Steve Reed

The cost of rented hash on braiins is starting to command a significant premium. If I was a hash bitch I would be leading the stampede to sign my hash up for such a market. 1 Exahash expected daily payout - 0.47102BTC Spot Rental Price - 0.49290BTC A very easy way to get paid 5% more for your hash, guaranteed. @oomahq @GrassFedBitcoin

@Vladcostea God I wish your second paragraph were true.

The smart guys who had the intuition to understand that Bitcoin won’t improve in any meaningful way have created Litecoin, Ethereum, Monero, Zcash, Dash & other popular coins The stubborn guys who hoped Bitcoin would eventually do all the interesting altcoin stuff seem to be forking off too this year Which is really sad for Bitcoin, as only the greedy NGU bros, the suits and the most foolishly idealistic of devs will remain

@w_s_bitcoin A rational miner behaving rationally is good to hear.

@SteveJReed Even Bob, the largest miner in support of BIP-110 said he wouldn’t keep running it if it looks like it’ll cause a chain split.

Rekt. 😂💀

@w_s_bitcoin Just because it's cope doesn't mean it isn't true. It largely depends on the message breaking through our tiny specialised algorithmic bubble. How the Mexican standoff plays out between miners only stands to humble the ones making such confident predictions.

@SteveJReed That’s cope. Of course there’s incentive which is why the tiny amount of supporters with hashrate are currently signaling and why SegWit had a good amount signaling from the start of its signaling periods.

@w_s_bitcoin There is really no incentive for miners to show their hand until activation day.

@SteveJReed Except it won’t because it’s failing miserably to build consensus. 🫠

@w_s_bitcoin I will happily claim my place on the left side of the bell curve if it makes jpegs harder to inscribe on the chain. Yes.

@SteveJReed Core didn't change what's a valid transaction, m8. Luke's the only one trying to do that. I know this stuff can be hard to learn but ffs it's been years now. Are you gonna keep being retarded about this forever?

@w_s_bitcoin It's clearly on their path to deprecate. If you're trying to make the point that Devs are deciding what is a legit transaction in Knots, that applies 10x for Core.

@SteveJReed Core removes filters they no longer believe are effective or necessary (e.g. fullrbf). But because so many people cried about this one, they left it in. And you're still crying about it...even though you probably aren't even running Core v30? 😂

@hodlonaut Shinobi and Adam have honestly been the best advertising that BIP110 could have asked for these last few months.

@SteveJReed I never sided with them, I just needed more time to educate myself on the OP_RETURN and BIP110 drama. But yeah...

Never would I have believed five years ago that I would be attacked, smeared and harassed by Adam Back, Shinobi, MrHodl and others for publishing a fully sourced investigation article about Bitcoin Core governance. It doesn't quite feel compatible with the whole "don't trust, verify" and decentralization mantras. It really is an unbelievable state of affairs. Appeals to authority, shaming, ad hominems, smears.... Zero engagement with the imo shocking revelations of the articles.

@flaming_hodl @ocean_mining To evaluate properly you need to stop mining and let the rewards window close out, the way the rolling reward window works makes it difficult to grasp an accurate picture.

I'm 1-2 mined blocks away from reaching @ocean_mining minimum on chain payout amount. I'll use that as an opportunity to analyze costs and post it here. There was much experimentation during this time so it increased the cost compared to what it otherwise would have been.

@0x44_ @w_s_bitcoin The way the question is first phrased is abstracting it as well. They are just polymorphs that exploit different parts of peoples limbic systems.

@SteveJReed @w_s_bitcoin There's no need to reframe the question. Doing so is just trying to abstract the problem away to justify one's fear. As fear always rationalizes. You know people are going to choose blue, and they're especially worth saving.

This is probably why Neanderthals went extinct while Homo sapiens went on to rule the world.

@FieldNas I have settled on a roughly weekly payout schedule and just manually send it back to braiins.

@FieldNas I considered this but then you will never be able to enable lightning payouts if you want to fully drain your account with Braiins. Will need to gamify it a little bit if you want to fully extract your BTC. Not your keys not your coins etc.

Big Brain🧠 Set my Ocean payout address to my Braiins deposit address and create a BIP110 signaling perpetual motion machine that boils the oceans. ✅✅ fine print: requires periodic altruistic donations. personal note: "sign me up."

@0x44_ @w_s_bitcoin I am not even gonna pretend that I will pick Blue. An easy reframe of the question changes the outcome: Everyone who presses Red survives, everyone who presses Blue joins a lottery for voluntary euthanasia.

@SteveJReed @w_s_bitcoin You're right to question the virtue, and in fact when the situation came down to it, you actually might find yourself voting Blue. Personally, I just hope I don't give into fear, should it or a similar situation ever arise. I hope I'll be brave enough to pick Blue.

@w_s_bitcoin Still zero consequences. Until you stare down the barrel you don’t know how you’ll behave. The red voters you can trust are at least being honest.

@SteveJReed It's actually a private Twitter poll. Most people vote and don't leave any comment saying which way they voted.

Maturing in Bitcoin is going from checking the price 100 times per day, to checking whether Ocean has found a block 100 times per day. @mattkratter @GrassFedBitcoin @LukeDashjr @oomahq