First, it's already happening with big pools excluding transactions in order to be OFAC compliant, and yet those pools are only getting bigger.
Not all censorship results in financial loss that would actually make miners leave due to their bottom-line shrinking.
Those accusations against OCEAN (nprofile…ckyu) were ridiculous because OCEAN had and still has such a small percentage of the hash rate that any transactions they intentionally excluded would have made it into the very next block, and their intention was ALWAYS to let the individual miners make their own block templates, which we can now do, so OCEAN has no say in what makes it into a block.
Meanwhile, all it takes is two entities to collude and they can keep transactions out of 90% of blocks, which has a meaningful impact on how long it could take for those transactions to be included by a smaller pool.
Most mining companies would not solo-mine, because they need the consistent revenue.
The point is, if a solution to the problem exists, and it does. DATUM works. Then more pools should adopt it, or miners should move to pools that it can be used with.
Dikaios1517
npub1ku…v3lhe
2025-01-11 19:16:08
in reply to nevent1q…ykwy
Author Public Key
npub1kun5628raxpm7usdkj62z2337hr77f3ryrg9cf0vjpyf4jvk9r9smv3lhePublished at
2025-01-11 19:16:08Event JSON
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"content": "First, it's already happening with big pools excluding transactions in order to be OFAC compliant, and yet those pools are only getting bigger.\n\nNot all censorship results in financial loss that would actually make miners leave due to their bottom-line shrinking.\n\nThose accusations against nostr:nprofile1qqsq9k04vahllseell55m74n3047y88pzlr0z5yany32st29fapqmgsppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgawaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctc87ckyu were ridiculous because OCEAN had and still has such a small percentage of the hash rate that any transactions they intentionally excluded would have made it into the very next block, and their intention was ALWAYS to let the individual miners make their own block templates, which we can now do, so OCEAN has no say in what makes it into a block.\n\nMeanwhile, all it takes is two entities to collude and they can keep transactions out of 90% of blocks, which has a meaningful impact on how long it could take for those transactions to be included by a smaller pool.\n\nMost mining companies would not solo-mine, because they need the consistent revenue.\n\nThe point is, if a solution to the problem exists, and it does. DATUM works. Then more pools should adopt it, or miners should move to pools that it can be used with.",
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