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.
Post by twetch#2130
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.
What the chain says
- Block
- 633 720
- Time
- 2020-05-06T14:09:24Z
- 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 (9)
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.
If TAAL have an SLA with 1-day settlement, they just need one block per day to fulfil that. How much would a competing BSV miner have to up their hash to prevent TAAL from winning a block?
Now imagine that this 1 block gets orphaned, because its too big for the majority of other miners that refuse to scale up tx-count/blocksize and stick with the block-reward-only business model.
as long as price of BSV is high enough, they can play thisgame
So many miners will have to up their game. This is my point, would TAAL and other big block miners just refuse to build upon these small blockers blocks. Fork them off essentially. Even though they are acting legally. They can come and go freely.
The one day settlement is easier to fulfil for sure. I'm sure they want more transactions than they can fit in one block. But what about smaller time frames? 4 hour etc. TAALs hash will grow going forward massively, it has to in order to guarantee this.
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.
Absolutely. 🤞 they do become the leader in terms of hash. I own a few shares 😉 Let's hope we get a bloodbath. Interesting to see how this plays out. It may take another halving to truly kill BTC. 🤞 this one inflicts the fatal blow & it limps on at best.