Oddbean new post about | logout
 What are they doing? 
 This:
https://slipstream.mara.com/

I personally don't have an opinion on it one way or the other from a utilitarian standpoint. This might turn out to be an unexpected good thing and be relatively insignificant to each of us as individual people using Bitcoin as money. Especially because people using this still have to pay competitive rates (currently 5 times as much) per byte of data for the mining company to make a larger profit off of doing it than for them to mine pleb transactions. 
 The unfortunate thing about this is that much of this "innovation" ostensibly is being used to scam people, and it does slightly slightly drive up tansaction fees as a result of reduced supply for plebs. MARA is enabling extreme glutony for block space, but it is still unable to push all that far, and it and its cronies still bear a cost for that.

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