₿itcoin ₿ombadil on Nostr: Afaict, appealing to authority of the “heaviest” proof of work chain makes sense ...
Afaict, appealing to authority of the “heaviest” proof of work chain makes sense regarding orphaned blocks.
But appealing to “heaviest” PoW chain in the context of Bitcoin forks gives me Labor Theory of Value vibes.
High Quality PoW > High Quantity PoW
99%+ hash can be wrong
Published at
2026-03-03 14:41:18 UTCEvent JSON
{
"id": "65814dc18508b4620b2f3ca67baa72761f890d6d37b231170e04ed5b6927e2c1",
"pubkey": "0afb025ba314958df9b82ba64202d5beb77c3d0299aa9c9f18f96e19c033fdc6",
"created_at": 1772548878,
"kind": 1,
"tags": [],
"content": "Afaict, appealing to authority of the “heaviest” proof of work chain makes sense regarding orphaned blocks.\n\nBut appealing to “heaviest” PoW chain in the context of Bitcoin forks gives me Labor Theory of Value vibes.\n\nHigh Quality PoW \u003e High Quantity PoW\n\n99%+ hash can be wrong",
"sig": "58c327ef81f41a70616b30a53fe4dbca777ed968f0c7c926bd5769e85d9e2cd0f01577037ff3612678b06d71f85c334c77669f0dfb80fc54bd2575ec73c64b43"
}
