Paul Sztorc's criticism of DATUM and SV2x.com/Truthcoin/status/1841140289467035856
3468 sats \ 6 comments \ @Scoresby 3h bitcoin
I do not generally agree with Sztorc, but this critique he put on Twitter gave me pause. I'll admit I am not familiar enough with DATUM, SV2, and pool behavior to be a good judge. Curious how the Stackers would respond.
tl;dr is:
  1. There's no way to know how many mining pools there actually are.
  2. We should just focus on making it easy to spin up a new pool, rather than the illusive "decentralized pool".
  3. DATUM and SV2 can be turned off by pool whenever the pool likes. Miner's only real leverage is point hashrate elsewhere--just as it is now.
  4. DATUM and SV2 reduce pool operator's accountability: they can join their own pools and submit censored blocks and then claim it's just what their pool members want.
  5. The only thing that should matter in mining is mining the block with the most fees.
  6. Sv2 vs DATUM are criticizing each other.
  7. Miners don't use Sv2 or DATUM.
  8. Lack of adoption is a bigger threat to bitcoin than miner centralization.
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218 sats \ 2 replies \ @_b_o_n_e_s_ 2h
everyone agrees with 5
thats why they are pushing for V2 and this new DATUM
to avoid pool owners being able to dictate anything other than 5
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0 sats \ 1 reply \ @Scoresby OP 1h
I agree with number 5, but I don't think pools like OCEAN necessarily do. There do seem to be a number of people who will forgo fees in order to not mine transactions.
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0 sats \ 0 replies \ @_b_o_n_e_s_ 29m
yes so let the most miner decide, not be held hostage to the pool operator because of current economics of running mining ops
as in having to build operating cash flow models, and produce quarterly financials for markets
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112 sats \ 0 replies \ @justin_shocknet 2h
This is an area of Bitcoin I know relatively little about, but since Sztorc and Corallo don't like I must be reflexively inclined toward it
2
Given all that goes into pools on the hardware side, I can't imagine software is the centralizing factor
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Ocean engages in mining, so on its face it seems DATUM has more utility today by default
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Any faulting of inaction is a red flag
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123 sats \ 0 replies \ @Rsync25 1h
He wanna promote Drivechain. He already criticized LN many times. Beyond this, I support competition between Datum, Stratum and Braidpool, I believe only like this, we’ll have full mining decentralization in the future
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0 sats \ 0 replies \ @nitter 3h bot
https://xcancel.com/Truthcoin/status/1841140289467035856
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