"Mempools are the centerpiece of the entire Bitcoin economy. And they are totally underrated." - Zane Pocock
Today we dig into a unique mental framework of the Bitcoin mempool and how to understand its significance and the fascinating role it plays in the global bidding war for Bitcoin block space. A work by first time author Zane Pocock at MempoolReview.com, Guy reads "Bitcoin's Town Square" & expands on exactly how he views the open information market working tirelessly to find the right price for a Bitcoin confirmation.
The original article with numerous other great links in the read:
https://www.mempoolreview.com/bitcoins-town-square/
An essential piece mentioned in the read is Hayek's essential work:
The Use of Knowledge in Society Part 1
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
The Use of Knowledge in Society Part 2
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0
For $10 free in Bitcoin, start your auto purchase Bitcoin savings plan with the lowest fees available at swanbitcoin.com/guy. There is no better sleep on the market than knowing you are always stacking sats!
What if Bitcoin's energy consumption is actually the greatest natural incentive we could've hoped for in our alternative energy revolution? Find out how in...
"I was just amazed when Bitcoin emerged, and I'm like 'I think someone finally cracked this and figured it out,' it's ingenious right?" -...
Completing the Lightning Puzzle with Part 3 of Understanding the Lightning Network. The riveting conclusion of Aaron van Wirdum's series on the Lightning protocol...