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Machu Pikacchu profile picture
Not agreeing or disagreeing here but wanted to think out loud and get your thoughts.

Suppose we have a variable block size. What would it hinge on? Keeping transaction fees in a certain range? It feels like that could be gamed by pools who move their own funds back and forth to keep a baseline demand up and then we fill nodes faster than we currently do.

If we're worried about keeping a sufficient baseline hash rate when total block rewards are so low, the heatpunks would argue there will be a large group of heaters subsidizing the network.

Guess I'm trying to understand the mechanics of a market driven block size. I worry about premature optimization with bitcoin but it makes sense to hash out the details long before we may need them.
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vnprc · 55w
H/T nostr:nprofile1qyv8wumn8ghj7mn0wd68ytnvdac8qtnnda3kjctv9uqzpaegm8nwwpyrtrnsjv84efjtp9mhpkvfenvxs487vx8d48y28qgxxgzsvk https://www.youtube.com/watch?v=cPPKok5luk4
Junkflex · 82w
https://junkflex.com/bitcoin/french.jpg 🇫🇷 The French Senate has approved the 2025 budget, which includes an “unproductive wealth” tax targeting assets like #Bitcoin. The tax would apply an...
Machu Pikacchu profile picture
This is how states who can’t print their own currency end up building a “strategic reserve” by squeezing coins from those who own them.

Beware of governments wanting to create reserves. Instead of pumping your bags they might just cut a hole in them.
Anarko · 113w
Sriracha sauce history Sriracha sauce has a rich and fascinating history that spans over 80 years. Here’s a brief overview: Early Beginnings In the 1930s, a Thai cook and entrepreneur named Thanom Chakkapak developed a hot sauce for her home kitchen, serving it on fish and other dishes. Encourage...