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2026-10-19 08:19:17 UTC
in reply to

Jackthemimic on Nostr: Several mistakes here: 1. Either BIP110 is effective and stops spam or is ineffective ...

Several mistakes here:

1. Either BIP110 is effective and stops spam or is ineffective and does nothing to stop spam. Pick one. The only way it "Restricts revenue" is if it actually stops spam (which it doesn't). But regardless both segwit and taproot reduce fees because they discount bytes in the witness so, your premise is just false on its face.

2. A restrictive ruleset is ALWAYS valid on legacy nodes because it doesn't add new rules it limits existing ones. So your node being more permissive means nothing (your node doesn't matter because it doesn't object).

3. "Why would independent profit-seeking miners voluntarily coordinate..." This is my entire point they AREN'T independent. They are regulated companies. The hashers are regulated. The exchanges are regulated. The pools are regulated. Nothing is the mining apparatus is independent. Which is why I claim that they are centralized.


You have to start from first principles and stop making assumptions.