The Miner's Spell: Is the Short-term Inscription Hype a Poison to Quench Thirst?

Source: Liu Jiaolian

Jiaolian’s previous article "Inscription Killing Bits "Coin" is a warning. If most people can be alerted, the bad ending may be avoided. Just as "Das Kapital" alerted the world, capitalists also improved and avoided rapid destruction. Satoshi Nakamoto said that Bitcoin is expected to become a self-fulfilling prophecy, while killing Bitcoin, on the contrary, hopes to become a self-fulfilling prophecy. The self-realization of survival and the self-unrealization of killing have the same function but different abilities, but are opposite and complementary to each other.

But survival is not achieved through compromise, but through resolute struggle. It should be noted that if you seek to survive through struggle, you will survive, and if you seek to survive through compromise, you will perish.

Don’t talk about engraving data on the Bitcoin chain as freedom. This kind of "positive freedom" to do whatever you want is an illegal freedom that violates the core spirit of Bitcoin. The freedom defended by Bitcoin is only a "negative freedom", that is, your BTC ownership cannot be deprived by others. Bitcoin never defends freedom in all its forms. On the contrary, Bitcoin firmly resists any freedom to change Bitcoin. To put it more seriously, Bitcoin's success stems precisely from its resistance to all other freedoms.

One of the most important resistances to all freedoms is to resist miner groups with strong computing power, which can freely exercise their power in a centralized or collusive manner in accordance with the interests of one group. The power in hand - the right to keep accounts. The restriction on the freedom to exercise accounting rights prevents miners from acting arbitrarily and recording or tampering with the ledger at will.

Just like Sun Wukong in "Journey to the West", you need to use his super strength and put a tight spell on him to prevent him from doing anything wantonly.

The curse on the miners' heads is forged by cryptography (mathematics), the greedy nature of human nature (biochemistry), and thermodynamics (physics).

The cryptographic part is that the SHA-256 hash and ECDSA digital signature are unbreakable.

Part of human nature is the desire for monetary benefits and selfish competition.

The part of thermodynamics is the consumption of energy, and the increase in entropy is irreversible.

Some people think that the era when everyone used PC computers to mine was a wonderful time. However, general-purpose hardware mining is not good compared to the ASIC-specific hardware commonly used today.

The downside is that general-purpose hardware can have a secondary purpose. This gives miners a "retreat". If Sun Wukong can return to Huaguo Mountain at any time without seeking Buddhist scriptures, then he will definitely be more short-term profit driven and become short-sighted and lack long-term vision.

The materials of cryptography, human nature, and thermodynamics must be united by the dedicated mining machine to form a strong tie.

Specialized mining machines specially designed to calculate SHA-256, except for mining BTC, are almost a pile of scrap metal.

In this case, the miners have no way out.

After cutting off their retreat and fighting for their last resort, they can be willing to use their brains a little and think about longer-term issues on the basis of their daily butts determining their heads and interests determining their vision: for example, in order to covet The handling fees brought by the short-term inscription hype have destroyed the value proposition of BTC. In the future, mining machines will become scrap metal and everyone will eat dirt. Is this a short-sighted behavior that quenches thirst by drinking poison?

So what the developers said about deleting the inscriptions was like Tang Monk reciting a tightening curse.