Damus
Kyle Torpey profile picture
Kyle Torpey
@kyletorpey

#Bitcoin research and analysis | As seen in Forbes Fortune Bloomberg WIRED BitcoinMagazine

Relays (11)
  • wss://nostr.bitcoiner.social/ – read & write
  • wss://relay.damus.io/ – read & write
  • wss://nostr1.tunnelsats.com/ – read & write
  • wss://nos.lol/ – read & write
  • wss://nostr.wine/ – read & write
  • wss://relay.nostr.info/ – read & write
  • wss://nostr-01.bolt.observer/ – read & write
  • wss://nostr-relay.wlvs.space/ – read & write
  • wss://eden.nostr.land/ – read & write
  • wss://relayer.fiatjaf.com/ – read & write
  • wss://nostr-pub.wellorder.net/ – read & write

Recent Notes

Kyle Torpey profile picture
MINERS HAVE BECOME LESS ACTIVE IN TECHNICAL BITCOIN DISCUSSIONS

These days, there tends to be a wall between the mining, development, and other sectors of the greater Bitcoin network, almost as if they operate in completely different industries.

This was a view shared by Blockspace Media’s Colin Harper and Charlie Spears in an episode of Bitcoin Season 2 that was recorded at the North American Blockchain Summit in Texas earlier this month.

According to the duo, 30% of the network hashrate was at the event, and no one had been discussing the recent release of Bitcoin Core v30, which included a policy change that is at the heart of the “spam” controversy.

“Bitcoin has become incredibly siloed, and it’s very hard to be a subject matter expert in all of these different siloes,” said Harper. “And miners are mostly worried about making money.”

Spears added that most BTC miners would probably not know what version of Bitcoin Core their mining pool runs.

“They’re not thinking about it,” said Harper.

To this point, many miners and mining pools who Protos reached out to for this article appeared uninterested in commenting on the controversies around “spam” and “illegal content” on Bitcoin.

Some respondents indicated they weren’t the right entity to comment on potential soft forks related to spam, while others stated that they simply did not want to get involved with the drama.

Earlier this month, LayerTwo Labs CEO Paul Sztorc also claimed that Foundry, which operates the largest BTC mining pool on the network, plans to never have any opinion about anything going forward due to a previous controversy related to Ordinals Inscriptions.

“I think miners have mostly cared about one thing: the Bitcoin price,” said Sztorc when reached by Protos for comment.

“Secondly, they have learned that if they get involved, people will be upset.”

This is an excerpt from a new article on how miners are thinking about the "spam" controversy and the recent associated soft fork proposal. Read the full article over at Protos: https://protos.com/bitcoin-mining-industry-mostly-uninterested-in-spam-controversy/
1🤙1
captjack 🏴‍☠️✨💜 · 26w
centralized 3 to5 players left - nothing called mining at all anymore less 1% left it all about who has has control now n can hijack hash
Kyle Torpey profile picture
Is there a way to view Nostr posts that are popular among people you follow?

Started using this feed that shows popular posts made by people I follow, but I’d rather see a feed influenced by people I’ve chosen to follow (trust).

Is that possible on Nostr? Web of Trust-based social media algorithms seem like the best.
🤙1
nostrich · 27w
Some people are so corrupt and compromised that they don't care about Bitcoin or The Hope for Humanity. Core V30 is the attack on Bitcoin.
Vlad, Bitcoin Takeover Podcast · 29w
In 2018, Bitcoin maximalism was truly punk rock All about sticking it to the man, telling nation states and VCs that they can’t invent a better Bitcoin We have this immaculately conceived money ...
Kyle Torpey profile picture
The situation with Ethereum seems objectively worse. They literally just built tech for the U.S. dollar and for crypto people to use to reinvent the existing financial system with them in power instead of traditional banks.

Monero is the most legitimate altcoin to ever exist, I agree there. I still think it gets replaced by better privacy on Bitcoin though.
❤️1
Kyle Torpey profile picture
I’ve seen many decentralized or alternative social media networks pop up over the past decade or more, but Nostr is the only one that has had this level of staying power.

I still mostly use X, but it’s impressive how many people are still clearly using this network after a year or two. Nostr has staying power.
❤️2🫂1
Ben Arc · 30w
It's scaling in action, all those coffees bought using LN and minimal onchain footprint. But we need morrrr scaling, so we need morrrr spam.
dazzling · 30w
Or that the scaling solutions are actually working?!