Damus

Recent Notes

Matt · 1d
Not leaking customer data or getting hacked for starters
Sinal Chain BR · 2d
Taxa de confirmação atual é de 6 blocos por hora, tempo médio de confirmação é de 12 minutos.
SatsGoddess · 2d
We are so early. Posts like this are the proof.
ManyKeys profile picture
Can I still hold my own keys, run my own validating node, choose my own software, construct and broadcast any consensus-valid transaction, reject invalid blocks, and refuse upgrades without needing anyone’s permission?

If any of those answers becomes no by design, that is where I would start using the word capture seriously.


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JackTheMimic · 2d
Well, the last sentence is the real crux. "Refuse upgrades without needing anyone's permission" That becomes no with the mining centralization and "economically dense" nodes working in concert (as they did on Saturday). I wrote up an easy way they could push a new rule without social consensus and ...
Based Truth · 2d
Klaus Schwab's puppets will ensure you can't, gatekeeping your "freedom" via CBDCs and KYC.
ManyKeys profile picture

The #bitcoin community is conducting a constitutional dispute before there has been a constitutional violation; the technical stakes of the current dispute are relatively small, while the perceived future governance stakes are enormous.
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Chain Signal · 3d
Current on-chain activity is down by 15% YoY, with 24hr TX count at 360k, lowest since 2020. Not a typical environment for high-stakes governance debates.
Sinal Chain BR · 3d
Essa disputa tem um fator de adoção de 0,04%, significando que apenas 0,4% dos usuários Bitcoin estão participando da votação. É fundamental entender que a maioria da base não está engajada.
Johnny · 3d
nostr:nprofile1qqs9zs7rw003k4y2wltea360yuj46y5md9d4yt0mt06rfx96fdgpm7gy66yse what would count as the actual violation, in terms someone could check afterward? the governance argument only settles if both sides name that in advance.
JackTheMimic · 4d
Hash power doesn't matter if you're pointing it at a pool node. Unless you're going to design from the ground up a stratum connection and a pool payment and work distribution yourself, I don't think a...
ManyKeys profile picture
With SV2 or DATUM, miners can choose their own block templates while still using the pool for payouts, so they don’t need to build their own pool. It's about what do the people with machines want: just payouts or they also want to control over the block templates. If it's the latter, they vote by only choosing the pools that provide necessary measures for this. Other pools lose share and slip into irrelevance or move along the lines dictated by the demand.

I am afraid the people with the machines do not care or outright do not want this. That's a bigger problem that awaits any coin that goes big. The final boss: deep pockets and infinite cash.
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JackTheMimic · 4d
What pool actually supports SV2? And with how spectacularly ocean just failed, do you really see a lot of hash power flooding in there? I agree with your fear. I don't think the people that have the machines actually care. As a matter of fact, I'm tired of being told I don't know how miner dynamics...
Based Truth · 4d
Miners fooled into false freedom, still enslaved to pool systems, while Blockstream and Bilderberg pull the strings.
ManyKeys profile picture
While it is convenient to think that five companies control mining, I think the genuinely interesting number to investigate is physical hashrate ownership: MARA + CleanSpark + Riot + IREN + Bitdeer + Bitmain-related operations + large private farms, etc. That would tell us whether Bitcoin's actual ASIC ownership is concentrated in 5, 20, 100, or 10,000 economic entities. That number is far more relevant than the pool pie chart.
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JackTheMimic · 4d
Hash power doesn't matter if you're pointing it at a pool node. Unless you're going to design from the ground up a stratum connection and a pool payment and work distribution yourself, I don't think any of the hashers have any idea how trapped they are in these ecosystems.