Since I don't own mining equipment, what is the difference between the costly signal of paying matterpool as a costly signal vs paying Baemail/the recipient as a costly signal?
Post by twetch#1784
Matterpool is a bitcoin miner. The same infrastructure will be mining Boost+Bitcoin seamlessly soon. Regular users will not know or care who mines them.
Regarding the costly signal.... if you pay a fee to someone - how does it provide you "went without?"
What the chain says
- Block
- 632 747
- Time
- 2020-04-29T22:02:36Z
- Signer
- 14QXphEYn97GKtCkjChvfmastRBPsBwJdx
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1784
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
14QXphEYn97GKtCkjChvfmastRBPsBwJdx VerifiedReplies (4)
Sending message options:
- Message with bitcoin value attached to recipient
- Boost a message (showing how much energy was spent)
Both options provide different benefits/drawbacks. For ex, Option 2 does not allow receiver to just take the money.
But it seems that there are other solutions to the "went without" problem than (2) that also provide a benefit to the recipient.
I think I'm just failing to see what benefit PoW provides to people outside of Bitcoin students.
Perhaps I'm wrong, though.
That's a good question.
Non-bitcoiners are already familiar with "Boosting" or "promoting" a twitter or FB post. They can see Boost POW in a similar way.
For 1:1 messages.... Boost will serve more as a spam filter I think.
Also - I used Matterpool as an example just because they are doing this today. I think the same thought experiment applies to any miner.