BlockByBlock🟧Web3/Explorer
Joined March 2021
- Tweets989
- Following368
- Followers174
- Likes33.8K
MoonIT©️ retweeted
This is true.
Merge mining means Bitcoin miners are relying on the success and sustainability of another chain.
The risk is too high for this to be the consensus for Bitcoin when there's already competing chains with trillions in activity.
Bitcoin needs a market driven solution that pays miners directly without depending on any external factor besides Bitcoin itself.
There's nothing more efficient than this and it preserves Bitcoins supply cap and doesn't require any protocol changes.
Everything else does NAT come close.
Man, you really don't get it, do you? 🤦
The fundamental problem with your proposed "solution" is that under those conditions, Bitcoin's success actually becomes dependent on the success of an entirely DIFFERENT blockchain. 😂
You can call it a sidechain, you can pay miners in pegged BTC, go ahead, do whatever, knock yourself out buddy. 🤷
But if that other network fails to attract sufficient economic activity (which they all do), then the supplementary miner revenue dies with it, so then what do you expect the Bitcoin miners to pay their bills with?
You're standing here making out that you're smart because you're proposing that Bitcoin's future security economics become dependent on the success of ANOTHER network!?! Do you know just how dumb you sound doing that?
Meanwhile, NAT is derived from Bitcoin's own PoW block production and the data contained within them, and yet you still can't see how that's a more efficient and ultimately more robust anchor for an additional economic mechanism to be tied to?
Class is over Joe. Don't forget to do your homework next time. 👋
MoonIT©️ retweeted
花了一个小时看了剑桥大学可替代金融中心发表的“赋能比特币的未来”一篇论文
论文原链接：jbs.cam.ac.uk/faculty-resear…
本聪大哥在白皮书曾经的设想：随着减半趋向于零，区块奖励最终会完全由交易费替代，实现零通胀
今天才2026年，才减半4次，近一年就有四家矿池关闭了（币安矿池、日本SBI矿池、Ultimus Pool、Poolin）
这还没有到2140年，很多矿工就已经入不敷出了，接下来正如剑桥大学这篇论文提到核心论点：随着程序化区块补贴逐渐降至零，网络安全资金将如何到位
比特币网络安全预算问题已经不得不摆上台面来讨论了
剑桥大学这论文一顿操作猛如虎的分析现状，分析问题，总结问题
最后的结论就是：目前的解决方案面临诸多限制，解决方案空间十分狭窄。诸如尾部发行、滞期 费和增加区块大小等可能解决安全预算问题的协议级变更，都面临着很 高的社会共识门槛。目前尚无任何比特币改进提案（BIP）直接针对安全预算问题——见（论文第50页）
但在论文的第42页提到，有一个理论上显而易见且吸引力很好的方案：：如果矿工在为比特币贡献相同算力的同时，还能额外的收入来自其他方面，那么矿工的总收入就会增加。
这恰恰正是 NAT 自诞生之出就给出的解决方案，且不死不休，3年， NAT的市值一直维持在4000万，曾今在今年4月份得到了两大矿池@SpiderPool_com @f2pool
的正式分发给矿工一度到达1.5亿市值， 社会实验已经完全得到检验证实，$NAT 作为比特币伴生矿币，为比特币矿工在为比特币贡献相同算力的同时，提供第二种奖励方案，完美地，最优效地，成本最低的可以解决比特币网络安全预算问题
3年，NAT没死，且活的很好，中西社区坚守且笃定信仰
在2028年减半之前我看到100亿市值
总览科普NAT全局资料natgmi.com/
@CambridgeAltFin
@wenbinresearch
@alexneumueller
@BryanZhangZ
MoonIT©️ retweeted
NAT is picking up steam in perhaps the most fearful market we’ve seen since we started the podcast.
What is causing this surge in price and how do we see it developing from here? 👇
Join us as we discuss the biggest problem in crypto and why ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 is THE MOST IMPORTANT ASSET IN ALL OF CRYPTO!
Why ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 Is About To Shock The World! ViaBTC To Distribute?! HUGE OPPORTUNITY!
