Damus

Recent Notes

Hoshi · 67w
In the block-size-war miners had to do what nodes wanted. Itβ€˜s said this is important for decentralization. Now, we have hear that core should force nodes to do what big miners want. What am I mis...
arvin profile picture
Big miners have been and are going to do this anyway regardless of what nodes want, because nodes already accept much larger OP_RETURN sizes in mined blocks

... nodes already accept much larger OP_RETURN sizes in *mined blocks* ...

This change *is not* about changing about what nodes accept in blocks (consensus)

It's changing what nodes gossip about pre-block

It's saying that if nodes ignored the gossip, then folks will just tell the miners directly at a higher cost that they are so far happy to pay (shitcoin economics, see BRC20 vs. Runes)

"Core" is saying that pretending to not listen to gossip when you're going to accept the block anyway does not meaningfully stop spam, but it does affect miner centralization

Ironically, the only thing "Core" is forcing is a change that would actually hurt miners by reducing preferential miner fees and opportunities for miner centralization through degraded block relay

Ironically, the thing they are forcing is better for decentralization (accurate mempools, predictable fee estimates, less miner centralization pressure)
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These are the arguments as I understand them so far, but I do agree that communication was handled poorly and that they should never the option to configure in and not force a single setting on nodes

But I also agree that the default should help decentralization and network health. So I agree that raising the default size of OP_RETURNs that nodes *gossip* about with an option to configure is good, given that there is already a much larger limit nodes will already accept in mined blocks today

None of these are consensus changes that can result in any sort of fork though. Nothing here changes what a valid mined transaction is. So comparisons to blocksize war don't really make sense to me because it's not the same game theory at all
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Hoshi · 67w
thanks for clarifying this misunderstanding
Keychat · 110w
No. Please check this note πŸ‘‹ nostr:note18ef8r2naprhyv956syrjyaapc3pqngef7n6ax36ku7g8djfesltqhx6m8s
Keychat · 110w
nostr:note1wpt8rju0v6xg45ejezc3nqj5mdwa6k33uslphud2mtluu4ndwfeqsf7jnk
Keychat · 110w
By the way, we will open source Keychat and release the Android APK this week, if nothing unexpected occurs.
SMS · 157w
Bruh, arguing a static economic model a la #bitcoin or similar doesn’t solve consumer driven economies, and the interest rate of a consumer driven economy is why there is inflation, since interest devalues money. And the demonising a democratic government shows how weak the choice of politicians h...
bitcoinbank · 164w
Its a work in progress. lol. Thank you for your advice. You seem to know a bit about these things, so I would like to try my luck and ask you another question if I may. I have a small business and wou...
arvin profile picture
That's a tricky one, I haven't heard of any

I expect it'll be difficult though because visa/mc payments usually settle days/weeks after the actual payment, and in batches. Would be hard for a service to pay out hard money (bitcoin) against soft receipts (chargeback-able credit card payments)
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bitcoinbank · 164w
Its a work in progress. lol. Thank you for your advice. You seem to know a bit about these things, so I would like to try my luck and ask you another question if I may. I have a small business and would like to turn online payments into #Bitcoin. Do you perhaps know if there is a payment gateway whe...
bitcoinbank · 164w
Think its sorted now?
bitcoinbank · 164w
Thank you, will try to fix asap. For some reason struggling with this parg a bit.