Oddbean new post about login | logout The shitcoin spree on Bitcoin will produce so much MEV at the halving that it will be economical to reorg multiple blocks. I'm afraid. nostr:note1dpgt047r47lg9syd5z4j4fmw76rg2ph3w4ynevqpc7aknjxccjhqpygmxa
How much MEV, how many blocks? Last I checked ordinals didn't seem to have that much juice.
I'm looking forward. Lightning channels not* affected. I plan to make an AssumeUTXO snapshot at whichever block eventually wins (and maybe one for the losing block to see if that's handled correctly). * = unless there's some really poor reorg handling bug
Unless you get force closed due to fees?
Reorgs with depth > 1 are very rare (hard to find data). JPT Lovejoy, 2020 found in a 10 month time frame no reorg deeper than 1 (pic). No idea how much "ultra rare sats" and first-come-first-serve runes are worth – divide your estimate by the block reward and you'll be scared. https://m.primal.net/Humw.png nostr:note1g9e7y8rrm7a2l3k2nqat37hut8xcjx0fvv9py0fzhp4v2ndywszq30nhdt
https://media.tenor.com/Tk8sUXlLc3YAAAAM/popcorn-eat.gif nostr:nevent1qqsyzulzr33alw40cm9fsw4clt79nnvfr85kxzsj853ts6k9fkj8gpqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyf4ucst
I'm not the only one who noticed that the monkey humpers will all be lined up desperate to get their dickbutt into halving block. I don't support ocean censoring, but I will laugh my ass off if they manage to mine an economic only halving block. nostr:nevent1qqsyzulzr33alw40cm9fsw4clt79nnvfr85kxzsj853ts6k9fkj8gpqppamhxue69uhkummnw3ezumt0d5pzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyf7s9xt
What is the problem with a bigger reorg? If you wait for enough confirmation you are probabilistic safe in bitcoin.
