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0 sats \ 1 reply \ @kepford 14 Sep 2023 \ parent \ on: Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction bitcoin
Exactly. Pools are a control point. No doubt about it. What should keep them in check are miners that can switch pools. I'm kinda hoping they do return it just so we can see what the actual miners do. They have options unless I'm missing something. I'm not a mining expert but I have been doing homework on that front over the past few months.
I could be oversimplifying things but it is my understanding that it is easy to switch pools. Change some config in your miners and point your hash to another pool. I mean, at scale that would be a pain but 20 BTC is nothing to scoff at. If I were a miner there is no way I'd stick with a pool op that did this. Just as I'd never use a service like Paxos
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