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> Which is a reward for processing transactions. No, it is a reward for finding the next block. Miners can optionally choose to include transactions if they w

> Which is a reward for processing transactions. No, it is a reward for finding the next block. Miners can optionally choose to include transactions if they wish.

arcticbull 6y ago
A block of... 0 or more what now? Which wouldn’t need to exist if the ledger was immutable? Ergo... I mean you seem pretty intelligent so I’m gonna assume you get my point. 0 or more transactions form a block, which is mined to facilitate mutations. Mutations in the form of transactions. Nothing more. The block reward is compensation for providing the service of processing blocks of 0 or more transactions. A mining scheme that consistently has 0 transactions achieved nothing. End of story. If you disagree explain to me what else mining achieves.
- DJBunnies 6y ago
  No, you nailed it, 0 or more transactions. Power is not directly tied to transactions as a result. Edit: in case you’re still struggling: mining yields the block subsidy reward. That is its primary function.
  - arcticbull 6y ago
    See it’s solely for transactions. Without transactions or mutability mining wouldn’t be required. This division is fair game. The block reward subsidy is only required to reward the processing of blocks which wouldn’t need to happen if transactions weren’t a feature. The method of facilitating transactions consumes all the power, so you can divide the average number of transactions per block to obtain the power expended per average transaction. Trust me I’m not struggling here, except with pushing back on the koolaid consumption. Folks who pursue extensive mental gymnastics to justify their having obtained wealth through environmental destruction: it’s like if everyone holding Bitcoin woke up one day to realize they’d killed a gorilla in the process. They’d try really hard to convince themselves they didn’t or that it wasn’t their fault. Even to pretend it didn’t happen because the gorillas were simply transmuted to a better life in the sky.
    - DJBunnies 6y ago
      I disagree with your points, you can’t really generalize it all together and say “see look it’s the same!” when it is so clearly not. Good day.

> Which is a reward for processing transactions. No, it is a reward for finding the next block. Miners can optionally choose to include transactions if they wish.

arcticbull 6y ago

A block of... 0 or more what now? Which wouldn’t need to exist if the ledger was immutable? Ergo... I mean you seem pretty intelligent so I’m gonna assume you get my point. 0 or more transactions form a block, which is mined to facilitate mutations. Mutations in the form of transactions. Nothing more. The block reward is compensation for providing the service of processing blocks of 0 or more transactions. A mining scheme that consistently has 0 transactions achieved nothing. End of story. If you disagree explain to me what else mining achieves.

DJBunnies 6y ago
No, you nailed it, 0 or more transactions. Power is not directly tied to transactions as a result. Edit: in case you’re still struggling: mining yields the block subsidy reward. That is its primary function.
- arcticbull 6y ago
  See it’s solely for transactions. Without transactions or mutability mining wouldn’t be required. This division is fair game. The block reward subsidy is only required to reward the processing of blocks which wouldn’t need to happen if transactions weren’t a feature. The method of facilitating transactions consumes all the power, so you can divide the average number of transactions per block to obtain the power expended per average transaction. Trust me I’m not struggling here, except with pushing back on the koolaid consumption. Folks who pursue extensive mental gymnastics to justify their having obtained wealth through environmental destruction: it’s like if everyone holding Bitcoin woke up one day to realize they’d killed a gorilla in the process. They’d try really hard to convince themselves they didn’t or that it wasn’t their fault. Even to pretend it didn’t happen because the gorillas were simply transmuted to a better life in the sky.
  - DJBunnies 6y ago
    I disagree with your points, you can’t really generalize it all together and say “see look it’s the same!” when it is so clearly not. Good day.