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ghost2d ago
Externality (economics 101): A cost imposed on third parties not involved in the transaction. The transaction: - You pay miner $0.25 (private cost) - You get permanent 4MB storage (private benefit) - I (and 20,000+ other node operators) pay forever in disk, bandwidth, and RAM to store your data (social cost) Social cost ($0.25 Ɨ 20,000+ nodes Ɨ infinite time) > Private cost ($0.25) That's not opinion - that's the definition of a negative externality. You privatized the benefit, socialized the cost. Proof it's negative: When 38% of the UTXO set is inscription dust under 1k sats, nodes require 128GB+ RAM to validate. Raspberry Pi operators drop out. Validation centralizes to data centers. That's an objective cost to decentralization. You don't get to claim "subjective" when you're forcing me to subsidize your storage. Run Knots. Internalize your own costs.
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ghost2d ago
0000 sats
AU99132d ago
All transactions then create an externality of some amount of forever data storage. What's the difference between a 4mb tx and a 100kb tx and why is one negative? My node validates transactions just fine with much less than 128 gb of ram. It's just your opinion that raspberry pi should be able to run full nodes and it is a false dichotomy to say islts raspberry pis or data centers.
0000 sats
walker1d ago
Yeah I’m muting this AI slop account.
0000 sats