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npub1r5v4...rvel
npub1r5v4...rvel
Regarding Pieter Wuille's article on the relay policy drama, I find it strange that the slower relay of non-standard blocks is always portrayed as a purely negative outcome that must be prevented at all costs. When mining is centralized, as it is today, you’re already relying on the miners’ goodwill not to give themselves a head start anyway .. so why pathetically cater to them? When mining is decentralized, non-standard blocks take longer to propagate through the network, increasing the risk of becoming stale. This, in turn, discourages miners from including transactions that the network does not like, making nodes a much more relevant force in shaping the 'average Bitcoin transaction' than the article of Pieter Wuille portraits it as.
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#bitcoin #knots #core
Yesterday, there was a Mercedes 300 SL "Gullwing" on my gym parking lot. Back then, at $6,800 it cost twice as much as a Corvette and many consider it to be the world's first supercar. Only 1,400 of these coupés were built from 1954 to 1957. This monster came in with a 215 hp 3.0L inline-6 with fuel injection, which was absolute peak German engineering that put everything else to shame. Nowadays, these cars trade around 1.5 million dollars, which is a 7.3% CAGR, and I'll get one once #Bitcoin hits parity.
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Would it have been better if Satoshi just went “Fuck that, we use the patented Schnorr signatures instead of ECDSA .. tf they wanna do? Sue us?” Devs would probably have to be even shadowier super coders in the beginning but it would have been another example of Bitcoin’s power. #asknostr #bitcoin