Most people think Bitcoin is healthy as long as a block shows up every 10 minutes. We think that's the wrong measure. The real one is the cost of attack, and every halving cuts it. With fear in the air and nobody able to say why, @natgmi just doubled in about a week, and we're nearing NAT's three-year anniversary. So we went back to the basics of why it exists.
We walk through how the biggest Bitcoin miners validated the thesis this year, with @f2pool and @SpiderPool_com distributing NAT on top of BTC. We clear up why NAT shows up as an @ethereum token when it's a Bitcoin asset built on @tap_protocol, get into the community pressure on @ViaBTC over 3.5 trillion mined NAT that never reached pool contributors, and walk through the security budget widget on natgmi.com step by step.
The part nobody wants to say out loud is that Bitcoin only has three ways out of this. Make the supply infinite, tax everyone, or let a second subsidy carry the load. Public miners and @Strategy already list the declining security budget as a risk in their filings. It's a known problem that gets swept under the rug every cycle because price kept doubling, and the last cycle was the first time it didn't.
That's why holding NAT feels a lot like The Big Short to us. It doesn't need a code change, an emergency meeting with @saylor, or anyone's permission. It just needs people to notice the math before everyone else does. If you want the full thesis, read the NATpaper: natgmi.com/natpaper
MoonIT©️ retweeted
You are trying to guess the next Bitcoin top. The miners are trying to survive the next halving.
The original block subsidy is bleeding out. L1 fees are stuck under 1%. The math points to a security budget collapse.
But 65% of global hashrate isn't panicking. They are quietly mining the second block reward.
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 isn't a crypto narrative. It is the structural bailout for the protocol.
Keep ignoring it. The infrastructure will gladly mine your share before you wake up.
MoonIT©️ retweeted
Watch Nick from Whitepool ( #Whitebit ) get NATpilled when he understands the inverse correlation between hash power and NAT emissions.
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
MoonIT©️ retweeted
Day 510 #NatTo1bChallenge
While the timeline trades narratives, game theory is executing live.
@ViaBTC - one of the world’s largest Bitcoin mining pools - just told miners to wait for their post tomorrow on $DMT-NAT distribution.
The pools are waking up to the second paycheck. They have to, or they bleed hashrate to the ones that do.
You have less than 24 hours before the infrastructure makes it official.
Front-run the miners, or get left behind.
MoonIT©️ retweeted
You cannot pay an industrial power bill with a "store of value" narrative.
Bitcoin's block subsidy is bleeding out. L1 fees are stuck under 1%. Public miners are defecting to AI data centers just to survive.
But 65% of global hashrate just found the backdoor.
AntPool, F2Pool, ViaBTC, MARA, Luxor, SpiderPool. They aren’t chasing timeline hype. They are quietly securing a second paycheck.
Enter ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247.
Same block.
Same machines.
Zero protocol changes.
This isn't a theory anymore. It’s a payroll.
The market is just late to the math.
MoonIT©️ retweeted
Merge mining could pay Bitcoin miners more.
The catch: it needs a whole new chain, with its own developers, ecosystem and execution risk.
NAT needs none of that. A second subsidy without a second chain. ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 @WhiteBit
MoonIT©️ retweeted
Dont be sorry.
No one is waiting for your live anymore.
Your audience knows what the issue with Bitcoin is and they have already positioned accordingly. They are following the miners live not you.
65 percent of global hashrate just found the backdoor.
AntPool, F2Pool, ViaBTC, MARA, Luxor, SpiderPool.
They arent chasing timeline hype. They are quietly securing a second paycheck.
Enter ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247.
Same block.
Same machines.
Zero protocol changes.
This isnt a theory anymore.
It is a payroll.
The market is just late to the math.
MoonIT©️ retweeted
Fascinating chat with #whitebit about miner incentives and ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
Whitebit/Whitepool is a crypto giant ranked 15th overall by marketcap in all crypto.
xitter.cf/TheBlockRunner/status/…
Bitcoin miners are done pretending.
Hash price fell from $440 to $36 per petahash; @Binance Pool walked away, and public miners are building AI data centers instead.
The big voices stay quiet.
EP337: We ask a mining pool insider what actually saves Bitcoin's security budget.👇
Bitcoin Mining Has a BIG Problem! | Interview w/ Nick Bain @WhiteBit | TBR#337
Bitcoin miners are getting squeezed, and almost nobody with a big audience wants to say it out loud.
