Damus

Recent Notes

Bitcoin Mechanic · 47w
because miners are the ones making the templates. it's as simple as that. decentralized reward coordination is a separate issue and utterly irrelevant to Bitcoin, regardless it is being figured out ...
aeon 📜CTV + CSFS profile picture
You are misleading again, miners on Ocean arent building the entire template. Miners connected to Ocean are being being told what coinbase tx to use in their templates. If they choose not to use the one Ocean provides, they are switched to solo mining, which removes all variance reduction benefits, which is the entire purpose of pool mining. Ultimately no tangible decentralization is achieved because Ocean (being a centralized trusted third party) can be pressured by regulators to censor, just like any other centralized pool can.
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Bitcoin Mechanic · 47w
you have no idea what you're talking about
Marks · 148w
Curious how that type of coercion would be manifest. Logistically the regulators would need an automated mechanism in place to evaluate transactions going into each block. Then respond quick enough to...
aeon 📜CTV + CSFS profile picture
Not really, all they do is force the regulated miners to use a government sanctioned mining pool, and the government pool builds the blocks. They will be forced to comply or be shutdown and have their equipment seized for money laundering and terrorist financing.
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