0 sats \ 2 replies \ @grayruby 6 Mar 2023 \ on: Stratum V2 Will Save Bitcoin Mining bitcoin
Peter was being hyperbolic and feeding the shitcoiners sound bites to FUD bitcoin, which pisses me off. Of course we all want to decentralize mining and pools as much as possible and open to ideas but lets not be intellectually dishonest FUD feeders.
The hash will move if pools are bad actors. Yes there is risk that if highly regulated entities (public companies) produce a large percentage of hash they will be incentivized to use the most highly regulated pool (foundry) and it may be challenging to get them to move hash. It's a concern. Bitcoin is not dead.
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60 sats \ 1 reply \ @037447d9ca 6 Mar 2023
The hash will move if pools are bad actors.
this is simply not true. have you met some miners? they don't give a flying fuck, they just want quick bucks, whichever the means.
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0 sats \ 0 replies \ @grayruby 7 Mar 2023
A small amount of social pressure got Marathon to drop OFAC censoring in less than a month. Public companies will not want the PR nightmare, potential lawsuits, of being associated with a bad acting pool. The real issue arises when we have a disparity between what the bitcoin community and the public large miners think is bad acting.
Public miners might think complying with OFAC is great because it keeps them in regulators good books while the community considers that bad acting.
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