Post
Topic
Board Bitcoin Discussion
Re: Mempool and Spam Transactions LOL
by
BenCodie
on 09/01/2024, 08:01:54 UTC
its become too common that this congestion is blamed on miners and not the actual coders that allow/created the problem
its worth knowing that ASICS(miners) just hash a blockheader ID and have no influence of the transaction selection.
asics have no ram to store mempools of unconfirmed tx's nor hard drives to store all transactions, node software, code to validate transactions
its not miners job to transaction select

its pool managers that do transaction selection using code made by core that prioritise transaction by cores policy of fee estimates

so while core devs have pushed a narrative to blame miners and pretend miners need the extra income. miners dont need the income nor resort to extortion to get it. but they simply happily receive extra income via their pool for just existing on a pool. miners dont need the extra, but would be happy to receive extra

the real finger pointing should be the pools that accept the spam and the core devs that caused the exploit but dont fix the exploits that allow the spam/fee bumping

Lobbying exists in the USA. Corporations fund politicians to push policies that are in line with corporation interests.

Can you confidently say that no incentives have flown within the powerful or influential hands of the decentralized Bitcoin network, in order to generate significantly more income of large-scale mining interests and anyone else who would be benefiting from ordinals?

I have previously been called a conspiracy theorist for blaming miners or mining related interests for the ordinals spam, since that opinion I've realized that I've overlooked the other interests potentially making a profit as well, however the difference between them and miners is that miners have the option to exclude ordinals for the betterment of the network if they wanted to do so.

One thing that I will agree with against my theory, is that core devs are to blame more than any other party as they have ultimately enabled this problem and so far have not aimed to fix it in a consensus manner. Are they lobbied, or ignorant? I have to believe, based on how this world works, that they are lobbied...and that pools are probably a part of that lobbying campaign, as well as any other profiteers involved in the ordinals scheme