Re: [50+PH] KanoPool kano.is 0.9% PPLNS US,DE,SG,JP,NL,NYA 🐈
To sum it up Segwits, is it is not about the miners at all. It is about turning bitcoin transactions and confirmations into Third Party Programs that have no business even talking about our currency. Yes, I say ours because every miner has dumped a significant amount of money to become part of a great peer to peer network. They pay for their miner, their power bill, their internet bill to support the greatest thing to happen to currency with minimal returns up front. I am constantly amazed when I read the ridiculous articles online and then you get the comments believing that if we adopted segwits the block size automatically increases. HUH?? Some people you just cannot explain it too no matter how much you try. Does our block size need to increase? Yes, but Segwits is not even an option for increasing block size, it is off chain mining, I repeat off chain mining or in an other term it is a way for greedy developers to profit from bitcoin off the back off the miners while preaching to the masses bitcoin is not about the miners. Plus opening a hole in the code that allows for developers who never owned a miner in their life to come in and start making money on our currency using our blockchain. There are so many things wrong with it.
Mr. Blockchainmines, that's is just about exactly how I see it. I don't have a fraction of the hash that you or many other people have, but I have still put in a lot of time, effort, sweat, money, and babying to keep my miners up and running and as happy as they can be running in a small spare bedroom.
Call me greedy, but I call it getting the best return that I can on my investments and the hard work I have put into it. I see no reason (or benefit) to help some clowns make large quantities of cash on my hard work. The "off-chain" transactions that these people support are ridiculous as they want to leave the miner out of most (all) of the benefits of their scheme. And yes, it is a scheme. It is only beneficial to the developers of LN and segwit. All of these half-assed proposals like BU and the like are just as worthless and dangerous.
Without us miners there would be no Bitcoin. But there can certainly be Bitcoin without LN or segwit. And that's the way it will continue. Until someone offers up a workable, fair, and secure method of scaling that benefits more people than it hurts, I'm content right where we are for the present time.
MINE ON!!! COMEONBLOCKSSSSSSSSSSSSSSS!!!!!
I have to add my 25 Satoshi's worth...you're both right on, in my humble low-hash opinion. I've worked in high-end banking (investigations), and I've been in IT since they were steel chassis and vacuum tubes (yes, I have actually put my hands on a real Turing machine).
All that said, my last (and longest) profession in behavioral science (and yes, I occasionally like to refer to some forms of it as BS) has me both giggling and shaking my head at some of the "logic" I see in the arguments. Most are based on plain and simple greed, peppered with a really clear NON-understanding of the blockchain, or even of basic currency dynamics. A big reason why I mine here is that us "little folks" can commiserate with a whale or two in pure equality, share our data and experience, and try to build a better blockchain for the planet...not just ourselves. This is way beyond who has the most fiat.
