crazypython

BSV obviates the idea completely.

Any mistake the miners make, is forever.

Without this, miners could increase the money supply by indefinitely postponing the block reward.

> "He ought to find it more profitable to play by the rules" > If a group of miners wants to change the protocol, it takes another group of miners to counter it.

No one is going to mine on a chain that produces worthless coins users don't accept. Users forced miners to activate Segwit in 2017, and almost all hashpower is still with Bitcoin.

The ability to prune older blockchain data is an inherent feature of blockchain, as explained by Satoshi himself:

> Once the latest transaction in a coin is buried under enough blocks, the spent transactions before it can be discarded to save disk space. To facilitate this without breaking the block's hash, transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash. Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do not need to be stored.

Only the recent several days need to be stored for security, which allows Bitcoin to run very securely with just 7GB of space.

[0]: https://github.com/bitcoin-dot-org/Bitcoin.org/pull/3624

[1]: https://bitcoincore.org/

Why would anyone mine Bitcoin that merchants don't accept?

Put the code under the GPL so no one can use it to build proprietary software. Visual Studio Code contains proprietary components, so this would prevent that.

On Scaleway and Hetzner, there is unmetered 100Mbps bandwidth.

On Linode, Vultr, and DigitalOcean, there is a 1-month 1TB limit.

It's easy to forget that ads pay for YouTube content, they pay for web content. Google gets an overwhelming cut, sadly. Ads fund the creators that make the content. This revenue is not much and is often barely enough to survive.

They've been in business for longer than DO and are profitable.

My referral link: https://www.linode.com/?r=0d2070f132f02d20a51d54ad971cba7a50...

Comparison: https://www.linode.com/digitalocean-vs-linode/

Performance benchmark: https://www.vpsbenchmarks.com/compare/docean_vs_linode

As of writing, a Bitcoin transaction costs $4.76.

The last time I received a Bitcoin payment, it cost $0.36 in network fees. The network is currently more congested, so the fees are higher at the moment.

The informal consensus of network full (non-mining) nodes enforce that. Full nodes are economic actors, such as people who sell goods and services, who fully verify the chain. They simply refuse accept inflated Bitcoin.

A Bitcoin full (non-mining) node only takes 5GB storage space and 128MB RAM to run.

Censored transactions can hire/pay miners who won't censor more transaction fees, to encourage them to include the transactions in a block. In other words, since transactors pay miners, transactors are customers of miners.

There is an open market competition– any miner censoring transactions will lose higher fees from people who send censored transactions.

People who control stake can refuse to include (censor) transactions, as there is no market competition for transaction inclusion like in PoW. In PoW, if 51% of network power is censoring transactions, then censored transactions can attach a higher fee, which competing miners will use to buy more equipment and mine the censored transactions.

These are the ones I know about, that I learned in an evening of research.