E153: The Potential of Bitaxe Pleb Mining, Does proof-of-work "work" for new chains, The Rat Inscription, Nostr

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9M ago 52:20

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This Bitcoin Weekly Kickback episode covers various topics related to proof of work and mining. It starts with a discussion about a project called the Rats, which involves inscribing rat-related things onto an inscription. The conversation then moves on to the effectiveness of proof of work for new chains and the challenges they face in competing with Bitcoin. The hosts express skepticism about the success of new proof of work networks and highlight the path dependency and adoption challenges they face. They also discuss the Bitax pleb mining initiative and its potential to contribute to the decentralization of mining. The conversation covers various topics including the potential of Bitcoin mining as a home-centric activity, the role of Nostra as a social media platform, and the concept of micro-payments. The hosts discuss the implications of pleb mining and how it can lead to a better understanding of Bitcoin. They also explore the challenges and potential centralization of Nostra as a social media platform. Additionally, they touch on the idea of streaming Satoshis and the importance of micro-payments. The conversation concludes with a brief mention of Magic Eden and its token launch.

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