pull down to refresh
55 sats \ 4 replies \ @scottathan 12 May 2023 \ parent \ on: What is the game theory behind the fixed block size and the fee market? bitcoin
The idea is that if nodes become too expensive for the average person to run then consolidation of consensus power into the hands of a fewer number of rich participants becomes likely. This hurts the decentralization and security of the network.
okey okey I got you. That is why I find the Monero approach with RandomX very interesting specially with P2Pool.
On the other hand the idea of industrial miners make a lot of sense and having those around the world creating new sources of energy sounds awesome!
reply
Yeah, RandomX is super cool, although I wouldn't be surprised if someone figured out a way to build specialized hardware for it eventually.
I'm not very familiar with P2Pool. Is that anything like StratumV2?
reply
If necessary, bitcoin will swallow this ability instantly!
As it happened with the NFT BRC-20token.
So it's just a matter of time.
just need to understand that all blockchains are copies. just a testing ground and a test of the necessity of the technology.
for example the master node technology, doesn't make sense.... i think i was able to explain the essence of the structure subtly enough.
reply
sorry but I don't know enough to give you an educated answer
reply