Norbert on Nostr: While this case seems exceedingly stupid, I'm still fascinated by the idea that ...
While this case seems exceedingly stupid, I'm still fascinated by the idea that bitcoin creates its own demand for block space through the need for consolidation. Rational consolidators are buyers of last resort, ensuring miners will always have a reward to compete for.
Published at
2024-06-08 12:17:32Event JSON
{
"id": "d31cb492fce98821a93282ee4517fb5dbbd2d8165b30952b9bd4ad511c122046",
"pubkey": "f0a8bcfd62a5b896a7b8cf4b10091fcce563e71141fee9716d2ffd532b4c9be1",
"created_at": 1717849052,
"kind": 1,
"tags": [
[
"p",
"f728d9e6e7048358e70930f5ca64b097770d989ccd86854fe618eda9c8a38106"
],
[
"e",
"51f00febfdb52290da39ba02fc2308015bc11e4830d3d3c0331cb1c97c030dbd",
"wss://nostr-pub.wellorder.net",
"root"
]
],
"content": "While this case seems exceedingly stupid, I'm still fascinated by the idea that bitcoin creates its own demand for block space through the need for consolidation. Rational consolidators are buyers of last resort, ensuring miners will always have a reward to compete for.",
"sig": "a2c1a35fb9c83074867d4073b6a0e6730c09467be4abc9d20ae572e457b6802c361e980e3f7b35a1df4ecfa24e4b57b04ca39681fb5e43b9b1f456679a239f56"
}
