On to the first panel! Big Blocks, Big Business: The New Mi…

TAAL and Mempool... I'd say the only two miners *really* pushing the game, with Coingeek tagging along with TAAL, from my perspective.

Looking forward to what they have to say.

All quotes are paraphrases.

TAAL: "We're getting away from being a miner, and getting into transaction processing on chain"

IMO, that *is* mining :)

TAAL talking about their assets and services. Good to hear more information about their business.

Mempool: "Mempool is focusing on becoming the infrastructure provider for the next generation of internet."

This is obvious in their actions on chain. Accepting low fee transactions, working directly with application providers... Competing on chain!

Shadders talking about rising transaction volume and importance of fees.

This subject makes me giddy. It's not just the tea. :)

What I'm hearing from Lin (Mempool) is that he is focused on users of the chain, writers in particular, as their customer base. This seems like a theme across all three individuals on chain.

TAAL talking about types, volume of transactions, etc.

Both companies are approaching or being approached by businesses to contract directly with the miners... Largely on an individual basis.

So long as transaction propagation continues, this will be a very good thing!

Mempool talking about customer needs... Level of service requirements. Reliability. Etc.

The miner takes care of the fees, can be on or off chain, including fiat fee payments.

This is where the orphaning of blocks becomes a very interesting economic check and balance on miners. Without this, the system would break down under the approach these miners are taking.

Just took the first sip of my second cup of tea.

I make really good tea.

Just saying.

Talking about Service Level Agreements as a part of contractual agreements and how that relates to miner connections and contracts between miners.

This is SO important, and people should really listen closely to what these real miners are saying.

Mempool talking about other miners needing to accept your block. Orphans.

See what I said above in the thread. This is what some people (*ahem* David Lancashire) miss like it's a hobby for them.

Gawd, this is a good panel.

It's all about the real issues miners face, and how they are facing them.

This is the future. This is how miners operate. This is how Bitcoin incentivizes them to operate.

Mempool: "Our short term goal is to make fees as low as 1 satoshi per Kilobyte for all of you"

That would be fantastic! I hope that can be achieved in a sustainable way (read, MASSIVE volume).

Mempool talking about some really interesting approaches to managing transaction fees. Worth digging into that stuff.

You don't hear ANYTHING like this on any other chain.

Remember, Bitcoin is open for business, but only on BSV.

TAAL talking a lot about client needs and making a structured approach to a long term sustainable business. Balancing between structure and agility, within the context of being a regulated public company.

Engaging with institutions and enterprises, too.

Angela is discussing some very deep enterprise and regulation driven needs. Very interesting.

Miner ID discussion now.

Auditability, reputation, proven level of service (number of blocks), etc.

I find it interesting that the clear approach they're advocating is to have individual miners act as processing services in coopetition on the network.

All of this is really interesting because this is a demonstration of a truly different model for how Bitcoin will work.

Not everything is answered - for example, how will reading from the chain be managed? This, of course, is answered elsewhere.