opreturn

> Heck, my visa card pays me 0.3% nowadays.

Does your visa pay the merchants too? If banks/cards are are still charging merchants 2-3%, then some of that is passed on to us users as well (just not explicitly)

Very nice points. People are not that averse to metered pricing. There is a strong aversion towards unpredictable charges.

I don't enjoy the negatives. We'll move to better alternatives as they become available. Until then.. it's just like democracy or free markets.. no demonstrably superior alternatives yet

:-) Yeah. There's some baggage there, but I was still surprised nobody wanted this username.

Core devs may not agree with what some users do with the system (current specs/features).. but as the Ethereum miners showed with increase in block size, core devs' philosophical objections may not matter in the end

.. that factory full of rigs and a power plant with the capacity of Arkansas Nuclear One

> .. now it's too late.

Perhaps it is too late for replicating existing use cases. However, the general idea of running EVM-like smart contracts secured by Bitcoin PoW (e.g. merge mined sidechains) is still quite attractive

> except for mining security where did you see that? I don't think their security model has any connection with Bitcoin mining. They are not merged-mining with bitcoin

Bitcoin miners have no role here. Anyone can sign up to be a Stack-miner by bringing in their own BTC into this network. That amount (in BTC) is distributed to those who have staked their Stack-tokens. A pRNG process (based on VDF or VRF) selects one of these miners at random to create the next block

Source: https://blog.blockstack.org/realizing-web-3-proof-of-transfe...

Edit: typo