Lots of miners will want to work with TAAL, no doubt about that. What I mean is how will they guarantee end of day/4 hour settlement etc in fiat based contracts if they don't have the necessary hash to produce enough blocks at the right times.
Post by twetch#2130
What's to stop other sha256 miners with lots of hash just mining blocks with few transactions in them. This is completely within the rules, they could even mine empty blocks. They can come & go freely. This is my concern. W
What the chain says
- Block
- 633 644
- Time
- 2020-05-06T00:15:48Z
- Signer
- 1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2130
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw VerifiedReplies (12)
Would TAAL & partners just refuse to build on these blocks. Do you see what I mean. These games could be played by people to disrupt TAALs business model.
Other SHA256 miners still dependent only on block reward have a biz model dependent on BTC number go up. TAAL is expecting a bloodbath at halving. They will buy up a lot more equipment during this time via shares. No SLAs live yet, but ill reassess then.
TAAL will snap up more equipment for sure. I'm not worried about it, I'm just pointing out that hash still matters. If you require a certain number of blocks per day to meet your fiat contract obligations, then you require a certain amount of hash.
It doesn't have to be a BTC miner. Could just be a competing BSV miner offering similar contracts who have more hash than TAAL, which could impact fiat based contract obligations. What happens if they miss settlement times. I'm just thinking possibilities.
Yes i understood.. but they're already getting multiple blocks on BSV per day. What im saying is BTC hash leaders won't be after the bloodbath. Quite possible TAAL will become a hash leader as well as tx processing leader.