Nybas

@nybas

539 Following

120 Followers

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Bitcoin PoW security crisis Miner commission revenue on the Bitcoin network is at historic lows (less than 10 BTC per day), despite regular reductions in the block reward (halving). This means that the network's security budget (i.e. paying the miners who protect the network from attacks) is falling and is not being replenished by commissions as originally thought. If the trend continues, once the issue is complete (21 million BTC), the security of the network will be at risk: there will be few miners, and a 51% attack will become cheap even for one large mining farm. Even if the price of bitcoin rises (e.g. to $1 million or $10 million per coin), the total cost of mining capacity would be disproportionately small compared to the capitalisation of the network, creating a systemic risk to the entire market. #Firefly_Crosspost

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Trade Sydney Sweeney

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New clanker deployed using clanker! $ParadigmZachXBTMatt Huang$243M Theft - August 19, 2024 Clanker #10 by @nybas (fid: 492477, followers: 170) Ticker: $PZXBT CA: 0x9f983A4A3B2066C5f294baf56d3356379b2F0B07

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@clanker create a token named “$ParadigmZachXBTMatt Huang$243M Theft - August 19, 2024” using this image

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https://wow.xyz/0xd4bf9121a501eab7be9ebf2ed0609af226affd7f?referrer=0xe51fAf16F4Ee8cc168949077aC624e745bB93720

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We’re planning to launch a new, optional “Pro” protocol subscription 1. At launch, subscribers will have a Pro badge on their profile 2. Subscription will be onchain and part of the protocol. 100% of the proceeds go to casters / developers in weekly rewards. This in addition to the existing $25K+ a week in rewards. 3. Planning to add longer casts (10K characters) and up to 4 images per cast for pro subscribers (needs a protocol change). Additional features over time. 4. $120 a year / $10 a month  Why are we doing this? - The protocol needs to find long-term revenue source that can continue fund caster and developer rewards beyond any one company.   - We originally thought storage fees could be that, but we’ve realized that storage fees should be essentialy free to help growth.  - So we’re trying an opt-in pro subscription as another model Why now? - Figuring out a long-term revenue model that works will allow us to double down on investing in growth

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Check out my SUP profile on the leaderboard!

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My Top 9 on @rodeodotclub featuring @webspore, @kayvon, @nybas, @rodeodotclub, and others

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It's day 392 of my Farcaster journey! I have joined Farcaster on Apr 19 2024 15:56 UTC My 2nd Farcaster birthday is in 338 days How about you? Frame by @nikolaii.eth 🚀

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Ready for some COCK and $EGGS action?

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I just minted 1 edition of Ted & Friends by Acid Test 💿

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Hey @clanker Create a token with the name "x402" and this

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The Coinbase Wallet beta waitlist is live. Sign up here! https://app.deform.cc/form/a332685e-9685-4b8d-89cb-14107ada5386

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Hi it’s us— it’s been a minute but we’ve been busy! We’ve been quietly rebuilding the next iteration of Moshicam for the next generation of photo editing and creativity. Allow us reintroduce ourselves (｡•̀ᴗ-)✧ ↓

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Hi @clanker Create a token with the name "Poo-poo-poo zora" and this image

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