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10 sats \ 4 replies \ @02bcd3eeb0 18 Jun \ parent \ on: Foundry won against AntPool's competing block by switching to their own block bitcoin
Lol. Do you even hear how ridiculous you sound? In a good and healthy mining industry selfish mining would be a complete waste of resources. It happens precisely because the industry is so unhealthy that there are only 2 entities producing block templates.
Those are not my words. It's the consensus judgement by cryptographers from the day selfish mining was thought of before it even happened for the first time ever.
It's what happens in free market competition. Free markets are a self-balancing system. Inefficiencies create incentives for people (=smaller miners) to arbitrage them (=switching pools)
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It's the consensus judgement by cryptographers from the day selfish mining was thought of before it even happened for the first time ever.
Lol, no. Selfish mining was actually discovered by bitcoiners, and is one of the reasons we didn't increase the block size. Markers are not always "self-balancing systems". Winner take all markets are extremely harmful for decentralization.
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Markers are not always "self-balancing systems".
pool allocates resources inefficient ➡️ miners switch to more efficient pool⤵️
⬆️ miners switch to more efficient pool ⬅️ other pool dabbles in selfish mining
Capitalism takes taking Ws, Commies like Peter Todd keeps taking Ls