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That's the sybil issue I mention:

before, zaprank was modulated by:

  1. Trust earned through getting zapped (there still is an algo for this for rewards) and new accounts start at 0
  2. Magnitude: 10 stackers of full trust zapping 10 sats gives 20 rank, 1 stacker of full trust zapping 100 sats gives only 3 rank.

Now:

it's just the amount of sats spent, which is only bounded by the 21M BTC cap.


This explains why boosts and downzaps are much more important and used now, and for much higher amounts, because now whales are the boss, replacing long-term respected stackers that got zapped a lot by other respected stackers, whom were the previous boss.

182 sats \ 3 replies \ @siggy47 6 Sep

Ain't that the way of the world?

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If you want it to be... There used to be a time when bitcoiners were not giving a shit about the way of the world.

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148 sats \ 1 reply \ @siggy47 6 Sep

Another favorite of you know who.

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We're not allowed to say Darth's name anymore?

It's one of my favorites too (even tho i literally just typed this in an anon imgflip session, so technically it is new, haha.) Many of the oldtimers feel this way. I have some irl friends from that era (because opti wasn't always careful with identity before) and every time I meet one of these people this is a shared view as a big problem. Worse, some of the people that appear to be all cypherpunk nowadays are in fact through the backdoor funded by the same system they claim to despise[1].

  1. But to their defense: often because there wasn't much of an option for the same type of funding if you only wanted whales to help you out - I just was lucky to learn very early that ycombinator is not the place you go to for a Bitcoin startup; they'll always go for the shitcoiner solution because there's more early gainz to be had with an ICO than with an honest business that cannot ICO.

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