Do bitcoin pool operators make backdoor deals?

Show Notes

An inscriber could attach an elevated fee to their transaction thus incentivizing a bitcoin mining pool to include it in a block. Or an out-of-band payment — fees paid outside of the network’s typical process for collecting fees — could be coordinated between a transactor and a block builder. But is this fair against the miners in the pool? Size and types of revenue for miners grow as demand for block space increases and the number of applications with real users increases. For now, Bitcoin block space is demanded by users who spend UTXOs. But Ordinals gives a glimpse of a future where other Bitcoin users introduce creative reasons to demand the same space, which forces these competing users to meet in the fee market for the limited space inside of a block. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ #bitcoin #ordinals #nfts #miningbitcoin #bitcoinmining #bitcoinpool #pooloperator #utxo #backdoor #deals #bitcoinminers #bitcoinnews #btc