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@ supermass
2025-05-08 13:11:20
The mining interpretation here is backward though.
The normal (ie standard) mempool and mining of transactions remains a ruthless free market across operational scales.
However, at LARGE scales (the ones we definitely shouldn’t add supplemental ‘support’ for) the presence of nonstandard shitcoin transactions is currently (ie right now at this moment) adding profitability by allowing miners at this scale to arbitrage the fee market for a short time, claim additional out-of-band fees, and then go right back to the standard pool of transactions and claim the ‘normal’ fees from winning blocks.
The only reason they can do this is because of size.
So there are two competing claims, and the real task is determining which carries the burden.
1) The presence of these transactions is bad full stop and we should filter them by default to discourage their proliferation and potential profitability over time.
2) Filtering them (in the current way at least) has created this mining reality which COULD BE even worse over time than the bloat and waste caused by 1).
We are moving toward having the right conversation at least with all this imo.