1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
Will #TAAL require partnerships with other miners/pools to have the necessary hash in order to guarantee block generation regularly enough to meet fiat based contract obligations?
I assume TAAL needs #BSV to pay these miners/pools txs fees. Or do they?
Replies
13mLJo8JeEpJmW2i7JMfMJCqygPE6Lrn5k (2492) ·
TAAL already manage 3000 PH/s and own 300 PH/s..but with TAAL Orchestrator other miners/pools will probably want TAAL's support.
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
Lots of miners will want to work with TAAL, no doubt about that. What I mean is how will they guarantee end of day/4 hour settlement etc in fiat based contracts if they don't have the necessary hash to produce enough blocks at the right times.
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
What's to stop other sha256 miners with lots of hash just mining blocks with few transactions in them. This is completely within the rules, they could even mine empty blocks. They can come & go freely. This is my concern. W
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
Would TAAL & partners just refuse to build on these blocks. Do you see what I mean. These games could be played by people to disrupt TAALs business model.
13mLJo8JeEpJmW2i7JMfMJCqygPE6Lrn5k (2492) ·
Other SHA256 miners still dependent only on block reward have a biz model dependent on BTC number go up. TAAL is expecting a bloodbath at halving. They will buy up a lot more equipment during this time via shares. No SLAs live yet, but ill reassess then.
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
TAAL will snap up more equipment for sure. I'm not worried about it, I'm just pointing out that hash still matters. If you require a certain number of blocks per day to meet your fiat contract obligations, then you require a certain amount of hash.
13mLJo8JeEpJmW2i7JMfMJCqygPE6Lrn5k (2492) ·
Yes i understood.. but they're already getting multiple blocks on BSV per day. What im saying is BTC hash leaders won't be after the bloodbath. Quite possible TAAL will become a hash leader as well as tx processing leader.
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
It doesn't have to be a BTC miner. Could just be a competing BSV miner offering similar contracts who have more hash than TAAL, which could impact fiat based contract obligations. What happens if they miss settlement times. I'm just thinking possibilities.
13mLJo8JeEpJmW2i7JMfMJCqygPE6Lrn5k (2492) ·
If TAAL have an SLA with 1-day settlement, they just need one block per day to fulfil that. How much would a competing BSV miner have to up their hash to prevent TAAL from winning a block?
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
Absolutely. 🤞 they do become the leader in terms of hash. I own a few shares 😉 Let's hope we get a bloodbath. Interesting to see how this plays out. It may take another halving to truly kill BTC. 🤞 this one inflicts the fatal blow & it limps on at best.
19YN95JqM59DQSsojsMnNvAQK9WEoc8BB9 (2432) ·
Now imagine that this 1 block gets orphaned, because its too big for the majority of other miners that refuse to scale up tx-count/blocksize and stick with the block-reward-only business model.
as long as price of BSV is high enough, they can play thisgame
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
The one day settlement is easier to fulfil for sure. I'm sure they want more transactions than they can fit in one block. But what about smaller time frames? 4 hour etc. TAALs hash will grow going forward massively, it has to in order to guarantee this.
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
So many miners will have to up their game. This is my point, would TAAL and other big block miners just refuse to build upon these small blockers blocks. Fork them off essentially. Even though they are acting legally. They can come and go freely.
19YN95JqM59DQSsojsMnNvAQK9WEoc8BB9 (2432) ·
exactly. there is a whole world of obstacles for massive scaling with current mining rules.
And im not a fan at all of altering those rules or forking off.
Fork-offs are death to a healthy Bitcoin eco system.
Proven 2 times already.
1LY3H8ttT9U5AcAs8oWZFHgrxzBrpKrHSw (2130) ·
Completely agree with you there. I hope I'm wrong but I think there will be a few miners that play games if BTC remains profitable for them. We find out soon enough I suppose. Long term it makes no sense, but being a small blocker never did 🤷♂️