ignoring invalid ones, when the majority of miners will mine the BIP110-invalid blocks, and form a longer chain, as validated by the majority of nodes?