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Mags
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2024-04-23 14:57:16

Mags on Nostr: Paypals' new green scheme makes no sense. It wants miners to pick low value fees ...

Paypals' new green scheme makes no sense. It wants miners to pick low value fees (uneconomical) & some benevolent entity (tbd) will give them a subsidy to make up for it

Bitcoin doesn't need wonky schemes, miners are already building renewables & cutting methane & toxic waste


Fees rn are 3 BTC, it would need to be a sweet subsidy to make any rational miner switch to Paypal's wonky green scheme


The paper: https://pyusd.mirror.xyz/P2fyue5RNhdOAV_IREgLPkj70vk-7zLAAw7Rk39s0iw
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