harq on nostr

Recent Notes

Chris Liss · 100w

it was a joke

harq @harq 1718127519

I should have known...

Chris Liss · 100w

only someone on the far right would say that

harq @harq 1718014474

Nah, it's a catchall for discrediting anyone without actually going to the trouble of dismantling their arguments.
In my country, while we were under communism the equivalent was the phrase "the people's enemy". Once you were labeled with that, you were effectively an outcast and would leave the country, if you got lucky.
If you weren't you got a "fair" trial and were shipped to an island called Naked island where you'd be breaking rocks the whole day, every day.
By the end of the 80s that term was thrown around in tandem with several others, but by that time it was so overused nobody gave a single shit about it. The "far-right" label is reaching the same point.

Chris Liss · 100w

it was a joke

harq · 108w

I think he worded it awkwardly and that wasn't what he meant. Maybe the meaning is that the L1 blockspace would be enough for just the biggest txs that will ne able to afford it.

harq @harq 1713034732

My explanation wasn't any better, so let me try again.
The L1 blockspace would be enough just for the whales, institutions or countries to transact on.
Not 1 transaction/block, but just the most valuable txs would/could be done on L1 due to the costs.

no₿ody™ 🧱 · 108w

So you’re saying future, more advanced tx’s could be so data heavy that maybe just one (or not even one) would occupy the entirety of today’s block size?

harq @harq 1713034428

I think he worded it awkwardly and that wasn't what he meant.
Maybe the meaning is that the L1 blockspace would be enough for just the biggest txs that will ne able to afford it.

harq · 108w

My explanation wasn't any better, so let me try again. The L1 blockspace would be enough just for the whales, institutions or countries to transact on. Not 1 transaction/block, but just the most valuable txs would/could be done on L1 due to the costs.

harq · 161w

harq @harq 1681298165

I was under the impression I was replying to someone else. New to nostr, not really getting who I'm answering to on what.

harq · 161w

harq @harq 1681278332

Asking this question reveals the lack of understanding about the topic.
If somebody invented an ASIC that is so powerful that just one machine replaces the entire current hashrate, what do you think will happen?
Will everybody except that one guy with that one ASIC just stop mining and leave OR will they try to get a few of those as well?
The limiting factor, in todays world, is energy.

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🐢 · 161w

This person gets it. And that energy is Electricity in particular. And electrical power works within parameters of current, voltage, and resistance, within conductors for transmission like copper or aluminum. These create physical restraints to delivering electricity to where it’s needed, further ...

harq · 161w

harq @harq 1681277921

Efficiency improvements have been happening the whole time and energy expenditure isn't going down.
Why do you think that is?

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Mike Brock · 161w

But the money that comes from the usage provides income for investment in maintenance and capital investment in increased capacity. Including investment in cheaper, cleaner energy.

harq @harq 1681204690

You completely missed the point of bitcoin mining. The energy expenditure is the main factor that keeps the network secure.
ASICS get more efficient all the time and hashrate keeps going up because of it, but the thing that should be looked at is energy expenditure. That's the real cost of network security.

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Mike Brock · 161w

I don’t think I missed this point? I was talking about the electrical generation and transmission infrastructure.

House_of_Lewis · 161w

So, if someone could figure out some big leap that reduced the energy expenditure, then that could reduce network security?

harq · 161w

Efficiency improvements have been happening the whole time and energy expenditure isn't going down. Why do you think that is?

harq · 161w

Asking this question reveals the lack of understanding about the topic. If somebody invented an ASIC that is so powerful that just one machine replaces the entire current hashrate, what do you think will happen? Will everybody except that one guy with that one ASIC just stop mining and leave OR will...

harq · 161w

I was under the impression I was replying to someone else. New to nostr, not really getting who I'm answering to on what.

🐢 · 161w

Except they aren’t, they are high use consumers. This is a significant difference from the majority of electricity consumers, and is more akin to industrial users. High electrical use can strain...

harq @harq 1681204381

Texas proved that miners can serve a role in stabilising the grid by providing extremely fast response time with regards to adjusting supply/demand ratio.
They are especially useful in areas where energy production is highly weather-dependant and thus unstable.

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