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100 sats \ 2 replies \ @Fabs 24 Feb \ on: A [pro] Marathon Slipstream rant: bitcoin
I don't fully get it, but: Block space = expensive, large tx's to be settled by private mining pools, given one pays the asked fee (future), correct?
Think of it like the bitcoin blockchain version of an OTC market. My hope is it can incentivize and normalize much larger and more complex transactions. There's more legal liability for the miner but that's a good thing perhaps to where an entity does a $15B tx representing several entities? There's jurisdictional arbitrage there too. Also, this is only possible because of Marathon's vertical mining integration. If this kind of thing is successful, along with other innovative stuff, will it also incentivize more of it, so more independent pools, and fewer oversized 3rd-party hash-power blobs? More independent mining pool distribution, aka decentralization? A stretch, but since it's completely within the consensus rules and nothing can be done about it, I'm trying to highlight positives. 🤷♂️