We sat down with Nick Bain, head of business development at WhitePool, the mining pool run by @WhiteBit, to talk about what it actually looks like from inside a pool right now. Nick has been in Bitcoin mining since 2019, from merge mining at Jax Network to brokering energy for miners and AI data centers, and he gives us the numbers straight: hash price was about $440 per petahash at the 2021 peak and sat around $36 the day we recorded.
We get into what the security budget really is, why more hash power does not automatically mean more security, and where Bitcoin's value comes from in the first place. Nick shares a story from Mining Disrupt about a public mining executive who wanted to 51% attack Bitcoin SV and short it, and the only thing that stopped him was how it would look. We talk about why miners are practical businesses, not marketers, why the public miners are pivoting to AI, and the TSMC agreement that keeps new ASICs flowing even when demand is weak.
Then we lay out the four fixes on the table: make Bitcoin infinite, tax holders, merge mining, or a second token paid to miners. Nick walks through why Dogecoin is worth more per block than Litecoin, its own mother chain. We disclose that we helped launch @natgmi, and we explain how it is tied to Bitcoin's bits field, why its emissions fall as hash power rises, and which pools are already distributing it.
The part that stuck with us most is how fragile the safeguards are. If ethics is the only thing between a large miner and a profitable attack on a smaller chain, incentives are doing all of the real work, and those incentives are shrinking every four years for Bitcoin itself. Hash rate charts going up and to the right hide that, because cheaper, more efficient machines can add hash power without raising the cost of attack.
What we keep coming back to is that every holder will eventually have to pick a path. Either the supply changes, holders get taxed, fees somehow show up on chain, or Bitcoiners accept a second asset that pays miners. None of those choices are comfortable, and that is exactly why the people with the biggest platforms keep avoiding the conversation.
YouTube 🔗 youtu.be/khL_UezM4Jw
MoonIT©️ retweeted
Bitcoin miners are done pretending.
Hash price fell from $440 to $36 per petahash; @Binance Pool walked away, and public miners are building AI data centers instead.
The big voices stay quiet.
EP337: We ask a mining pool insider what actually saves Bitcoin's security budget.👇
Bitcoin Mining Has a BIG Problem! | Interview w/ Nick Bain @WhiteBit | TBR#337
Bitcoin miners are getting squeezed, and almost nobody with a big audience wants to say it out loud.
We sat down with Nick Bain, head of business development at WhitePool, the mining pool run by @WhiteBit, to talk about what it actually looks like from inside a pool right now. Nick has been in Bitcoin mining since 2019, from merge mining at Jax Network to brokering energy for miners and AI data centers, and he gives us the numbers straight: hash price was about $440 per petahash at the 2021 peak and sat around $36 the day we recorded.
We get into what the security budget really is, why more hash power does not automatically mean more security, and where Bitcoin's value comes from in the first place. Nick shares a story from Mining Disrupt about a public mining executive who wanted to 51% attack Bitcoin SV and short it, and the only thing that stopped him was how it would look. We talk about why miners are practical businesses, not marketers, why the public miners are pivoting to AI, and the TSMC agreement that keeps new ASICs flowing even when demand is weak.
Then we lay out the four fixes on the table: make Bitcoin infinite, tax holders, merge mining, or a second token paid to miners. Nick walks through why Dogecoin is worth more per block than Litecoin, its own mother chain. We disclose that we helped launch @natgmi, and we explain how it is tied to Bitcoin's bits field, why its emissions fall as hash power rises, and which pools are already distributing it.
The part that stuck with us most is how fragile the safeguards are. If ethics is the only thing between a large miner and a profitable attack on a smaller chain, incentives are doing all of the real work, and those incentives are shrinking every four years for Bitcoin itself. Hash rate charts going up and to the right hide that, because cheaper, more efficient machines can add hash power without raising the cost of attack.
What we keep coming back to is that every holder will eventually have to pick a path. Either the supply changes, holders get taxed, fees somehow show up on chain, or Bitcoiners accept a second asset that pays miners. None of those choices are comfortable, and that is exactly why the people with the biggest platforms keep avoiding the conversation.
YouTube 🔗 youtu.be/khL_UezM4Jw