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Do you think any of these ideas could help counter this trend:
- white listing: only open channels with counter parties you can trust not to share balances
- black listing: compile a list of known balance sharing nodes and develop open source tools to automatically blacklist them in routing, peering, and channel creation
- Taint balance history databases with intentionally bad data
- Modify routing algorithms to split payments more aggressively and route through more nodes
- Augment the protocol with some kind of payment batching / net settlement protocol
- Organized monthly local Bitcoin meetup and spent there some sats for drinks.
- Coded, tested, reviewed and merged some GitHub pull requests.
Let's suppose we took the current block size limit, 4mb, and decided that on January 1 we will reduce it to 2mb. Now, Grandma Gemma doesn't want to upgrade, so she keeps running an old node. On January 1, what happens?
Well, Grandma Gemma's node doesn't require blocks to be 4mb -- it will accept anything 4mb or less. Suddenly she starts seeing 2mb blocks. No big deal -- she accepts those too. That's why it's a soft fork, old nodes don't mind the new rules. But let's suppose some rogue miner decided to mine a 4mb block after January 1. What happens?
Well, most of the network rejects that block, because it violates the new rules, but Grandma Gemma accepts it. Chain fork, right? Not so fast: nodes follow the "most work." So unless the rogue miner has more hashrate than everyone else, the chain with "small blocks" will "outgrow" the chain with "large blocks" -- and as soon as Grandma Gemma's node sees a longer chain with more work, she will discard the "big block" and go with the longer/more-work chain.
That is why making the block size smaller is a soft fork: it doesn't cause a meaningful chain split as long as most miners are on board with it. It doesn't have to be all, just more than 51%.
I think it is a matter of perspective. People who don't understand Bitcoin think they are being aggressive owning it but people that understand it know they are being conservative and see it as savings.
Also, I hate that they use the word crypto.
This is kind of an ironic post to bump into today. I'm about to drive up to a far away town to make some music, and they're going to give me enough money to cover this month's mortgage! haha Admittedly, today's gig is pretty good for a Tuesday, but my income is currently[1] still entirely from music, and I have four dependents! I'm not sure how you're defining economic value, but there are people and companies that are willing and able to pay myself and other artists that I work with enough to live pretty comfy, middleclass lives.
I would recommend avoiding V4V for anybody that is actually making music commercially. It's fun for side projects, and a great place for hobbyists, but really the only way to monetize recordings is to sell at shows or through bandcamp exclusively. Most artists in circles that I run in view Spotify and Wavlake and similar platforms more for documenting work. When you want to release something on the internet in a scarce way, use bandcamp.
I actually totally want to work in bitcoin these days. My passion is there since 2020, but ironically can't find anything beyond volunteer stuff, which is fine. In the meantime, music is my daygig! haha ↩
Laser is also an acronym.
Yes it's spelled with and S and not a Z. And don't tell me that in American English it's a Z it's not it's just flat out incorrect and a commonly circulated mistake.
Anyway.
It stands for
Light Amplification by Stimulated Emission of Radiation. L-A-S-E-R.
(You don't spell stimulated Zimulated do you? Now go forth and remove thyne Zs)
Aside from being impossible to read I like this a lot. Thank you.
When I started reading novels again, I noticed my brain changing modes. There was actually a bit of a hurdle for my brain to settle into doing an uninterrupted activity like that. My work tends to be very fragmented, so it's a bit rare that I get to spend several consecutive hours working on something.
I was also thinking about this a bit while chatting with @siggy47 about his cruise. Whenever we go on a cruise, there's a noticeable adjustment to not rushing through things as though you have something else to get to.
Do you think there are benefits of being fragmented rather than present? Or is it just a new obstacle that we need to adapt to?
Thanks for sharing.
It triggered another smash buy for me, knowing what kind of slimeballs I'm defunding.
Let's build out the lightning network so it's ready for worldwide adoption! 🙌